EC4333 Lecture 10

Lecture 10

Political Economy of Enlargement

Pimp my Trabant?

EU Law a base for Comp. Policy?

Confusing Issues

Can’t get in?New Entrants

Country Level of Development Industry as % of GDP

Bulgaria m 59

Czech R. h 59

Estonia h 44

Poland m 52

Slovakia m 58

Slovenia h 44

Source: Estrin & Holmes, table 1.1, pg 14, adapted

(core-periphery arguments)

Yes, that was a crap joke

Convergence vs. Divergence

Stiglitz & Greenwald Model

Labour per unit of industrial or ag. output in developed country C D

I , C DA

C LI , C L

ALabour per unit of industrial or ag. output in Less Developed

country

Quantity of output in Ag./Industry in Developed/Less

DevelopedQ D , L

I , A

Next WeekInternational Trade,

Tariffs, and Globalisation

Read Shaikh, Anwar, Globalization and

the Myth of Free Trade