INSTITUTE FOR WORLD ECONOMICS
HUNGARIAN ACADEMY OF SCIENCES
W o r k i n g P a p e r s
No. 151 … Mediterranean economies into
the EU, the world’s biggest trade bloc. It
happened at a time when the EU faced
many difficulties … FDI, ‘imitation’
etc.). Neither helps explain the con-
vergence process in the modern
world.
Tondl and
Vuksic
(2003 …