Download The Economics of the New Europe: From Community to Union by Nigel Healey PDF
By Nigel Healey
This quantity demonstrates how the line to nearer financial and fiscal integration in Europe is tough and debatable as a result of many unresolved matters. the ecu financial method in part collapsed following speculative assaults on weaker currencies, throwing the timetable for financial union into disarray. Deep recession and the breakdown of communism has reignited nationalism and ethnic tensions in jap Europe, casting doubts on hopes of a unified Europe. It features a statistical appendix of the neighborhood from 1980 to 1994.
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Extra resources for The Economics of the New Europe: From Community to Union
Sample text
However, the Court’s relatively small size means that its effectiveness is limited by the number of cases it can process. THE WELFARE EFFECTS OF ECONOMIC INTEGRATION In analysing the welfare effects of economic integration, a good starting point is to consider the costs of segmenting national markets by the imposition of various barriers to trade. These barriers can be conveniently represented by a tariff, which increases the market price of imported goods and therefore serves to completely or partially exclude them from the home market.
The European Parliament conducts most of its business in Brussels, but once a month it has plenary sessions in Strasbourg, where it is housed in a new purpose-built building. 9 shows, there is considerable variation in the number of electors per Member of the European Parliament (MEP). 8 European parliamentary seats by political grouping, June 1994 Source: European Parliament. in total population between member states—standardising the number of electors per member of parliament would reduce the representation of the smaller member states to such an extent that their voice would effectively not be heard.
Against this background of economic stagnation and growing political pressure for supply-side reform, the Commission switched tack in 1985. Instead of proposing new laws and directives one by one as it had done in the past, so ensuring that there was always at least one loser to obstruct the way forward, the Commission outlined all 300 of the measures it deemed necessary to complete the single market in one ‘White Paper’. The logic of this change of tactics was to show each member state that the package overall would be to its advantage; hence, each could be induced to accept individual proposals which would damage its national interests in order to guarantee the success of the programme as a whole (see Chapters 7 and 8).