The New European Economy [Paperback]

This book examines the political economy of the European Union and the process of economic integration in Western Europe. It argues that a regional economy is rapidly taking shape and that, in the process, economic order in Europe is also changing. It identifies the distinguishing features of this new European economy and the main challenges for the future.

This third, revised edition contains a full discussion of the enlargement of the EU and its recent incorporation of new nations. It examines aspects of this enlargement in a new chapter on regional and structural issues, with a complete explanation of EU regional policy. In addition, the coverage of monetary union issues is fully revised to include events up to the end of 1995, and provides a considered analysis of the probability of monetary union and its likely timescale. Finally, a new section on EU social policy enables students to receive an introduction to an increasingly important aspect of the EU impact on the lives of its citizens.

1. Searching for Things New and European
2. The Early Ups and Downs of European Integration
3. Treaty Revisions and the New Economic Orthodoxy
4. From Customs Union to the Internal Market
5. The Political Economy of Liberalization and Regulation
6. Social Policies and Labour Markets
7. Building a Regional Currency System
8. Towards Monetary Union
9. Cohesion and Redistribution
10. European or Global Power?
11. Ten Theses on Integration
Contributors