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Political and Economic Dimensions of the European Union Expansion

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A mixture of political and economic reasons in support of what eventually came to be known as European Union (EU) were also evident in its recent expansion. Under the politico-military umbrella of NATO , the principles of capitalism were strengthened in Europe, and by extension the interests of the U.S. were promoted. The future economic benefits of new EU members are hypothesized to be determined by their structural preparedness to boost their investment and stimulate their export orientation. Causality tests produced mixed results, with some countries exhibiting signs of readiness to take advantage of the new conditions, as others were found in need of time and generous assistance before they modernize their economies.

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  • Serletis, Apostolos & Afxentiou , Panos & Yavari, Kazem, 2003. "Political and Economic Dimensions of the European Union Expansion," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 56(3), pages 383-396.
    • Handle: RePEc:ris:ecoint:0157
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    More about this item

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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