The accession of ten new members to the European Union on May 1st 2004 is among the most significant developments in the history of European integration. Based upon studies conducted by the European Forecasting Network, this book analyses key aspects of the impact of this recent enlargement with...

A bi-directional relationship between FDI and economic reforms in ten Central European countries is tested, along with the role of the EU in breaking a potential vicious circle of insecurity, little investment, slow reforms, low prospects of EU membership and hence high insecurity. Using panel...