Studies in Economic Transition: Currencies, Prices, Investment and Competitiveness

Gabrisch, H.; Pohl, R.

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.

Details

Published by: Palgrave Macmillan

Publication Date: 1999-04-11

Format: Hardcover

ISBN-13: 9780312220402

DOI: 10.1057/9780230502475

Dimensions: 216cm x140cm

Pages: 227