MACMILLAN EU Enlargement and its Macroeconomic Effects in Eastern Europe: Currencies, Prices, Investment and Competitiveness (Studies in Economic Transition)

What will joining the EU mean for the new Eastern member states and their economies? This book offers a detailed study of the macroeconomic and structural adjustment burden. It envisages a real currency appreciation stemming from price convergence, capital inflows and weak structural change. The widespread belief that an Eastern enlargement of the Union would be overwhelmingly to the detriment of the present EU (budgetary costs, locational decisions, trade deficits) is rejected. The authors discuss the lack of competitiveness of Eastern countries and their need for structural adjustments (in the financial sector, in agriculture, and in manufacturing) in order for them to survive and thrive in their new economic environment. Review 'This book reads well and provides interesting theoretical and empirical material on possible consequences of future enlargement. ' - Dariusz Rosati, National Bank of Poland 'This valuable collection of papers makes a real contribution in edging the enlargement debate towards relatively under-played considerations. It asks us to reconsider the funamental issue of whether it is economically sensible for CEECs to be steering a course almost on automatic pilot towards Brussels and the acquis.' - George Blazyca, European Foreign Affairs About the Author KLAUS FROHBERG Executive Director of the Institute of Agricultural Development in Central and Eastern Europe (IAMO), Halle/Saale, Germany MONIKA HARTMANN Head of the Division of Agricultural Markets, Marketing and World Agricultural Trade at the Institute of Agricultural Development in Central And Eastern Europe (IAMO) in Halle/Saale, Germany JENS HÖLSCHER DAAD Senior Research Fellow and Co-ordinator of Economic Research, Institute for German Studies of the University of Birmingham KAZIMIERZ LASKI Professor Emeritus of Economics at the University of Linz, Austria CLAUDIA LÖHNIG Research Associate at the Leipzig Graduate School of Management LUCJAN ORLOWSKI Professor of Economics and International Finance at Sacred Heart University in Fairfield WITOLD ORLOWSKI Deputy Director of the Research Institute of the Central Statistical Office in Warsaw LEON PODKAMINER Vienna Institute for Comparative Economic Studies (WIIW) JOHANNES STEPHAN Research Fellow at the Institute for Economic Research Halle (IWH)