Following the collapse of the CMEA, the foreign trade of the countries of Central and Eastern Europe declined drastically with dire consequences for output, incomes and employment in these countries. What options do the former CMEA members have for revitalizing their foreign trade? What...

The lockdowns and stimulus programmes that governments have adopted to fight the COVID-19 pandemic and the associated economic crisis have affected the distribution of income and production within and between countries. Considering both, current evidence indicates that the EU-wide and global...

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...

The debate on international competitiveness in recent years has increasingly focused on the structure of society. International competitiveness is seen not merely as a sign of a country’s productive capacity, but also as reflecting the efficiency of its social and political structures. The...

Many experts expect Portugal's and Spain's integration into the EC to have a basically negative effect on their economies. Positive effects are expected essentially to be a result of the EC's aid programmes. An indication as to how far the aid will in fact help to promote adjustment and...