This study explores the analysis of convergence process of EU countries. The analysis shall proceed through three steps. Firstly, we shall describe our position within the theoretical discourse about convergence theory. Then we shall move on to compare the indicators of monetary and fiscal...

The financial crisis in Europe has resulted in a new assessment of monetary and financial integration both in Europe and in Asia. Before the current crisis, regional integration in monetary and fiscal affairs including mechanisms to stabilize exchange rates enjoyed a lot of academic and...

After joining the EU in 1995, uncertainties over the future legal and administrative system remained latent. But there was also rising awareness of Austria's possibilities to influence the decision making processes in Brussels. The Austrian system of social partnership, based on centralized wage...

The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...

The Middle East was once seen as a medieval great globalized force. Nowadays it shows one of the lowest intra-regional trade in the world and therefore it is claimed that the region is poorly integrated. Yet, with the steady .ow of workers across national borders of the Middle East is this...

The central objective of this report is to identify the best forms of enhanced economic integration that could be pursued over the next 5-10 years between the EU and five of its important neighbour countries: Ukraine, Russia, Egypt, Morocco and Algeria. The report starts from reviewing existing...

This report looks at the prospects for economic integration between Ukraine and the European Union. It starts from presentation of the background of the EU-Ukraine relations and then carries a detailed assessment of implementation of selected economic articles of the EU-Ukraine Action Plan that...

Galvanized by the devastation of the Second World War, European countries achieved a historically unprecedented and unparalleled level of regional economic integration in the postwar period. Intensive cooperation between the two biggest powers of continental Western Europe, France, and Germany,...

This study assesses the speed of real convergence in ECOWAS using the Optimal Currency Area (OCA) theory to determine the readiness of member countries for a monetary union. The study leveraged on Bayoumi and Eichengreen (1996) and computed OCA indices utilizing both variables suggested by the...

Labor market integration raises welfare in the absence of distortions. This paper examines labor and goods market integration in a general equilibrium model with social capital. The findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if the goods produced...