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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
 D      D
CI ,   CA   ag. output in developed country


            Labour per unit of industrial or
 L      L
CI ,   CA    ag. output in Less Developed
                        country


  D ,L         Quantity of output in Ag./
Q I ,A        Industry in Developed/Less
                      Developed
Next Week
            International Trade,
                Tariffs, and
               Globalisation
                        Read
            Shaikh, Anwar, Globalization and
                the Myth of Free Trade

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EC4333 Lecture 10