Europe's Economy Looks East: Implications for Germany and the European Union
Cambridge University Press, 6/12/1997
EAN 9780521572422, ISBN10: 0521572428
Hardcover, 382 pages, 22.9 x 15.2 x 2.2 cm
Language: English
In their transition from the legacy of Communism, Central and Eastern European countries (CEECs) are seeking to reduce the income gap that remains the major barrier to full European integration. The essays in this 1997 volume derive from a conference held at the American Institute for Contemporary German Studies in Washington DC, on May 15–16 1995, and present general equilibrium calculations of the world wide effects of trade liberalization between CEECs and the European Union (EU) on real wages and welfare; analysis of trade in 'sensitive' sectors; and measurement of Germany's role in the transition. Simulations analyse the effects of CEEC macroeconomic policies on the transition process. Other essays examine the effects of privatization, labour migration from the East, and alternative approaches to integration of CEECs into the EU, including quick entry, variable geometry and free trade area. Economists and policy-makers will value the collection's innovative quantitative assessments and presentation of distinct alternatives.
1. Introduction Stanley Black
Part I. Trade Relations
2. An economic assessment of the integration of Czechoslovakia, Hungary, and Poland into the European Union Drusilla Brown, Alan Deardorff, Simeon Djankov and Robert Stern
Comments J. David Richardson and L. Alan Winters
3. Potential trade with core and periphery
industry differences in trade patterns Hari Vittas and Paulo Mauro
Comment Susan M. Collins
4. Impact on German trade of increased division of labor with Eastern Europe Dieter Schumacher
Comments Wolfgang Maennig and Ellen Meade
Part II. Investment Patterns
5. Investment and its financing during the transition in Central and Eastern Europe Stanley Black and Mathias Moersch
Comments Holger Wolf and Douglas Todd
6. Privatization, structural change and productivity
towards convergence in Europe? Paul J. J. Welfens
Comments Bruce Kogut and Jan Mládek
Part III. Labor Market Issues
7. Integrating the East
the labor market effects of immigration Thomas Bauer and Klaus Zimmerman
Comments Barry Bosworth and Robert LaLonde
Part IV. The Process of Integration
8. Joining the club
options for integrating Central and Eastern Countries into the European Union Michael Koop
Comments Barry Eichengreen and Hans-Jürgen Vosgerau
Index.