Editing Visegrád Group (section)

=== History and categorization ===
Economic transformation from [[Comecon|communist central-planning]] to [[European single market|democratic market-economy]] was one of the goals of the Visegrad cooperation and was seen as an integral part of the so-called “Return to Europe”. The Visegrad countries succeeded to various levels and managed to overcome the economic slump after the 1989 revolution during the 1990s. With integration into the European Union, they chose an export-led FDI-dependent growth model. Not only due to their geographical proximity to Germany, but also due to their elite's decision to protect their industrial heritage, they became manufacturing hubs for Western European companies, foremost for the German automotive sector. This strategy differentiates Visegrad countries from other (semi)peripheral economies like the [[Baltic states]] (dependent on a debt-driven model) or [[Southern Europe]] (debt-based consumption-led model).<ref>{{Cite journal |last=Vukov |first=Visnja |date=2023-09-03 |title=Growth models in Europe's Eastern and Southern peripheries: between national and EU politics |url=https://www.tandfonline.com/doi/full/10.1080/13563467.2023.2189695 |journal=New Political Economy |language=en |volume=28 |issue=5 |pages=832–848 |doi=10.1080/13563467.2023.2189695 |issn=1356-3467|doi-access=free }}</ref>

In 2009, Slovakia adopted the [[Euro (currency)|euro]] as its official currency, being the only member of the group to have done so. All four countries are eventually obliged to adopt the euro in the future and to join the [[Eurozone]] once they have satisfied the [[euro convergence criteria]] by the [[Treaty of Accession 2003|Treaty of Accession]] since they joined the [[European Union|EU]].<ref>{{Cite web |date=23 September 2003 |title=Official Journal of the European Union, L 236 |url=https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ%3AL%3A2003%3A236%3ATOC |access-date=28 August 2022 |website=EUR-Lex}}</ref>