Closing the prosperity gaps across its members is a high priority of the European Union’s economic integration. Current evidence indicates that the newly admitted states in Central and Eastern Europe have robustly gained on the older EU members. But the difference between the richest and poorest of the original 12 nations is wider than it was at the inception of the euro. Economist Daniel Gros, writing in a dry prose style, offers a granular analysis of EU convergence prospects. getAbstract recommends this expert assessment to consultants and analysts.
In this summary, you will learn
- What goals the European Union has for economic integration,
- What convergence patterns emerged in a 2018 study and
- What the prospects are for future progress.
About the Author
Daniel Gros is the director of the Center for European Policy Studies.