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...

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...

Turkey's economy situation report and outlook (by Josef Pöschl, Hermine Vidovic and Julia Wörz) Countries covered Turkey Topics Macroeconomic Analysis, Forecasts and Policy Turkish Straits as a chokepoint for energy transit (by Vasily Astrov) Countries covered Turkey, Russia Topics Energy...

The new EU members' competitiveness in trade in services (by J. Wörz, pp. 1-6) Countries covered Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia Topics International Trade and Competitiveness; Services A brief history of Poland's nominal...

A structural decomposition of international trade (by J.F. Francois and J. Wörz; pp. 1-7) Keywords international trade, trade intensity, manufacturing Countries covered EU, CEE, OECD, East Asia Topics International Trade, Competitiveness and FDI Migration, skills and productivity (by P. Huber...

Inflation, exchange rates and the real catch-up (by Leon Podkaminer) Specialization patterns in CEEC manufacturing (by Julia Wörz) Agriculture in transition countries in 2003 hit by the drought (by Zdenek Lukas) Selected monthly data on the economic situation in ten transition countries, 2002...

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...

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...

This paper explores the link between trade structure, trade specialization and per capita income growth. It is argued that industrial upgrading in export specialization patterns has a positive long-run growth effect, while the effect of structural change in industrial import patterns is in...

Recent developments in economic integration show rather diverse patterns of integration into the world economy. Some countries are remaining in the low-tech industries whereas other countries succeed in becoming competitive also in high-tech industries. In this paper we postulate that...