Almost all non-EU CESEE countries have converged with Western Europe over the past three decades. However, the pace of convergence has been mixed. For non-EU CESEE countries as a whole, convergence has generally developed at a slower pace than for EU member states in the region.Econometrically,...

We discuss past performance and future challenges for the countries of Central and Eastern Europe (CEE). We highlight the successful convergence process of those countries, not least thanks to their integration into European and global value chains. As the external environment changes, so...