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) - continues to shed labour. This implies impressive gains in labour productivity and, given the general wage restraint, in unit … productivity and quality improvements this danger is not imminent in most NMS yet. Still the exchange rate developments should be …
Persistent link: https://www.econbiz.de/10012100050
; quite an abrupt deterioration in industrial labour productivity; and real currency appreciation and a resulting strong rise …
Persistent link: https://www.econbiz.de/10012100056
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic...
Persistent link: https://www.econbiz.de/10012100061
productivity and downward pressure on wages from excess supply of labour. The expectation of sustained growth is supporting growth …
Persistent link: https://www.econbiz.de/10012100071
The 1st of May 2007 marked the third anniversary of the accession of the new member states (NMS) to the European Union the economic balance of the first three years is a clear success for the whole EU. Over the period 2001-2003 GDP in the NMS had increased by 3.1% per year on average; over the...
Persistent link: https://www.econbiz.de/10012100077