Three Uses of Political Economy in Analyzing European Integration

2014 ◽  
pp. 265-283
Author(s):  
Simon Bulmer ◽  
Owen Parker ◽  
Ian Bache ◽  
Stephen George ◽  
Charlotte Burns

This chapter examines the European Union’s (EU’s) original decision to create a single market and the moves to complete the internal market—what became known as the single market programme—in the 1980s. The economic ideal of a common or single European market lies at the core of the EU. The decision to institute a drive to achieve a single internal market by the end of 1992 played a key role in the revival of European integration. The chapter first traces the development of internal market policy before discussing the record of implementation beyond 1992. It then considers recent policy developments in relation to the single market in the context of the Barroso (2005–14) and Juncker (2014–19) Commission presidencies. It also reviews the academic literature on the single market, focusing on the main explanations for its development and some key ideological or normative perspectives on its consequences, including political economy critiques.


2019 ◽  
pp. 41-91
Author(s):  
Jason Beckfield

This chapter describes the development of the European political economy since the 1957 Rome treaty. It uses econometric and historical case evidence to build the argument that European integration has advanced both from the top down and from the bottom up. The first part presents several measures of European integration to address the question of how we know integration when we see it. The second part describes two mechanisms of integration: redistribution from the top down via the European Social Fund, and integration from the bottom up through the formation of the Euro-Regions. The third part describes the development of a convergent European economy, where macroeconomic differences have been reduced through European integration, especially before the 1980s, and especially if economies are weighted by their populations.


2019 ◽  
Vol 21 ◽  
pp. 6-23
Author(s):  
Michael WILKINSON

AbstractConstitutional pluralism is a theory for the post-sovereign European state. This only makes sense historically, emerging out of postwar European reconstruction through the repression of popular sovereignty and restraining of democracy, including through the project of European integration. It became unsettled at Maastricht and evolved from a series of irritants into a full-blown crisis in the recent decade, with sovereignty claims returning both from the bottom-up and the top-down, to the extent that we can legitimately ask whether we are now moving ‘beyond the post-sovereign state’? Constitutional pluralist literature fails to capture this in that evades material issues of democracy and political economy.


Author(s):  
Barry Eichengreen

This article discusses European integration and its various conceptions of the political economy in terms of three generations of academic work. The normalization of European integration studies is discussed in the second section of the article, this is followed by models of non-ergodic processes. The article ends by trying to determine the future of this field.


2019 ◽  
pp. 1-20 ◽  
Author(s):  
Joseph Halevi

This paper analyzes the early stages of the formation of the Common Market. The period covered runs from the end of WW2 to 1959, which is the year in which the European Payments Union ceased to operate. The essay begins by highlighting the differences between the prewar political economy of Europe and the new dimensions and institutions brought in by the United States after 1945. It focuses on the marginalization of Britain and on the relaunching of French great power ambitions and how the latter determined, in a very problematical way, the European complexion of France. Because of France’s imperial aspirations, France, not West Germany, emerged as the politically crisis prone country of Europe acting as a factor of instability thereby jeopardizing the process of European integration, Among the large European nations, Germany and Italy appear, for opposite economic reasons, as the countries most focused on furthering integration. Germany expressed the strongest form of neomercantilism while Italy the weakest.


2019 ◽  
Vol 9 (1) ◽  
pp. 31-44 ◽  
Author(s):  
Ben Rosamond

The current 'perfect storm' of European crises seems to provide evidence that the EU is suffering from severe tensions that could reverse many of the key integration gains of the past seven decades. The presence of apparently existential threats to the EU has provoked calls to theorise 'disintegration'. This presumes, first and foremost, that scholarship is lagging behind urgent real world developments. It could also be argued that any attempt to theorise integration should by definition be capable of theorising disintegration. EU studies scholarship has tended, in recent years, to shy away from the analysis of integration, developing instead a range of subliteratures that together presume institutional and systemic resilience. The paper makes three broad arguments. First, it notes that any return to the analysis of integration/disintegration presents a risk for scholarship, namely the fallacy of sampling from past experience to project future probabilities. Second, it demonstrates that earlier neofunctionalist scholarship had, in fact, developed quite sophisticated accounts of disintegration, which, in turn illustrated the importance of understanding the key role played by political economy and sociological dynamics in European integration. Finally, the paper explores the ways in which extant scholarly knowledge about the EU may inhibit the development of robust policy understanding of potentially disintegrative dynamics.


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