Table of Contents

Economic Convergence and Divergence in Europe

Economic Convergence and Divergence in Europe

Growth and Regional Development in an Enlarged European Union

Edited by Gertrude Tumpel-Gugerell and Peter Mooslechner

This highly topical book addresses the challenge of economic convergence within Europe, beginning with a thorough review of the theory of growth and related empirical research. Historical and more recent economic developments within the present EU and current accession countries are discussed, along with the design for the process of further integration of accession countries into the EU and the Euro area. Moreover, the potential to achieve a sustainable catch-up process in Western Balkan countries, the Ukraine and Russia is explored, focusing on the task facing the EU in designing proper policies vis-à-vis these countries. The contributors’ varied perspectives ensure that the theories and policies postulated are linked closely with the actual situation in accession countries and offer up-to-date insights.

Preface

Edited by Gertrude Tumpel-Gugerell and Peter Mooslechner

Subjects: economics and finance, regional economics, urban and regional studies, regional economics

Extract

Gertrude Tumpel-Gugerell This volume comes out of the Oesterreichische Nationalbank’s East–West Conference 2001 which took place in Vienna from 4 to 6 November and was entitled ‘Convergence and Divergence in Europe’. Experience with convergence and divergence in the European Union as well as the challenges raised by the convergence of Central and Eastern European countries with the European Union are central to this volume. The chapters focus not only on convergence at the country level, but also deal with the development of regions within individual countries. The Introduction sketches important issues illuminating the background to this volume. The income-per-capita levels of the Central and Eastern European countries are generally far lower than those in the European Union and at the same time far from homogeneous among these countries themselves. Moreover, in recent years real growth rates in the accession countries have stood at relatively moderate levels; unemployment rates are still high or have increased even further in some countries. It is stated that economic policy should aim at fostering real growth in a stability-oriented environment and warned against premature efforts to comply with the Maastricht nominal convergence criteria. Part I starts with an overview of the history of convergence and divergence in Europe, by Ivan T. Berend. The author stresses that, as a result of the industrial revolution, the gap between the locomotive-driven cores and horse-driven trudging peripheries widened tremendously during the first 60 years of the nineteenth century. After eradicating illiteracy, Scandinavia was the only former peripheral...