Found 10 article(s) for author 'European Union'

Understanding the Political Economy of the Eurozone Crisis

Understanding the Political Economy of the Eurozone Crisis. Jeffry Frieden, 2017, Paper, “The Eurozone crisis constitutes a grave challenge to European integration. This article presents an overview of the causes of the crisis and analyzes why it has been so difficult to resolve. We focus on how responses to the crisis were shaped by distributive conflicts both among and within countries. On the international level, debtor and creditor countries have fought over the distribution of responsibility for the accumulated debt; countries with current account surpluses and deficits have fought over who should implement the policies necessary to reduce the current account imbalances. Within countries, interest groups have fought to shift the costs of crisis resolution away from themselves.Link

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How Much Europe Can Europe Tolerate?

How Much Europe Can Europe Tolerate? Dani Rodrik, March 14, 2017, Opinion, “This month the European Union will celebrate the 60th anniversary of its founding treaty, the Treaty of Rome, which established the European Economic Community. There certainly is much to celebrate. After centuries of war, upheaval, and mass killings, Europe is peaceful and democratic. The EU has brought 11 former Soviet-bloc countries into its fold, successfully guiding their post-communist transitions. And, in an age of inequality, EU member countries exhibit the lowest income gaps anywhere in the world.Link

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The Dark Shadow

The Dark Shadow. Amartya Sen, June 14, 2016, Opinion. “It cannot be said that the European ­Union is doing particularly well at this time. Its economic performance has been mostly terrible, with high unemployment and low economic expansion, and the political union itself is showing many signs of fragility. It is not hard to understand the temptation of many in Britain to call it a day and “go home”. And yet it would be a huge mistake for Britain to leave the EU. The losses would be great, and the gains quite puny. And the “home” to go back to no longer exists in the way it did when Britannia ruled the waves.Link

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Varieties of Capitalism and the Euro Crisis

Varieties of Capitalism and the Euro Crisis, Peter A. Hall, November 2014, Paper, This article examines the role played by varieties of capitalism in the euro crisis, considering the origins of the crisis, its progression, and the response to it. Deficiencies in the institutional arrangements governing the single currency are linked to economic doctrines of the 1990s. The roots of the crisis are linked to institutional asymmetries between political economies. Northern European economies equipped to operate export-led growth models suitable for success within a monetary union are joined to southern economies whose demand-led growth models were difficult to operate successfully without the capacity to devalue. The response to a tripartite crisis of confidence, debt, and growth is explained in terms of the interaction of institutions, interests, and ideas, and its importance for the future of European integration is exploredLink

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The Pathology of Europe’s Debt

The Pathology of Europe’s Debt. Benjamin Friedman, October 9, 2014, Paper. “The article focuses on debt crisis experienced by European Union countries in global financial crisis of 2008-2009. It highlights that the European Central Bank (ECB) lowered the interest rates and provided cheap loans to maintain money flows between European banks. It presents views of American economist James Tobin on the same and highlights supports given by France and Germany to governments of Portugal and Greece, allowing them to…” Link

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Europe, Russia, and the Age of Gas Revolution

Europe, Russia, and the Age of Gas Revolution, Rawi Abdelal, October 2014, Case. “The 2014 Ukraine crisis once again exposed the mutually limiting knot—a web of commercial relationships and oil and gas pipelines—that historically tied the European Union and Russia closely. In this crisis, a familiar conundrum preoccupied minds in the corridors of power in Western capitals: how to compel Russia to respect the Western geopolitical preferences without harming European allies? The answer, as in the past, pointed to the lack of viable short-term solutions and the longer term need for gaining energy independence without sacrificing energy security in the EU.”  Link

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European Integration: Meeting the Competitiveness Challenge

European Integration: Meeting the Competitiveness Challenge. Michael E. Porter, Christian H.M. Ketels, July 25, 2013, Case. “The case discusses the origins and development of the European Integration process from the post-war period up to 2007, focusing particularly on the efforts of the Lisbon-agenda under way since 2000 to enhance Europe’s competitiveness. It discusses the different policy areas that have been approached at the European level over time, and provides background on the architecture of European institutions…” May require purchase or user account. Link

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