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Overcoming ‘Economic Backwardness’ in the E uropean U nion
Author(s) -
Epstein Rachel A.
Publication year - 2014
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/jcms.12078
Subject(s) - backwardness , communism , politics , democracy , convergence (economics) , political science , economic history , development economics , economics , economy , political economy , economic growth , law
Long before the cold war and the I ron C urtain's construction, the E uropean continent was marked by a developmental divide in which the east suffered relative economic deprivation compared to the west. This article revisits the sources of ‘economic backwardness’ in eastern E urope and asks whether post‐communist states' membership in the E uropean U nion ( EU ) upends the earlier structural conditions that had traditionally prevented east–west economic convergence. The article finds that while there is more economic opportunity for post‐communist states in the EU than outside it, EU membership does not subvert the major drivers of the developmental divide. EU membership does, however, limit economic volatility for the N ew M ember S tates ( NMS ), which, in historical perspective, is a boon for eastern populations and stabilizing for democratic politics.