Eu Enlargement

The contributors to this volume discuss the lack of competitiveness of Eastern countries and their need for structural adjustment. The main issues considered are the problem of price convergence in integrated markets, the positive approach to foreign capital inflows, the problem of the current account deficit and the direction of strucural change. The book consists of a wide range of theoretical approaches—from supply-side to more demand-side orientations.

The contributors to this volume discuss the lack of competitiveness of Eastern countries and their need for structural adjustment. The main issues considered are the problem of price convergence in integrated markets, the positive approach to foreign capital inflows, the problem of the current account deficit and the direction of strucural change. The book consists of a wide range of theoretical approaches--from supply-side to more demand-side orientations.

Booknews

Studies the macroeconomic and structural adjustment burdens for new Eastern European member countries of the European Union (EU), rejecting the argument that an Eastern enlargement of the EU would be detrimental to current EU member countries. Takes a variety of perspectives, from supply-side to more demand-side-oriented approaches, discussing the lack of competitiveness of Eastern countries and their need for structural adjustment, and issues such as price convergence and foreign capital flows. Stems from a winter 1997 workshop organized by the Institute for Economic Research Halle. Annotation c. Book News, Inc., Portland, OR (booknew.com)

Hubert Gabrisch is Head of the Central and East European Division and Rüdiger Pohl is President of the Institute for Economic Research Halle.