In this book, Wolfgang Reincke examines many of the challenges confronting Europe as it begins a new era.

Based on a major international research project undertaken by The Institute for East West Studies, this book provides the first comprehensive analysis of an important, but little explored, feature of post-Cold War Europe: the emergence of subregional cooperation in areas such as the Barents, the Baltic Sea, Central Europe and the Black Sea. It analyses the role of subregional cooperation in the new Europe, provides detailed case studies of the new subregional groups and examines their relations with NATO and the European Union.

Building the 'New Europe' is at the core of the new international economic and political initiatives leading the world through the nineties and toward the twenty-first century. This challenge rests on dual processes: on the one hand, the European Community-wide single market and monetary integration; and, on the other, the East European transition to the market place and integration with Western economies. The volume is divided into two parts. The first section includes essays on the general and specific topics linked to the transitions to a market economy and to a pluralist political system. The second section comprises essays on individual countries, such as Hungary, Poland, Yugoslavia and the Republics of the former Soviet Union.

Reflection regarding the future of Europe from a historical, political and economical point of view.