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Recoge : 1. Introductory session. - 2. Past convergence within the European Union. - 3. Accesion countries : achievements in real convergence. - 4. Accesion countries : how to balance real and nominal convergence challenges for monetary and exchange rate policy. - 5. Does the financial sector contribute to real growth? - 6. Is there somebody left out in the cold? prospects of CEE countries other than current accesion countries. - 7. Policy challenges within the (enlarged) EU : how to foster economic convergence?
Written by an economist who is spezialized in growth theory and also an expert on European Integration, the book looks at economic growth of EU regions from a theoretical as well as an empirical perspective. It settles the issue in the context of EU integration and the EU ́s cohesion problem and provides systematic, analytical growth theory arguments with respect to EU regional development. This approach differs from the common view of the literature, which stresses regional development theories and regional policies when looking at EU regional problems. The volume provides unique, rich empirical evidence of European regional problems and growth patterns and investigates growth and convergence of EU regions with the latest econometric panel data methods. It offers new insights both for growth researchers and regional economists interested in developments in the European Union.
This title was first published in 2003. This work intends to make an important and interesting contribution to the wider debate on European regional development. It looks beyond the confines of the EU proper and combines interesting and relevant case studies from a broader pan-European perspective. Also, the approaches adopted are informed by a variety of theoretical positions. By addressing the changing roles of SMEs in different regions of Eastern Europe, readers should gain insights into the different dimensions of SME development and the link between SMEs and regional growth.
Wirtschaftskraft, Einkommen und Beschäftigung klaffen innerhalb der Europäischen Union (EU) weit auseinander - sowohl innerhalb als auch zwischen den Mitgliedsstaaten. Der Abbau dieses Gefälles ist das erklärte politische Ziel auf europäischer wie nationaler Ebene. Obwohl sich die ökonomische Regionalforschung dieses Themas angenommen hat, liegen bislang kaum gesicherte Erkenntnisse darüber vor, inwieweit die Osterweiterung und die ökonomische Integration der EU die Entwicklung der regionalen Disparitäten beeinflussen. Zudem ist weitgehend ungeklärt, inwiefern und warum sich die Beschäftigungsentwicklung in verschiedenen Qualifikationsniveaus regional unterscheidet. Gestützt auf eine breite Datenbasis und ökonometrische Analysen leistet Friso Schlittes Buch einen wichtigen Beitrag, um diese Forschungslücken zu schließen. Publikationssprache: Englisch
The introduction of the single currency in the European economic space constitutes without doubt the most visible step towards monetary and economic integration in the EU. Those who boosted the birth of the Common Market in 1957 dreamt that this would one day come about as a logical consequence of the integration process. However, things have gone much more slowly than possibly imagined, although if taken in an adequate historic perspective, it is undeniable that the agreements that have led to European Monetary Union signify a really formidable jump in the process of political and economic integration in Europe. This is something many doubted would ever happen, but which is already a reality, although still in need of a period of consolidation. The most general economic consequences of the EMU have already been analysed in considerable depth. Proof of this is the literature already available. In general, there is coincidence in affirming that the balance of the results expected is clearly positive. Firstly, as a result of the anticipated gains in efficiency, a consequence of reduction of transaction costs associated to the previous existence of different currencies and of the elimination of exchange rate uncertainties.
European Regional Growth is the result of three major influences. First, the ongoing integration of the European regional economies and the need to understand what this means for European economic and social cohesion. Second, the development of geo-economic theories. Third, the development of techniques of spatial data analysis, simulation, data visualization and spatial econometrics. The outcome is a collection of chapters that apply these methods, motivated by a variety of theoretical positions. The book provides powerful and detailed analyses of the causes of income, productivity and employment variations across Europe's regions, and insights into their future prospects.
A fascinating insight into how regional organizations in Europe and East Asia are currently grappling with a striking number of essentially similar challenges. This issue-based overview of political integration focuses on the differences and similarities in regional integration levels and processes in the two regions, to examine how the long-term future, role and impact of organizations such as the EU and ASEAN may depend heavily on how well they deal with complex and conflict-laden issues in the next few years. This volume analyzes the historical development, current state and prospective future evolution of political integration in the two regions. These leading authors identify key variables that account for the contrasting political integration levels, clearly demonstrating and explaining why the rhythm of integration in both regions varies. With contributions from both Asian and European scholars on each topic, this book delivers: comparative rather than a single region focus breakdowns of regional integration into key issue areas analysis of monetary cooperation and integration incisive assessments of institutional reform key topics of enlargement, including: identity, distributional equity, the distribution of power and effectiveness or decision-making efficiency discussion of regional and international security crises expert scholarship from both European and Asian perspectives This volume will be of great interest to students and scholars of IPE, international relations, political science, contemporary history and European studies and Asian studies.
This new monograph provides a stimulating new take on hotly contested topics in world modernization and the globalizing economy. It begins by situating what is called the Great Divergence--the social/technological revolution that led European nations to outpace the early dominance of Asia--in historical context over centuries. This is contrasted with an equally powerful Great Convergence, the recent economic and technological expansion taking place in Third World nations and characterized by narrowing inequity among nations. They are seen here as two phases of an inevitable global process, centuries in the making, with the potential for both positive and negative results. This sophisticated presentation examines: Why the developing world is growing more rapidly than the developed world. How this development began occurring under the Western world's radar. How former colonies of major powers grew to drive the world's economy. Why so many Western economists have been slow to recognize the Great Convergence. The increasing risk of geopolitical instability. Why the world is likely to find itself without an absolute leader after the end of the American hegemony A work of rare scope, Great Divergence and Great Convergence gives sociologists, global economists, demographers, and global historians a deeper understanding of the broader movement of social and economic history, combined with a long view of history as it is currently being made; it also offers some thrilling forecasts for global development in the forthcoming decades.
After a description of the new forms of globalization currently shaping our world, and of their possible spatial effects, the book highlights which European regions have in the past succeeded in taking advantage of globalization trends and identifies the major reasons for their success. The book also offers a prospective analysis utilizing scenarios based on different assumptions of how globalization trends will develop, identifying the regional winners and losers for each scenario. The analysis greatly benefits from a unique database which contains, among others, data on FDI by sector and professions at the regional Nuts-2 level for all 27 EU countries. A time-span of more than 10 years is covered, and scenarios are developed for the future development up to 2020.
Unequal distribution of income is one of the most important socio-economic issues. The processes of globalisation and integration are accelerating economic growth; however, at the same time, imbalances between regions are growing. Reducing inequalities within regions and national economies, as well as around the world, is important for individual and societal well-being and cohesion, and for effective state policies. This book investigates the problem of left-behind regions in the European Union (EU). It first introduces the reader to the theories of regional imbalances and problems with measuring them. It then explores imbalances in the EU using a variety of indicators and describes the EU’s regional policy for reducing regional disparities. It uses an empirical shift-share analysis to assess the productivity of EU regions which are lagging behind. The book also provides an empirical analysis of the effectiveness of EU funds in increasing labour productivity performed with DEA methodology. This book can be used as a teaching resource for undergraduate and postgraduate students and can serve as reference material for academics and researchers, as well as policymakers at the European, national and local levels.