Abstract
The market-based process of economic integration, although it is perceived to generate higher levels of aggregate efficiency, can possibly be associated with higher levels of inequality. In spatial terms, this is believed to lead to regional imbalances, with less advanced regions possibly experiencing, in the integration process, weaker gains or even net losses, compared to their more advanced counterparts. Such types of argument are in variance with the neoclassical understanding of the operation of the spatial economy and contribute to an ongoing discussion among academics and politicians on the impact of integration on the growth potential of less advanced European Union (EU) regions.
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© 2010 Dimitris Kallioras, George Petrakos and Maria Tsiapa
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Kallioras, D., Petrakos, G., Tsiapa, M. (2010). The Emerging Economic Geography Setting in New EU Member States: A Comparative Account of Regional Industrial Performance and Adjustment. In: Marelli, E., Signorelli, M. (eds) Economic Growth and Structural Features of Transition. Studies in Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780230277403_8
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