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Part I framing the discussion on the competitiveness challenge -- 1. Boosting European competitiveness / Marek Belka, Ewald Nowotny, Doris Ritzberger-Grünwald and Pawel Samecki -- 2. Harnessing foreign direct investment to boost economic growth / Beata S. Jarvorcik -- 3. Correcting external imbalances in the European economy / Doris Hanzl-Weiss and Michael Landesmann -- Part II the various dimensions of competitiveness -- 4. New indicators of competitiveness - the Austrian perspective / Doris Ritzberger-Grünwald, Maria Silgoner and Klaus Vondra -- 5. Globalisation and growth: the case of China / Linda Yueh -- 6. Non-price components of market share gains - evidence for EU countries / Konstantins Benkovskis and Julia Wörz -- Part III EU structural policies -- 7. EU economic governance: euro area periphery lessons for Central and Eastern European countries / Zsolt Darvas -- 8. EU structural policies today: missing piece of the growth puzzle, or wishful thinking? / Brian Pinto -- 9. EU structural policies and euro adoption in CEE countries / Anna Kosior and Michał Rubaszek -- Part IV labour market and productivity developments -- 10. Labour market integration and associated issues: Kipling is wrong / Peter Sinclair -- 11. Do jobs created in CEE countries result in higher productivity? / Michał Gradzewicz -- 12. Productivity and competitiveness in CESEE countries: a look at the key structural drivers / Dan Andrews and Alain De Serres -- Part V CESEE's contribution to growth in the euro area and Europe -- 13. Convergence of 'new' EU member states: past, present and future / Bas B. Bakker and Krzysztof Krogulski -- 14. EU and CEE: productivity and convergence / Boris Vujčić -- 15. Peering into the crystal ball: can the CESEE countries be an engine of growth for the EU? / Iain Begg.