The Economics and Policies of Integration - A Finnish Perspective reviews the expansion of the EU to EFTA, adopting the perspective of a small, open economy as it integrates further into the international division of labour and opens up to the free mobility of production factors, goods and...

Economic convergence of the new member states (NMS) of the EU towards the old EU countries (EU-15), not only in terms of real income, but also in nominal terms, is of paramount importance for the whole of the EU. We build a dynamic CGE model, starting from the Balassa-Samuelson two-sector...