The article identifies the strategic challenges of Europe and, in particular, European integration will have to face in the coming years. Challenges resulting from enlargement to the East of the European Union (EU) and their participation in an increasingly globalized economy. The author focuses its interest in the fundamental changes produced (or ongoing occur) by the fifth enlargement of the EU in economic areas, which affect the improvement of global competitiveness, in the institutional field, which exert a growing influence on federalist processes that drive the reforms of the European institutions and of the ways of reaching agreements and decisions, and in the new Foreign Affairs involving the transfer of the Community borders towards the East and countries and economies of the much lower level of development.

University Complutense de Madrid

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András Inotai, Director General of the Institute of world economics of the Hungarian Academy of Sciences