The New European Economy

by Tsoukalis, Loukas

• ISBN13: 9780198774778
• ISBN10: 019877477X
• Edition: 3rd
• Format: Paperback
• Copyright: 1997-05-29
• Publisher: Oxford University Press

Summary

The New European Economy Revisited examines the political economy of the European Union and the process of economic integration in Western Europe. It identifies the distinguishing features of this new European economy and the main challenges for the future. The text contains a full discussion of the enlargement of the EU and its recent incorporation of new nations. It examines aspects of this enlargement in a new chapter on regional and structural issues, with a complete explanation of EU regional policy. In addition, the coverage of monetary unionissues is fully revised to include events up to the end of 1996, and provides a considered analysis of the probability of monetary union and its likely timescale. Finally, a new section on EU social policy enables students to receive an introduction to an increasingly important aspect of the EUimpact on the lives of its citizens. It will be essential reading for students of European studies, European economics, or European politics, as well as practitioners and anyone interested in the future of Europe.

Table of Contents

List of Figures and Maps	ix	(1)
List of Tables	x	(1)
List of Abbreviations	xi
1. Searching for Things New and European	1	(8)
2. The Early Ups and Downs of European Integration	9	(24)
The Foundations of European Regionalism	9	(6)
Economic Growth, Trade Liberalization, and the Mixed Economy	15	(9)
No Longer Small and Carefree	24	(9)
3. Treaty Revisions and the New Economic Orthodoxy	33	(28)
The Rediscovery of Europe and the Market	34	(6)
Virtuous Circles are not Forever	40	(10)
The Post-Maastricht Blues	50	(11)
4. From Customs Union to the Internal Market	61	(18)
Non-Tariff Barriers and the Mixed Economy	61	(7)
Supply-Side Economics and the Labours of Implementation	68	(11)
5. The Political Economy of Liberalization and Regulation	79	(35)
Breeding Euro-Champions: Competition or Industrial Policy?	81	(11)
Deregulation in Financial Services: Efficiency and Stability	92	(10)
Tax Harmonization: This Side of Eternity	102	(6)
The Race Between National and European Standards	108	(6)
6. Social Policies and Labour Markets	114	(24)
Free Movement and Little Mobility	117	(4)
Charters, Protocols, and White Papers: Battles on the Ideological High Ground	121	(11)
Subsidiarity and the European Model	132	(6)
7. Building a Regional Currency System	138	(25)
Much Ado About Nothing: The Early Years	138	(5)
Monetary Stability and the EMS	143	(9)
Free Markets, Policy Coordination, and Asymmetry	152	(11)
8. Towards Monetary Union	163	(24)
Negotiating EMU: The Primacy of High Politics	164	(8)
A Long and Bumpy Road Leading to Narrow Gates	172	(7)
Living in an EMU	179	(8)
9. Cohesion and Redistribution	187	(36)
The Regional Problem	188	(8)
A New Package Deal	196	(6)
Structural Funds: Development Policies in Europe's Periphery	202	(7)
The Budget: Small and Beautiful?	209	(14)
10. European or Global Power?	223	(36)
The EU and International Economic Interdependence	225	(8)
Trade Policies and the World Trade Organization	233	(8)
The Changing World of Preferences	241	(7)
Preparing for a New Enlargement	248	(11)
11. Ten Theses on Integration	259	(18)
References	277	(16)
Index	293