This chapter offers a framework to analyse the impact of EU membership on economic ("means"), institutional ("ways") and social ("ends") convergence of EU11 countries to the frontier. It identifies the channels through which this impact works: trade, investment, finance, migration and...

In the first decade of EU membership, the Hungarian economy was unable to take advantage of the economic potential of the accession. The expansion of export markets and rapidly deepening financial integration opened up new growth opportunities, but the improved access to external financing...