Costs and Benefits of Accession, the Case of the Czech Republic
|Author:||Mgr. Igor Savič|
|Year:||2002 - summer|
|Leaders:|| † prof. RNDr. Ing. František Turnovec CSc.
|Work type:|| European Integration
|Awards and prizes:|
|Abstract:||Abstract in English Entering the European Union is the unique opportunity for the Czech Republic. The accession takes its costs and risks, but at also definitely brings substantial benefits and opportunities. The starting conditions for the EU accession of the Czech Republic are relatively favorable when compared to other candidate countries, with being on the first or second place in measurable economic indexes. The accession process of the Czech Republic (and other CEEC candidate countries) has its particular issues; being the transition economy is the most remarkable. The costs of the accession are sometimes difficult to isolate from "standard"
expenses to power up national economy. From methodic point of view, the costs can be separated into two phases, the pre-accession phase, where the main point is to fulfill the accession criteria and the membership phase, where the costs are gradually being standardized. Among the benefits of the accession there is an access to the common market with its consequences and institutions and the possibility of direct financial transfers from the EU funds, but the final financial framework of enlargement is a matter for accession negotiations. The accession requires substantial costs (both state and private spending) but the benefits outweigh the costs in the long term.