Economics of enlarging European Union / written by Tibor Palánkai.

Format:

Book

Author/Creator:

Palánkai, Tibor.

Series:

Transition, competitiveness and economic growth ; 6.

Transition, competitiveness and economic growth ; 6

Language:

English

Subjects (All):

European federation.

European Union.

Physical Description:

397 pages ; 25 cm.

Place of Publication:

Budapest : Akadémiai Kiadó, [2004]

Summary:

Palankai (Budapest U. of Economic Sciences and Public Administration, Hungary) identifies important dimensions of regional economic integration: the content of the integration processes, organizational forms and institutions, regulations and policies, cost- benefit analysis, and fundamental capacities. He addresses each of these dimensions in discussing the development of European integration in general, and the impact of EU enlargement on regionalism in particular. He pays particular attention to the question of governance, suggesting that while a constitutional federation is not viable in the short run, the relevance of an inter-regional level of governance should not be dismissed. Distributed in the US by ISBS. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

Contents:

A. Introduction into the Economics of Regional Integration 11

I. Main schools of international integration theories / Tibor Palankai 13

1. The genesis of integration theories 13

2. The content of integration 18

2.1. Division of labour theories and transactionalists 19

2.2. Interdependence and integration 22

3. Basic forms and institutions of integration 26

3.1. Basic forms of integration 26

3.2. Liberal integration theories 28

3.3. Institutionalism and integration 29

3.4. Federalism contra intergovernmentalism 31

4. Regulation (policies) and governance of integration processes 33

4.1. Integration and regulation 33

4.2. From functionalism to neofunctionalism 36

4.3. Multi-level governance 39

5. What sort of future European Union? 40

II. The economics of market integration (Costs and benefits) / Tibor Palankai 47

1. 'Classical' customs union theories: market advantages and disadvantages 47

1.1. Mechanisms of integration effects in customs union theories 47

1.2. Analysis in a supply and demand model 51

1.3. The customs union and the abolition of quantitative restrictions 56

1.4. Factors influencing gains and losses 58

2. 'Dynamic' concepts in customs union theory 60

3. Some macroeffects of the customs union 64

4. The theoretical frameworks of the common market 66

5. The customs union

the common market

the single internal market 70

6. Measuring the effects of integration 73

B. The Processes of European Integration 81

I. From the customs union to the single European market / Akos Kengyel-Tibor Palankai 83

1. The programme of the single European market 83

1.1. Dismantling the physical barriers 84

1.2. Removal of technical barriers 85

1.3. The single market and tax harmonisation (removal of fiscal barriers) 89

2. Some effects of the 1992 single European market 92

3. The state of the single market and further tasks 96

3.1. Further integration of markets 96

3.2. Improvement of the business environment 97

3.3. Satisfying citizens' needs 98

3.4. Enlargement 99

II. Economic and Monetary Union / Tibor Palankai 101

1. Toward Economic Union

Common Policies 101

1.1. The theoretical backgrounds 101

1.2. First common policies 102

2. The Common Agricultural Policy 105

2.1. The reasons for the Common Agricultural Policy 105

2.2. The regulation and operation of the Common Agricultural Policy 108

3. The beginnings of monetary integration in Europe 113

3.1. First experiments in monetary integration 113

3.2. The European Monetary System

EMS 114

4. Economic and Monetary Union in EU 118

4.1 The Maastricht decisions about EMU 118

4.2. The costs and benefits of monetary union 124

4.3. Theories of "optimum currency area" 129

4.4. 'Asymmetric shocks' 135

5. EMU and economic policy coordination 139

6. First experiences of coordination of monetary policy and economic policy 144

7. The euro and international monetary coordination 149

III. The budget of the European Union / Tibor Palankai 157

1. The characteristics of the EU budget 157

1.1. Principles and characteristics of budget financing 159

1.2. The economic policy functions of the EU budget 163

1.3. Principles of programme financing 166

2. The main directions of reform of the common budget 167

3. The common budget and EMU 173

IV. The integration performance of the EU / Akos Kengyel-Tibor Palankai 178

1. Integration in trade and production 178

2. The flow of factors and the integration processes 183

3. The member countries' macroeconomic performance 187

3.1. The 'Golden Age' of economic development 189

3.2. The European economy in crisis 190

3.3. The restoration of economic stability 191

3.4. New tendencies in the 1990s 192

3.5. The performance of the euro and the euro-zone economies 193

4. Structural problems in the EU 197

4.1. Need for reforms 197

4.2. Structural reforms and the euro 203

V. The EU's foreign trade relations / Tibor Palankai 207

1. The frameworks of trade relations 207

2. The common commercial policies 210

3. Types of EU trade relations 211

3.1. Non-discriminatory systems 211

3.2. Preferential systems 212

3.3. Free trade systems 214

3.4. Relations with EFTA and the European Economic Area 216

4. Associations with former colonies 219

4.1. The main measures of the Lome Conventions 221

4.2. The Cotonou Agreement 224

C. Central and Eastern Europe and Its European Integration 229

I. Transformation processes in the CEE / Tibor Palankai 231

1. From central planning to market economy 231

1.1. Theoretical bases of transformation 235

1.2. Economic transformation

marketisation 238

1.3. Economic transformation

privatisation 244

1.4. Transformation policies 249

2. Opening CEE economies ('negative integration') 260

2.1. History of interaction and division between the East and the West 260

2.2. Participation of the CEECs in international economic organisations 264

2.3. Trade systems and policies after 1989-1990 267

2.4. Convertibility of national currencies 273

2.5. Joint ventures and foreign capital investments in CEE 278

II. Accession and membership criteria

integration maturity / Tibor Palankai 289

1. Theoretical approaches 289

2. Economic criteria of membership and integration maturity 294

2.1. Market economy criteria of integration 296

2.1.1. Theoretical frameworks 296

2.1.2. State of 'functioning market economy' in CEE 299

2.2. Development and structural (competitiveness) requirements 301

2.2.1. Theoretical frameworks 301

2.2.2. State of competitiveness of CEE economies 309

2.3. Macroeconomic stability and stabilisation 312

2.3.1. Theoretical frameworks 312

2.3.2. State of stabilisation in CEE 315

2.4. Convergence (real and financial) 321

2.4.1. Theoretical frameworks 321

2.4.2. State of convergence 322

2.5. Financing and financibility 325

2.5.1. Theoretical frameworks 325

2.5.2. Chances of financing of integration of new members 330

2.6. Social cohesion and integration 336

3. The political criteria of membership (accession) 337

4. Institutions

law harmonisation

membership criteria 340

III. Central and Eastern Europe

from association to full membership / Tibor Palankai 345

1. Association agreements between CEE and the EU 345

1.1. From 'east-west' relations to association 345

1.2. Content of Europe Agreements 348

1.3. Effects of the associations 352

2. Central and Eastern Europe on the way to full membership 362

2.1. The negotiations on full membership (antecedents and conditions) 362

2.2. Entering the single market 366

2.3. Enlargement and CAP 371

2.4. EMU and CEE 380

2.4.1. Slow or rapid joining the euro-zone 380

2.4.2. Process of joining the euro-zone 386

2.4.3. Are CEE members 'mature' for monetary integration? 391

2.4.4. Costs and benefits of monetary union 394.

Notes:

Includes bibliographical references.

ISBN:

9630580713

OCLC:

56084452