Written by one of Europe's leading analysts of the EU,
European Integration uniquely combines economic analysis
with a detailed knowledge of the integration methods
employed in the European Union. Application of the economic
analysis is demonstrated through numerous practical
examples and specially written case studies which help to
bridge the gap between theory and policy practice.
The new edition of this highly respected text has been
thoroughly updated to include all recent developments in
the field of European integration, including the Amsterdam
Treaty, the arrival of the euro and issues surrounding
enlargement.
European Integration has been carefully designed to
appeal to a wide range of students studying economic
integration as part of an economics, business, law or
public administration degree.
Key features
- Unique integration of economic theory with EU
regulatory & policy framework.
- Non-mathematical treatment of economic theory.
- Innovative analysis of the economics of subsidiarity
and the economic constitution of the EU.
- Economic theory is presented using graphical,
non-algebraic tools
- Numerous case studies are included throughout, many of
direct relevance to business.
Contents
List of Tables & Figures
List of Case Studies
List of Abbreviations
How to
read this book
Preface to the second edition
Preface
PART 1 FOUNDATION
Chapter 1 What is Economic Integration?
Definition and significance
Economic and political integration
Institutional aspects of economic integration
Market integration and other forms
The stages of economic integration
Economic integration and the WTO
Economic integration and economic federalism
Summary
Appendix 1.1 European Institutions: a brief
guide
Appendix 1.2 New numbering of treaty articles
following Amsterdam
Chapter 2 Developing Economic Integration in the
Union
How Western Europe s regionalism emerged
Aspirations of the founders
Deepening, widening and enlargement
Aspirations of the Maastricht Treaty
Meaning of the Amsterdam treaty
Summary
Chapter 3 Economic Constitution of the EU
An economic constitution for integration
The economic constitution in the Rome Treaty
The value-added of the Single Act
The Maastricht treaty
The incrementalism of the Amsterdam treaty
Summary
Chapter 4 Subsidiarity and Economic Functions of
the Union
The economics of subsidiarity
A subsidiarity test for the Union
Subsidiarity and EU regulatory strategy
Subsidiarity and non-regulatory EU functions
Summary
PART 2 INTERNAL MARKET
Chapter 5 Product Market
Integration: The Method
The framework for product market integration
Building the Customs Union
From customs union to product market integration
Removing barriers in the internal market
Summary
Chapter 6 Product Market Integration: Economic
Analysis
The basic theory of customs union
Customs union and technical efficiency
Customs union and decreasing costs
Empirical studies
The pro-competitive effects of a customs union
The economic impact of EC-1992
Price convergence in the internal market
Summary
Chapter 7 Services Market
Integration: The Method and Economic Analysis
The legal framework for services market
integration
Why regulate: market failures in services
Financial services: the EU regulatory framework
Financial services: the economic impact
Road haulage
Summary
Chapter 8 The internal
market for network industries
Network industries and the EC treaty
The economics of network industries
Establishing the internal market for network
industries
Air transport
Telecoms
Summary
Chapter 9 Factor Market Integration: The
Method
Financial capital
Labour
Technology and commercial ideas
Corporate control and mobility of tangible
assets
Summary
Chapter 10 Factor Market
Integration: Economic Analysis
Factor mobility in simple two-country models
Economic significance of factor market
integration
The EU financial capital market
An emerging Euro-labour market?
An EU market for technology?
Europeanisation of business
Locational competition for mobile assets
Summary
PART 3 COMMON POLICIES
Chapter 11 Common Agricultural Policy
A case for the CAP?
Objectives, principles and instruments
Income protection, alternative CAP methods
Assessing the CAP in actual practice
Reforming the CAP
Summary
Chapter 12.EC Competition Policy
Why EC competition policy?
The Community's competition regime
Anti-collusion policy
Anti-monopoly policy
Merger Control
Controlling stateaids
Summary
Chapter 13 Common Trade
Policy
Why a common trade policy?
Principle, objectives and instruments
Types of EC trade policy
Tariff protection
Volume protection
Anti-dumping: trade policy instead of competition
policy
Preferential trade policy
Multilateral trade policy
Summary
Chapter 14 EC Industrial
Policy
How to justify industrial policy
Why a common industrial policy?
Sector policies
EC technology policies
Horizontal policies
Summary
PART 4 EQUITY, STABILISATION AND
EXTENSION
Chapter 15
Equity for the Union?
Social
Policy, Cohesion and the EU Budget
The small social acquis of the Union
Subsidiarity and social policy
The economics of cohesion
Cohesion policies and subsidiarity
The Structural Funds and real convergence
The fundamental dilemma of the EU budget
Summary
Chapter 16 European Macro
Economic Cooperation
Macro-economic cooperation under the Rome Treaty
Autonomy versus cooperation in a Mundell-Fleming
model
New approaches to macro-economic policy making
The European Monetary System
Why beyond the EMS?
Summary
Chapter 17 Economic and
Monetary Union
The costs and benefits of monetary union
Economic union
Towards monetary union
What kind of monetary union?
Micro-macro links in euroland
Monetary and fiscal policies
External aspects of the euro
Summary
Chapter 18 Pan-European
Economic Integration
Economic analysis of a free trade area
EFTA moving into the Union
The pan-European process under way
Economic integration with Central Europe
The Mediterranean connection
Summary
Bibliography
Index