Overview

"In May 2004 the European Union will undergo the largest expansion in its history when ten countries - Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia - - become members. The number of new members and their diversity make this ""big bang"" enlargement particularly challenging. Not only do these countries vary widely in language, culture, and geography, but also their per capita income is less than half that of existing members. EU officials believe that expanded integration will serve the EU's objectives of peace, stability, prosperity, and democracy; but the less abstract questions of costs and benefits of enlargement are more complex. Each of the chapters in this CESifo volume addresses a different aspect of EU expansion. The contributors, all leading international practitioners and scholars, consider such topics as the effect of euro zone expansion on European Central Bank monetary policy making; using the euro as an external anchor for a national currency; worker migration and income differentials; the Swiss experience with immigration policy in a direct democracy framework; detailed sector analysis using a computable general equilibrium model of the world economy; investment and job creation and destruction in incumbent member countries; and the asymmetric effects of enlargement on high- and low- income incumbent countries. Taken together, the chapters provide useful guidance in shaping the EU policies of the future."

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9780262025614

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Reviews

"""This very topical collection of top-notch essays is a must-read for all interested in the challenges and opportunities provided by the EU enlargement process."" Holger C. Wolf, Center for German and European Studies, School of Foreign Service, Georgetown University ""This very topical collection of top-notch essays is a must-read for all interested in the challenges and opoportunities provided by the EU enlargement process""--Holger C. Wolf, Center for German and European Studies, School of Foreign Service, Georgetown University"

This very topical collection of top-notch essays is a must-read for all interested in the challenges and opportunities provided by the EU enlargement process. --Holger C. Wolf, Center for German and European Studies, School of Foreign Service, Georgetown University

Author Information

Helge Berger is Professor and Chair of Monetary Economics at Free University Berlin and coeditor of Managing EU Enlargement (MIT Press, 2004). Thomas Moutos is Professor of Economics at the Athens University of Economics and Business and a CESifo Research Fellow.

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