Transnational governance

[citation needed] When such disparate hierarchies within the EU find common goals, typically within a conterminous geographic area, they seek to achieve them by integrating their various policies and activities.

The goals of transnational governance, especially for areas previously divided by the Iron Curtain or pre-EU barriers to free trade and movement of peoples, is to foster economic and social development.

The improvement of the economic and social situation could be analysed through the example of the Vienna-Bratislava-Györ triangle which is a cross border area including three countries (Slovakia, Austria and Hungary) that were once part of the same empire.

Concretely, we observe a high amount of Foreign direct investments (FDI) coming from Austria in order to develop the general situation of Slokia and Hungary.

This is very well descriptor in this citation of Tatzberger (2007) : “Foreign direct investments (FDI) play an important role in restructuring and improving the competitiveness of industry and manufacturing by helping to raise productivity and to expand exports.