OECD Development Centre Working Papers

The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. This series of working papers is intended to disseminate the OECD Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language.

English, French

Converging European Transitions

Expectations of a broader convergence of living standards worldwide have spread at the same time as emerging markets and mature democracies seek to attract foreign investment in order to accelerate economic growth. In this increasingly competitive global environment, the protection of property rights becomes a convergence criterion, together with openness to international markets for goods, services and assets, and a stable macroeconomy. In the EU, multilateral surveillance procedures and convergence programmes have been implemented to facilitate progress towards a medium-term orientation of macroeconomic policy. These practices may also provide benchmarks for emerging markets, blurring the difference between “transition” and “development”: in particular, they define “converging European transitions” for EU applicants. Given that emerging economies have experienced a substantial fall in their perceived standards of living after the financial crises of 1997-99, the ability to ...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error