ABSTRACT

The Economies of European Union Small Member and Candidate States deals with the small states and candidate states of the EU, with a focus on their economic structure and performance, and the impact of EU membership (past, actual and potential) on the economy. The small states to be covered are those with a population of 3 million or less, namely: Cyprus, Estonia, Iceland, Latvia, Lithuania, Luxembourg, Malta, Macedonia, Montenegro  and Slovenia.

This title adds to the literature on the EU, on regional integration generally and on small states. It delves into the special constraints of small economic size, and examines why and how the small states of Europe manage to compete, albeit not without difficulty, with the larger states in the block, where free trade prevails.

The book answers the following research questions:

  1. What are the special economic development constraints faced by the small states of the EU?
  2. What policy options have been used by, or are available to, these small states to address these constraints?
  3. How can the economic resilience and competitiveness of these states be enhanced?
  4. Has EU membership been mostly advantageous for these small states?
  5. What are the economic prospects for these states as EU member states?

The book is aimed primarily for students of EU affairs and of regional integration in general. It will also be useful for students of subjects relating to small states. It may also appeal to policy makers of small states, and to officials of international and regional organisations that have a constituency that includes small states.

chapter |27 pages

Introduction

Small states and the European Union

chapter |22 pages

Cyprus

From an economic miracle to a systemic collapse and its aftermath

chapter |18 pages

The Estonian economy

Structure, performance and prospects 1

chapter |19 pages

Iceland and the challenge of European integration

Is European Union membership feasible?

chapter |18 pages

The Maltese Economy

Structure, performance and European Union membership

chapter |19 pages

Montenegro

A small economy on the road to European Union membership

chapter |19 pages

The Slovenian economy

The road to European Union accession, the crisis and beyond