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