ABSTRACT
The 1990s was the decade of market making in both parts of Europe. This was the decade of the radical extension of the internal market and the creation of the conditions for the European Monetary Union in the Western part of Europe. This was also the decade in which the former communist countries undertook to transform their economies, to create functioning market economies, and, as of the second half of the decade, to build up the conditions for entry into the EU internal market. Market making in the former communist countries was influenced in several ways by the other part of Europe. In undertaking to transform their economies, the political elite in these countries used the ideology of 'Europeanisation' extensively, and the promise of potential EU accession played a considerable role in shaping political cleavages and the political agenda within these countries. As of the early 1990s, the EU also played a considerable role in setting the criteria for Europeanisation in the economic transformation for these countries, and actively participated in building up capacities to meet these criteria.
