So to be able to see – and understand – European integration in a wider context of global economic developments, expanding the focus of the CEEI 2011 to include two major emerging economies was not only an obvious, but also a highly necessary step.
BIS central bankers’ speeches  1  During the next two days, we will investigate the economic impact of China and Russia as emerging global economic players on the catching-up process in CESEE. In doing so, we will try to answer questions such as: Does competition from the two large and growing emerging market economies constitute a drawback for CESEE? Or do opportunities prevail?