The 2004 EU enlargement will most likely yield major benefits to the new member countries in the long run. The new members will be able to capture gains from trade in goods and services and will moreover benefit from a continued inflow of financial and real capital. Without doubt, these...

Relocation or delocalisation – derived from the French ‘délocalisation’ – is a hotly debated topic; it refers to the migration of jobs and production to other parts of the world, mostly poor(er) developing countries. The debate is fuelled by the perception that relocation has become more...