Table of contents for The economics of Europe and the European Union / Larry Neal.

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List of figurs                                             page ix
List of table,                                                 xiii
List of boxe,                                                  xv
Part I   The economics of the European Union
1        Old Europe, new Europe: the role of the European Union           3
An overview of the recent enlargement of the European Union,
with special attention to the implications for the budget of
the Europe n Union and the issues that face the economies
of Europe.
2        A dispute over origins: the European view versus the
American perspective                                            22
A historical reprise of the strategic considerations of both Europe
and the United States that led to the creation of the European
Economic (Eommunity in 1958 with US support.
3        The custos union and the diversion of trade                     41
A theoretic 1 and empirical exposition of the role played by the
customs union in the expansion of trade within Europe and with
the rest of the world.
4        The Comm,n Agricultural Policy and reforms: feeding Europe
and then some                                                   64
A theoretical and empirical analysis of the motivations, operation,
and conseq ences of the EU's Common Agricultural Policy and the
recent attenpts at reform and dealing with WTO disputes.
5        The euro: the ltimate currency reform?                            94
The origins an travails of the move to a common currency
within the EU  and its resolution of the trilemma of open
economies by c ding monetary independence to the European
Central Bank.
6        The European .entral Bank in action                              115
Describes the to pillars of the Bank's policy and analyzes its
operation of m netary policy with the problems of "one size fits
all" for inflatior in the individual countries.
7        The single market: from eliminating non-tariff barriers to
enforcing com  etition                                           128
Describes the motivation of the Single European Act and its
evolution into anti-trust powers and subsidy surveillance exercised
by the Commission.
8        The single mar et in labor: from refugees to Schengen            143
Why labor mobi ity remains difficult within Europe but how labor
markets have be n reformed within some countries. The long-run
problem of agin populations and resistance to immigration
9        The single mar et in capital: from Bretton Woods to Maastricht   158
The limits of ca ital controls contrasted with the difficulties of
promoting capit l mobility within the EU and the challenges of
capital exports o tside the EU.
10        The EU inside ad out: regional policy and development aid        171
Contrasts the po itical motivations and results for the EU's "inside"
development str tegy with its "outside" development strategies and
how each has ev Ived.
11        The EU: the oth r economic superpower?                           186
Contrasts the tw superpowers in terms of four key economic
policy goals - gr wth, employment, inflation, and external
balance - with th implications for differences in approaches to
globalization pre sures.
Part II   The economies of Europe
12        Germany: roblems with reunification                              201
Evaluates the gradual weakening of the economic miracle of West
Germany i leading to the economic problems with its
reunificati n strategy.
13       France: pr blems with assimilation                               230
Discusses ti e various economic experiments with indicative
planning, d colonization, and diplomatic leadership in
the EU.
14       The United Kingdom: after Thatcher, what next?                   255
To be in or 1o be out is always the question for Britain relative
to Europe, from the Common Market to the common
15       Italy: political reform versus economic reform                   291
Highlights tle North-South problem that presaged the German
West-East p oblem today.
16       The small o en countries: free trade or customs union?           313
Contrasts the economic policy experiments of the Benelux
countries with those of Switzerland and Austria as small, rich, open
economies f cing the European Union's programs.
17       The Scandinavian union: or separate ways?                        328
The Scandin vian countries - Denmark, Finland, Iceland, Norway,
and Sweden   illustrate nicely the tradeoffs among policy options
in customs unions, labor agreements, currency regimes, and public
18       The latecomers: lessons in preparation                           348
Compares the economic policies of Ireland, Greece, Portugal,
and Spain be ore and after joining the EU, to show the
tradeoffs bet een redistributive policies and market expansion
19        The newcome s: building institutions                                374
Compares the    ashington consensus strategies for transition
economies with the Copenhagen criteria, concluding that the EU's
accession strategies were valuable for the ten accession countries of
2004 to create their new institutions.
20        The future members: customs union as substitute or stage one
for the EU    '                                                     400
Examines the peculiar case of Turkey in light of the experiments
with customs u ions and institutional reforms of the European
economies. Highlights the issues remaining for Bulgaria and
Romania and tle challenges facing Belarus and Ukraine.
Suggestions for further reading                                      418

Library of Congress subject headings for this publication: European Union, European Union countries Economic conditions, European Union countries Economic policy, European Union countries Economic integration