This survey states that the overall economic impact of EU enlargement is likely to remain small. The new EU member states are very small compared with the u0091oldu0092 EU countries and most economic integration has already taken place. The paper examines the reasons why only 42 per cent of the...

The new member states should not expect EU money to lead to miracles. The most important ingredients of catch-up growth are a stable macroeconomic framework; supply-side policies that help markets to adjust quickly; and a well-trained, flexible workforce. EU aid will only make a positive...