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  • Сходства и отличия процесса расширения ЕС и переходного процесса: Роль Общеевропейского законодательства (Acquis Communautaire) в институциональном развитии стран с переходной экономикой

Working paper

Сходства и отличия процесса расширения ЕС и переходного процесса: Роль Общеевропейского законодательства (Acquis Communautaire) в институциональном развитии стран с переходной экономикой

Babetskaia-Kukharchuk O.
Institutional development tends to converge to several equilibriums differentiating by the level of development. Institutions external to a country, can help this country to find a “right” equilibrium. CEECs countries on average have institutional performance and economic development below the EU15 average. By choosing the Acquis Communautaire as external anchor CEECs may further improve their institutional development and, by consequence, economic performance. However, the adoption of the Acquis is costly, and some rules established by developed economies can downward competitiveness of the candidate countries. The present paper analyses the Acquis as potential institutional anchor for transition economies and discusses some costs of their adoption.