This book analyzes regional and local models of development, in the context of existing socio-economic disparities and the impact of EU enlargement and European policy, offering a comparative and in-depth analysis of the distinct nature of regional differences within Central and Eastern Europe.Introduction: Regional Diversity and Local Development in the New Member States; P.Blokker ?& B.Dallago PART I: REGIONAL DIVERSITY IN CENTRAL AND EASTERN EUROPE Time Horizon and Institutional Underpinnings of Local Development; A.Surdej Regional Development in Central and Eastern Europe; G.Gorzelak Local Development in European Union Perspective: Cohesion and Regional Policies in Central and Eastern Europe; C.Guglielmetti Poland's Great Transformation and the Lessons to be Learnt; G.W.Kolodko Regional Labour Market Developments in Transition; P.Huber Regional Development Effects of Foreign Direct Investment in Central and Eastern Europe; P.Pavlinek PART II: EUROPEAN INTEGRATION, REGIONAL DISPARITIES, AND DEVELOPMENTAL STRATEGIES IN NEW AND PROSPECTIVE MEMBER STATES Local Development and Local Policy in Hungary -?Challenges and Perspectives in Changing Circumstances; ?.Ruttkay Local Government in the Process of Transformation; A.Gasior-Niemiec Social Benefits and Administrative Strains: the Golden Burden of EU Funds at the Subnational Level in Romania; S.Ionita Multiple Shocks and Changes in the Development Gradient of Croatia's Regions?; I.Bi?ani?IVO BI?ANI? Professor, Faculty of Economics, University of Zagreb, Croatia; Recurrent Visiting Professor, Department of Economics, Central European University, Budapest, HungaryANNA G?SIOR-NIEMIEC Research Associate, European Studies Unit, Institute of Philosophy and Sociology, Polish Academy of Sciences, Warsaw, Poland; Assistant Professor, Department of Political Science, University of Rzesz?w, PolandGRZEGORZ GORZELAK Professor of economics, specialising in regional and local development and policies; Director of the Centre for lsî