Dauderstädt, Michael - In: Intereconomics 56 (2021) 2, pp. 120-126
Over the last two decades, income disparities between EU member states tended to decline, particularly before the … financial crisis. While Central and Eastern Europe caught up with the EU average, Southern Europe fell behind after 2009. Catch …-up growth in both peripheries relied on nominal convergence (real appreciation) and foreign capital. Further growth can and …