Fifteen Years of Convergence: East-West Imbalance and What the EU Should Do About it

Andor, László (2019) Fifteen Years of Convergence: East-West Imbalance and What the EU Should Do About it. Intereconomics. Review of European Economic Policy . DOI

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The year 2019 marks the 15th anniversary of the Eastern EU enlargement that incorporated the Visegrád Four, the Baltic Three and Slovenia into the EU. But it also marks the 30th anniversary of the fall of the Berlin Wall and the great political transformation that paved the way for the German as well as the pan-European reunifi cation. After the transformational recession of the early 1990s, the region demonstrated strong growth potential that has been consolidated by EU membership. However, the EU accession of East-Central European countries resulted in an imbalanced Single Market in which the positions and strategies of Eastern members have to be scrutinised from the perspective of economic as well as social sustainability. In this article, I explore some key trends and point to some controversies. I argue that social convergence requires particular attention alongside economic convergence, and the decoupling of the two is a trend that should be a matter of concern. At the end, I highlight some ideas and initiatives in the context of East-West convergence policies.

Item Type:Article
Subjects:Economic development
International economics
ID Code:5341
Deposited By: Veronika Vitéz
Deposited On:07 Apr 2020 10:48
Last Modified:07 Apr 2020 10:48

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