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Eastern European Economies by Erika Cornelius Smith, Marcus Goncalves

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CHAPTER 2

The Role of the European Union in Eastern European Economies

The European Union plays important roles in diplomacy, trade, development aid and work with global organizations.

—European Union External Action

Historians, economists, and political scientists have described the transition process following the post-1989 collapse of communist regimes throughout the Central and Eastern European (CEE) states as a “return to Europe.”1 The task of “reconnecting” with Europe reflected a desire on the part of the elites and a significant portion of the public in these states to (re)claim a heritage or identity that, in political terms, entailed the creation of liberal democratic institutions and, in economic terms, a move toward the creation of ...

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