Through four previous editions "The Economics of European Integration" by Willem Molle has established itself as a preferred textbook for students of the economics of the EU as well as a reliable reference work for those with a professional interest in the European Union. Carefully revised, this Fifth edition takes into account changes in course requirements, new statistical information, and recent policy developments. It includes new material on: enlargement and the ongoing integration of the New Member States as well as the new forms of association with other Central and Eastern European countries; the longer-term structural changes that are entailed by the enlargement process; the performance of the euro; the EU experience as a guide for the economic integration of other regions and for the eventual possibility of world economic governance. Written in a clear style and combining original insights with authoritative analysis, this new edition will further enhance the book's reputation for providing the ideal introduction to the economics of the European Union.