March 3, 2020 from 12:00-1:00 pm
(Q&A until 1:30 pm)
Room: C4C S350 (Seating limited to 30)
The accession of the central-eastern European countries to the EU brought about one of the fastest convergences of middle-income countries in the world. Trade has increased rapidly making these countries the most open economies in the world. At the same time, the great recession that started in 2008 accelerated further the divergence of the southern European countries. Their income levels relative to the richest countries have been declining and their share in world trade has been reduced. We shall discuss the forces behind these opposing trends and their implications for economic and social developments in the EU.