scholarly journals The Currency of Identity: Ireland 1978 to 1992

2021 ◽  
Author(s):  
◽  
Barbara Murphy
Keyword(s):  
European Union ◽  
Rational Choice ◽  
Monetary Union ◽  
Identity Politics ◽  
Rational Choice Theory ◽  
Global Financial Crisis ◽  
International Political Economy ◽  
Small States ◽  
The European Union ◽  
Exogenous Shock

<p>Following 10 years in operation, the European Monetary Union (EMU) has been shaken by the global financial crisis and some peripheral states have experienced significant economic shock. The pitfalls of currency unions have been well documented in the literature of International Political Economy (IPE), so the situation that these states find themselves in cannot come as a surprise to any member country. Without highly synchronised economies, some states will suffer significantly in the event of an exogenous shock. This begs the question why a country would make an "irrational" choice to join the monetary union to begin with. The predominant IPE theories on how the EMU was formed are explained using rational choice with material interests as the focus for interstate bargaining. By arguing that they really have no choice to begin with, rational choice theory renders small states impotent. Unsatisfied with this reductionist answer, this body of work explores the participation of one of the states currently in trouble by introducing a constructivist theory of economic identity politics. Exploring the historical record of Ireland in the period of 1978 and 1992, this work reveals that Ireland in fact had choices, and the "irrational" choices it made were significantly influenced by Irish identity politics. However Ireland's "irrational" motivation can only be understood by including economic identity politics into the analysis. It will reveal that the supranational institutions of the European Union can serve as economic instruments to further nationalist goals. In the process the institution can become embedded in the nation such a country like Ireland is now a hybrid - highly European monetarily while it still remains distinctively Irish. As small states now make up the majority of the European Union this thesis adds to our understanding of small state participation in its most ambitious institution thus far.</p>

scholarly journals The Currency of Identity: Ireland 1978 to 1992

2021 ◽  
Author(s):  
◽  
Barbara Murphy
Keyword(s):  
European Union ◽  
Rational Choice ◽  
Monetary Union ◽  
Identity Politics ◽  
Rational Choice Theory ◽  
Global Financial Crisis ◽  
International Political Economy ◽  
Small States ◽  
The European Union ◽  
Exogenous Shock

<p>Following 10 years in operation, the European Monetary Union (EMU) has been shaken by the global financial crisis and some peripheral states have experienced significant economic shock. The pitfalls of currency unions have been well documented in the literature of International Political Economy (IPE), so the situation that these states find themselves in cannot come as a surprise to any member country. Without highly synchronised economies, some states will suffer significantly in the event of an exogenous shock. This begs the question why a country would make an "irrational" choice to join the monetary union to begin with. The predominant IPE theories on how the EMU was formed are explained using rational choice with material interests as the focus for interstate bargaining. By arguing that they really have no choice to begin with, rational choice theory renders small states impotent. Unsatisfied with this reductionist answer, this body of work explores the participation of one of the states currently in trouble by introducing a constructivist theory of economic identity politics. Exploring the historical record of Ireland in the period of 1978 and 1992, this work reveals that Ireland in fact had choices, and the "irrational" choices it made were significantly influenced by Irish identity politics. However Ireland's "irrational" motivation can only be understood by including economic identity politics into the analysis. It will reveal that the supranational institutions of the European Union can serve as economic instruments to further nationalist goals. In the process the institution can become embedded in the nation such a country like Ireland is now a hybrid - highly European monetarily while it still remains distinctively Irish. As small states now make up the majority of the European Union this thesis adds to our understanding of small state participation in its most ambitious institution thus far.</p>

12. Critical Political Economy

2009 ◽  
Author(s):  
Alan W. Cafruny ◽  
J. Magnus Ryner
Keyword(s):  
European Union ◽  
Political Economy ◽  
Economic Analysis ◽  
Monetary Union ◽  
International Political Economy ◽  
Late Nineteenth Century ◽  
The European Union ◽  
The Social ◽  
Late Nineteenth ◽  
Political Economic

This chapter examines European integration from the perspective of critical political economy. It first situates the belated arrival of political economy in integration studies within the context of the division of the social sciences in the late nineteenth century. It then considers the crisis of the Bretton Woods system and how it served to revive the study of political economy through the establishment of a subdiscipline of international political economy. It also explores the key strands of political economic analysis as they were imported into the study of the European Union, focusing on the ‘varieties of capitalism’ perspective, neo-Marxism, and regulation theory. Finally, it discusses from the perspective of critical political economy the causes and consequences of the economic and monetary union as a case where such an approach seems particularly useful, along with Eastern enlargements of 2004 and 2007.

26. The Euro Crisis and European Integration

2016 ◽  
Author(s):  
Dermot Hodson ◽  
Uwe Puetter
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Monetary Union ◽  
Euro Area ◽  
Global Financial Crisis ◽  
Complex Relationship ◽  
Euro Crisis ◽  
The European Union ◽  
Set Up ◽  
The Global Financial Crisis

This chapter examines how the European Union addressed the euro crisis that emerged in late 2009, two years after the global financial crisis. It first considers the complex relationship between the euro crisis and the global financial crisis before discussing the challenges the euro crisis has posed to the existing institutional set-up of the Economic and Monetary Union and the EU as a whole. It then asks why the euro crisis continues to raise questions about Greece's future in the euro area and the fate of the single currency more generally. A timeline of the euro crisis is provided and the main changes to the institutional framework of European economic governance to date are analysed. The chapter also explores the consequences of the euro crisis for the EU's legitimacy.

Nowe podejście do harmonizacji technicznej w Unii Europejskiej a swoboda przepływu towarów

2016 ◽  
pp. 70-86
Author(s):  
Iwona Miedzińska
Keyword(s):  
European Union ◽  
Consumer Protection ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Single Market ◽  
The European Union ◽  
Primary Method ◽  
Effective Response ◽  
New Approach ◽  
Free Movement Of Goods

This article is about the new approach directives and their impact on ensuring the free movement of goods in the single market. The author analysed the relevant legislation of the European Union adopted in the field of technical harmonisation: regulations and directives. The primary method of research used in this article is the legal and institutional analysis. Neofunctionalism and rational choice theory were also helpful to explain the processes of integration in this area. The analysis shows that the new approach directives affect the streamlining of procedures for the movement of goods in the single market. However, despite the simplification of procedures for the movement of goods, an adequate level of safety and consumer protection is ensured. The member states and the European Commission have effective response mechanisms when a product endangers life, health or safety of consumers.

Ocena antykryzysowej polityki gospodarczej Stanów Zjednoczonych i wybranych państw członkowskich Unii Europejskiej w latach 2005–2014

2016 ◽  
pp. 26-46
Author(s):  
Marcin Jan Flotyński
Keyword(s):  
United States ◽  
European Union ◽  
Financial Markets ◽  
Global Economy ◽  
Global Financial Crisis ◽  
The United States ◽  
The European Union ◽  
High Volatility ◽  
The Global Financial Crisis ◽  
Domestic Products

The global financial crisis in 2007–2009 began a period of high volatility on the financial markets. Specifically, it caused an increased amplitude of fluctuations of the level of gross domestic products, the level of investment and consumption and exchange rates in particular countries. To address the adverse market circumstances, governments and central banks took actions in order to bolster the weakening global economy. The aim of this article is to present the anti-crisis actions in the United States and selected member states of the European Union, including Poland, and an assessment of their efficiency. The analysis conducted indicates that generally the actions taken in the United States in response to the crisis were faster and more adequate to the existing circumstances than in the European Union.

scholarly journals Trade, Politics, and Democratization: The 1997 Global Agreement Between the European Union and Mexico

2000 ◽  
Vol 42 (2) ◽  
pp. 35-62 ◽  
Author(s):  
José Antonio Sanahuja
Keyword(s):  
European Union ◽  
International Political Economy ◽  
Trade Agreement ◽  
Negotiation Process ◽  
The European Union ◽  
Association Agreement ◽  
Economic Association ◽  
Trade Politics ◽  
Global Agreement ◽  
The Relationship

Mexico and the European Union signed a new Political and Economic Association Agreement in December 1997 and ultimately a free-trade agreement in March 2000, aiming to establish a new model of relations with a more dynamic trade and investment component. This article analyzes the 1997 agreement as background to the final accord. Economic and political changes in the 1990s modified both parties’ participation in the international political economy, helping to overcome some of the structural obstacles to the relationship. The policy toward Latin America adopted by the EU in 1994 was influential. The negotiation process revealed divergences over the scope of the liberalization process and the so-called democracy clause.

scholarly journals The Fiscal Compact and the European Constitutions: ‘Europe Speaking German’

2012 ◽  
Vol 8 (1) ◽  
pp. 1-7 ◽  
Author(s):  
LB ◽  
JHR
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Monetary Union ◽  
Euro Area ◽  
Economic And Monetary Union ◽  
Economic Policies ◽  
The European Union ◽  
The Czech Republic ◽  
The United Kingdom ◽  
Fiscal Compact

In between the writing of this editorial and the publication of this issue of EuConst, the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, in everyday parlance the ‘Fiscal Compact’, will have been signed by the representatives of the governments of the contracting parties — the member states of the European Union minus the United Kingdom and the Czech Republic. The Fiscal Compact is intended to foster budgetary discipline, to strengthen the coordination of economic policies and to improve the governance of the euro area.

What Changed?

2016 ◽  
Author(s):  
Necati Polat
Keyword(s):  
Higher Education ◽  
European Union ◽  
Foreign Policy ◽  
Identity Politics ◽  
The European Union ◽  
High Courts ◽  
Turkish Politics ◽  
The Face ◽  
The Government ◽  
The Military

This chapter provides an outline of the change that took place in Turkey between 2007 and 2011, signalling a historic shift in the use of power in the country, long controlled by a staunch and virtually autonomous bureaucracy, both military and civilian, and known as ‘the state’, in the face of the chronically fragile democratic politics, forming ‘the government’. The time-honoured identity politics of the very bureaucracy, centred on ‘Westernisation’ as a policy incentive, was deftly appropriated by the ruling AKP via newly tightened links with the European Union to transform the settled centre-periphery relations often considered to be pivotal to Turkish politics, and reconfigure access to power. The chapter details the gradual fall of the bureaucracy—that is, the military, the higher education, and the system of high courts—and recounts the basic developments in foreign policy and on the domestic scene during and immediately after the change.

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