By Stanley W. Black
Of their transition from the legacy of Communism, vital and jap ecu international locations (CEECs) are searching for to minimize the source of revenue hole that continues to be the main barrier to complete ecu integration. The essays during this quantity derive from a convention held on the American Institute for modern German stories in Washington, DC, on might 15-16, 1995, and current normal equilibrium calculations of the realm vast results of alternate liberalization among CEECs and the ecu Union (EU) on genuine wages and welfare; research of alternate in "sensitive" sectors; and size of Germany's function within the transition.
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Extra resources for Europe's Economy Looks East: Implications for Germany and the European Union
Restricted or partial membership, as well as variable geometry, could save money on the CAP, but if applied to as important a field as agriculture, it represents a significant limitation on the "core" freedoms of the EU Treaty: free trade in goods and services, free movement of labor and capital. Membership in the EEA would guarantee the four freedoms and removal of trade barriers except in agriculture and would leave the CEECs out of the Regional and Structural Funds. While again a money-saver, the EEA offers no political or security benefits to the CEECs and limits their growth prospects by excluding them from important economic gains.
Mfrs. 2 Mining, Quarrying 4 Utilities 5 Construction 6 Wholesale Trade 7 Transportation 8 Financial Services 9 Personal Services Total Source: CEC data base. Output (Mill. $) Labor (000) Imports (Mill. 01 16 922 51 38 D. Brown, A. Deardorff, S. Djankov, and R. Stern Fixed relative wages. While the economy-wide wage in each country is permitted to adjust so as to maintain full employment, the wages across sectors are held fixed relative to one another. ) Fixed labor supply. The total labor supply in each country is assumed to be held fixed in the analysis.
Prod. 362 Glass Products 371 Iron, Steel 372 Nonferrous Metals 381 Metal Products 382 Nonelec. Machinery 383 Electrical Machinery 384 Transport Equipment 38A Misc. Mfrs. 2 Mining, Quarrying 4 Utilities 5 Construction 6 Wholesale Trade 7 Transportation 8 Financial Services 9 Personal Services Total Source: CEC data base. Output (Mill. $) Labor (000) Imports (Mill. 25 102 14S SO 8 029 84 17 m. 19 Exports (Mill. 2. Hungary: basic data, 1992 Sector 1 Agriculture 310 Food 321 Textiles 322 Clothing 323 Leather Products 324 Footwear 331 Wood Products 332 Furniture, Fixtures 341 Paper Products 342 Printing, Publishing 35A Chemicals 35B Petroleum Products 355 Rubber Products 36A Nonmetal Min.