02918nam a22004457u 4500 pwiiw7468 OSt 20260516120039.0 251117t2025 au ||||| |||| 00| ||eng d OSt eng F02 F15 F55 P52 O52 jelc Grieveson, Richard Another Round of EU Enlargement: What are the economic and institutional must-haves for candidate countries to make accelerated enlargement possible? Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2025. 104 S., 2 Tables and 63 Figures, 30cm. wiiw Policy Notes and Reports 102 This study identifies the minimum economic and institutional conditions that candidate countries must meet to ensure macroeconomic stability, sustainable growth, and effective integration into the EU, under a politically accelerated enlargement process. In the area of external accounts, successful past accessions managed current account deficits through FDI into tradable sectors, while real effective exchange rate misalignments and FDI into non-tradables led to post-accession instability. Key reforms include building export capacity, targeting FDI to tradables, aligning wages with productivity, and reducing debt-financed imbalances. On fiscal policy, while fiscal discipline is essential, overly conservative approaches can hinder growth. Countries with high debt-to-GDP ratios at accession faced prolonged austerity. Reforms should focus on fiscal sustainability, growth-oriented spending, tax base expansion, and procurement transparency. Labour market challenges include depopulation, low productivity, and high poverty. Effective employment policies, migration strategies, regional equity, and education-labour market alignment are essential. Institutional quality remains a critical barrier. Weak rule of law, corruption, and governance backsliding threaten accession prospects and must be addressed before accession. The study concludes that a focused set of pre-accession ‘must haves’ can guide enlargement, supported by adapted EU tools to mitigate risks and foster convergence. EU Enlargement EU Accession Candidate Countries Ukraine Western Balkans Bulgaria Croatia Montenegro Romania Serbia Ukraine Macroeconomic Analysis and Policy Labour, Migration and Income Distribution International Trade, Competitiveness and FDI Gutzianas, Ioannis Jovanović, Branimir Landesmann, Michael Pindyuk, Olga 102 WIIW0000092 wiiw Policy Notes and Reports https://wiiw.ac.at/p-7468.html P 9150 9150 0 0 0 0 BIB BIB 1 2025-11-17 pwiiw7468 0 102 1000010007468 2025-11-17 00:00:00 2025-11-17 P