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This paper assesses the macroeconomic impact and policy challenges related to Estonia’s prospective accession to the EU and its potential adoption of the euro. Our analysis of the trade, financial, and fiscal channels includes a model-based illustrative scenario using MULTIMOD. We conclude that the welfare enhancing effects for Estonia of further EU integration are likely to outweigh the drawbacks of more pronounced macroeconomic imbalances that could accompany this process. To smooth Estonia’s accession-related adjustment, its fiscal and structural policies should be geared toward mitigating domestic demand pressures, promoting saving, and ensuring efficient public investment.
The contributors include researchers from the ten CEECs, as well as from current EU member countries."--BOOK JACKET.
This edited volume analyses how EU membership influenced the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. It also explores countries that are candidates for future EU membership. The speed of convergence of significant groups of low- and medium-income countries has never been as fast globally as it is today. Contributions by lead researchers of the area explore whether these countries are converging faster than their fundamentals and global trends would suggest because of EU membership, with its much tighter institutional and political anchorage
FDI has played a strong role in the export-led growth of eastern European countries that are now members of the European Union (EU). Largely sourced from advanced Europe, FDI inflows were motivated by the intention to pursue new markets and cost efficiency. Over time, foreign investment has restructured the exports sector in these countries in favor of products that are considered more technology-intensive. As these countries face skills shortage and rising wages, what is needed for FDI to continue playing a strong role? Can the Western Balkan countries, who are not yet EU members and have in recent years stepped up financial incentives and policy initiatives to court investors, emulate the experience? This paper takes stock of the FDI experience of both these groups and tries to estimate their potential gains from additional policy efforts.
A watershed in efforts to integrate "Europe", the plans to widen the EU will inevitably conflict with forces for deepening integration. Focusing on economic factors, this volume explores the key questions of widening, including why the negotiations are likely to be contentious for all concerned.
The Euro Area is ten years old. This major new reappraisal by some of the world's leading scholars examines the effects of the new European single currency on the member states of the European Union in its first decade.
This title was first published in 2002: Offering a new and challenging perspective on how the European Union (EU) sought to structure its relations with Central and Southeast Europe after the Cold War, this volume draws upon key debates in both politics and international relations. A historically and theoretically informed examination of the EU's engagement in Central and Eastern Europe since 1989, the book combines conceptual rigour with clear empirical analysis, firmly grounding the study of the European Union's current enlargement process in established theoretical perspectives. The book is written in an engaging and accessible way, which will appeal to academics, students and practitioners alike.
Redefining EU Membership examines the issue of Membership within the European Union (EU) today by focusing on differentiation in and outside the EU. The Treaty on European Union unequivocally declares that the contracting parties are the Member States of the EU. However, a closer examination casts some doubt of the unitary status of Member States, or at least suggests that the concept requires nuancing. Whilst diversity, and to some extent differentiation, have been part and parcel of the European integration process since its inception, Redefining EU Membership proposes that, considering several developments, a new reflection on membership within the EU and on differentiation in and outside the EU is required. The volume's contributions are organized around four aspects of the tensions faced by the concept of a unitary and formal EU membership: first, an examination of key policy areas which have already witnessed various forms of differentiated integration; second, an analysis of 'special statuses' within the EU; third, important examples of non-Member States in which EU law is applied (with and without their participation in the EU's decision-making process); and fourth, the situation of states under accession or secession procedures which obliges them to accept EU norms and policies even prior to/after formal membership. These analyses are complemented by a reflection on the concept of membership in itself. In a context in which EU enlargement appears likely, the provided analysis reflects on the need to expand and introduce several kinds of membership to the EU in the future.
The liber amicorum is a collection of 40 articles written by Polish, Russian, Belgian and French philologists about the themes of the jubilarian's interests and academic research: general linguistics, comparatism and etymology, relations between Poland and the World, modern Polish literature, Russian literature and culture (18-20th century). The contributions are representative for the varied horizon of historical, linguistic, literary and cultural interests of Prof. Skalmowski.