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European Eastern Enlargement as Europe's Attempted Economic Suicide?

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  • Erik S. Reinert
  • Rainer Kattel

Abstract

We argue that the process of European economic integration has made a qualitative shift: from a Listian symmetrical economic integration to an integrative and asymmetrical integration. This shift started in the early 1990s with the integration of the former Soviet economies into the economies of Europe and the world as a whole, reached its climax with the Eastern enlargement of the Union in 2004, and now forms the foundation of the renewed Lisbon Strategy. This change is measurably threatening European welfare: the economic periphery in the first instance, and potentially the core countries as well. Two parallel processes aggravate this development: the timing of the enlargement at this particular phase of the evolving techno-economic paradigm; and the creation of the European Monetary Union along the so-called Maastricht route towards convergence and fiscal stability.

Suggested Citation

  • Erik S. Reinert & Rainer Kattel, 2007. "European Eastern Enlargement as Europe's Attempted Economic Suicide?," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 14, TUT Ragnar Nurkse Department of Innovation and Governance.
    • Handle: RePEc:tth:wpaper:14
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    1. Mario Cimoli & Nelson Correa, 2002. "Trade Openess and Technological Gaps in Latin America: a Low Growth Trap," LEM Papers Series 2002/14, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
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    5. Eckhard Hein & Achim Truger, 2005. "Macroeconomic policies, wage developments, and Germany’s stagnation," Macroeconomics 0508015, University Library of Munich, Germany.
    6. Reinert, Erik S., 2006. "The Economics of Reindeer Herding: Saami Entrepreneurship between Cyclical Sustainability and the Powers of State and Oligopolies," MPRA Paper 49798, University Library of Munich, Germany.
    7. Carlota Perez, 2002. "Technological Revolutions and Financial Capital," Books, Edward Elgar Publishing, number 2640.
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    Cited by:

    1. Kaczmarczyk, Patrick, 2020. "Growth models and the footprint of transnational capital," MaxPo Discussion Paper Series 20/2, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    2. repec:spo:wpmain:info:hdl:2441/48v6dshhlh9r2blvjpak2prpav is not listed on IDEAS
    3. Egert Juuse, 2015. "“Latin Americanization” of the Estonian economy: institutional analysis of financial fragility and the financialization process," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 38(3), pages 399-425, October.
    4. Egert Juuse & Rainer Kattel, 2014. "Financialisation and the Financial and Economic Crises: The Case of Estonia," FESSUD studies fstudy20, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    5. Reinert, Erik S., 2012. "Neo-classical economics: A trail of economic destruction since the 1970s," MPRA Paper 47910, University Library of Munich, Germany.
    6. Kuc‑Czarnecka, Marta & Saltelli, Andrea & Olczyk, Magdalena & Reinert, Erik, 2021. "The opening of Central and Eastern European countries to free trade: A critical assessment," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 23-34.
    7. repec:hal:spmain:info:hdl:2441/48v6dshhlh9r2blvjpak2prpav is not listed on IDEAS
    8. Kalvet, Tarmo, 2009. "Innovation Policy and Development in the ICT Paradigm: Regional and Theoretical Perspectives," MPRA Paper 19387, University Library of Munich, Germany.
    9. Patrick Kaczmarczyk, 2020. "Growth Models and the Footprint of Transnational Capital," Working Papers hal-03471320, HAL.

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