Short-Term Gains Versus Long-Term Challenges

RESEARCH - An Article By Michael Deppler and Jerald Schiff, Director and Division Chief, European I Department, International Monetary Fund, Public Service Review: Accession States, 25 July.

For the 10 countries poised to accede to the EU, the event will mark the culmination of a dramatic transformation from central planning to market-oriented economies. Membership in the EU and the euro in turn holds out the promise of an extended period of rapid real growth as these countries catch up with

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