With the growth of competition due to globalization and continued process of EU enlargement, economic diversification is a topic of increasing interest in the Euro-Med region for promoting economic growth and stability. There are two competing hypotheses. One hypothesis argues that in a...

In May 2004, ten countries joined the European Union. Most of these countries that are located in the central and eastern part of Europe have different historical background and economic structure, compared to the older EU members. One of the pertinent issues of EU Accession is the economic...