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Lessons to be Learnt from Earlier Accessions1

In: Shaping the New Europe

Author

Listed:
  • Kazimierz Laski
  • Roman Römisch

Abstract

There is a vast body of literature on the topic of the EU’s eastward enlargement and the lessons that the five accession countries in Central and Eastern Europe (the Czech Republic, Hungary, Poland, Slovenia and Slovakia) can learn from the experience of the four cohesion countries (Ireland, Greece, Portugal and Spain).2 At the centre of these investigations are the supply-side effects of enlargement, mostly in a general equilibrium type of analysis. As a rule they neglect demand-side effects, although supply and demand are the two poles of every economic process. This chapter will take a more balanced approach in respect of capital inflows, especially foreign direct investment (FDI). Thus the first question to be addressed is the influence of capital inflows on the size of GDP and the external position of the cohesion countries. The second question is only indirectly related to the first and deals with the impact of EU accession on the growth of the cohesion countries and their convergence with the EU average. In both cases we shall look for conclusions that can be drawn with regard to the accession countries.

Suggested Citation

  • Kazimierz Laski & Roman Römisch, 2004. "Lessons to be Learnt from Earlier Accessions1," Palgrave Macmillan Books, in: Michael A Landesmann & Dariusz K Rosati (ed.), Shaping the New Europe, chapter 8, pages 219-245, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-52369-2_9
    DOI: 10.1057/9780230523692_9
    as

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