Premium
Economic Integration and Convergence Processes in the EU Cohesion Countries
Author(s) -
BARRY FRANK
Publication year - 2003
Publication title -
jcms: journal of common market studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.54
H-Index - 90
eISSN - 1468-5965
pISSN - 0021-9886
DOI - 10.1111/j.1468-5965.2003.00468.x
Subject(s) - cohesion (chemistry) , convergence (economics) , economics , order (exchange) , economic system , economic integration , international economics , macroeconomics , development economics , economic policy , economic geography , finance , chemistry , organic chemistry
This article compares the economic performance of the EU cohesion countries—Greece, Spain, Portugal and Ireland — from 1960 to the present, in order to identify the processes that have promoted or inhibited real convergence prospects at various points in time. The likely impacts of EMU in strengthening or weakening these processes are then analysed. Amongst the factors studied are labour‐market performance, macroeconomic stability and the efficacy of microeconomic policy‐making.