The Economics of Europe and the European Union

by Larry Neal

• ISBN13: 9780521683012
• ISBN10: 0521683017
• Format: Paperback
• Copyright: 2007-03-19
• Publisher: Cambridge University Press

Summary

This distinctive textbook combines comprehensive coverage of the key policy areas of the European Union with analysis of individual countries, including the recent accession countries and Turkey. Part I analyzes the economic bases for the rise of the European Union from its origins in the post-World War II recovery to its historic enlargement in 2004. Part II takes up the different nation-state perspectives on the EU's economic policies by looking in turn at all European countries, whether members of the EU or not. The book is unique in providing both an EU perspective and European nation-state perspective on the major policy issues which have arisen since the end of World War II, as well as putting the economic analysis into an historical narrative which emphasizes the responses of policy-makers to external shocks such as the Cold War, the oil shocks, German reunification, and the collapse of the Soviet Union.

Author Biography

Larry Neal is a Research Associate at NBER and Professor Emeritus of Economics at the University of Illinois at Urbana-Champaign where he was founding Director of the European Union Center

Table of Contents

List of figures	p. ix
List of tables	p. xiii
List of boxes	p. xv
The economics of the European Union
Old Europe, new Europe: the role of the European Union	p. 3
A dispute over origins: the European view versus the American perspective	p. 22
The customs union and the diversion of trade	p. 41
The Common Agricultural Policy and reforms: feeding Europe and then some	p. 64
The euro: the ultimate currency reform?	p. 94
The European Central Bank in action	p. 115
The single market: from eliminating non-tariff barriers to enforcing competition	p. 128
The single market in labor: from refugees to Schengen	p. 143
The single market in capital: from Bretton Woods to Maastricht	p. 158
The EU inside and out: regional policy and development aid	p. 171
The EU: the other economic superpower?	p. 186
The economies of Europe
Germany: problems with reunification	p. 201
France: problems with assimilation	p. 230
The United Kingdom: after Thatcher, what next?	p. 255
Italy: political reform versus economic reform	p. 291
The small open countries: free trade or customs union?	p. 313
The Scandinavian union: or separate ways?	p. 328
The latecomers: lessons in preparation	p. 348
The newcomers: building institutions	p. 374
The future members: customs union as substitute or stage one for the EU	p. 400
Suggestions for further reading	p. 418
Index	p. 430
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