We use cookies to personalise the web experience for you. By using www.helgilibrary.com, you agree to our use of cookies.
Some cookies are also used by Google Analytics, which anonymously tracks visitors and helps us to analyse how users use our website. Read more

Drivers of Convergence in Eleven Eastern European Countries

You might also find useful data from the Economy sector.

More data on Bulgaria.

This paper investigates the drivers of growth and prosperity in a group of eleven European countries— Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovenia, and Slovakia (the EU11). Since the EU11 began the transformation process, this group of emerging countries has made impressive strides as developing market economies and is anchoring development in European Union institutions.

There are reasons to believe that the convergence of EU11 income per capita to Western European levels will continue, but will proceed more slowly. The paper concludes that trade and financial integration have sped along at a spectacular pace in the EU11 in the recent past, although trade in modern services and the integration of government bond and equity markets are somewhat behind.

As in the rest of Europe, demographic developments will pose huge challenges for the sustainability of public finance in the EU11 economies. In the next several decades, the EU11 labor force is expected to contract more than labor forces in the rest of the European Union, making it even more urgent that countries in the region reform pension systems, change migration policy, and find incentives to attract talent to the region. Closing the gap with the rest of the European Union in educational attainment levels and improving education quality might significantly soften the constraints imposed by the demographic threats and produce sizable returns in terms of additional income convergence. 



Download the report.

from $199 /month

Buy annual subscriptions for all our products

Report of the Week

Helgi Library offers a free report per week to its registered users. Subscribe to receive our “Report of the Week” below.

August 14, 2012 World Bank

Related Reports

Report Date Country Sector Type
Bulgaria At A GlanceFeb 2013BulgariaEconomyCompany ReportDownload
Bulgarian Macro Round-UpJan 2013BulgariaEconomy
Fibertex Personal Care at a GlanceSep 2014DenmarkEconomyCompany ReportRegister
Fiberweb Ltd at a GlanceSep 2014United KingdomEconomyCompany ReportRegister
Polymer Group Inc. at a GlanceSep 2014USAEconomyCompany ReportRegister
Fibertex Nonwovens at a GlanceSep 2014DenmarkEconomyCompany ReportRegister
Providência Company at a GlanceSep 2014BrazilEconomyCompany ReportRegister
Sandler AG at a GlanceSep 2014GermanyEconomyCompany ReportRegister
Fibertex Personal Care in NumbersSep 2014DenmarkEconomyStatistical Dossier

Related Charts