TY  - BOOK
AU  - Grieveson,Richard
AU  - Gutzianas,Ioannis
AU  - Jovanović,Branimir
AU  - Landesmann,Michael
AU  - Pindyuk,Olga
TI  - Another Round of EU Enlargement:  What are the economic and institutional must-haves for candidate countries to make accelerated enlargement possible?
T2  - wiiw Policy Notes and Reports
PY  - 2025///
CY  - Wien
PB  - Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
KW  - EU Enlargement
KW  - EU Accession
KW  - Candidate Countries
KW  - Ukraine
KW  - Western Balkans
KW  - Bulgaria
KW  - Croatia
KW  - Montenegro
KW  - Romania
KW  - Serbia
N2  - 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

UR  - https://wiiw.ac.at/p-7468.html
ER  -