The Economics of European Integration

Höfundar: Richard Baldwin; Charles Wyplosz (Útgáfa: 7)
The Economics of European Integration

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The seventh edition of The Economics of European Integration provides students with an accessible presentation of the facts, theories and controversies that are driving rapid change at the heart of Europe. This new edition covers crucial updates on the impact of Brexit and Covid-19 and offers an expert analysis of the contemporary status of integration within the European Union. Key Features and Updates •Wide range of learning features including boxed examples and illustrations, end of chapter summaries, self-assessment questions and essay questions.

•Fully updated to include new discussions and examples such as the new budget which has significant implications on European bonds, immigration, and climate change. •Two new chapters highlighting the impact of both Brexit and Covid-19 on the EU. •An Online Learning Centre with Lecture Outlines, PowerPoint Presentations, and an Image Library. Richard Baldwin is Professor of International Economics at the Graduate Institute, Geneva, having been a visiting professor at Oxford and MIT.

He is Editor-in-Chief and founder of VoxEU. org since 2007 and he advises governments around the world on globalisation and integration issues having served in the Bush (Sr) White House in 1990-91. Charles Wyplosz is Professor Emeritus of International Economics at the Graduate Institute in Geneva where he also served as Director of the International Centre for Money and Banking Studies. He is a Fellow of CEPR and of the European Economic Association, as well as a Founding Managing Editor of the Economic Policy journal.

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Útgefandi
McGraw-Hill UK
ISBN
9781526849441
Print ISBN
9781526849434
Format
Page Fidelity (PDF)
Útgáfa
7
Höfundar
Richard Baldwin; Charles Wyplosz
Tungumál
English
Útgefið
2022-08-30
Prent takmörkun á líftíma
100

Kaflar

  • The Economics of European Integration
  • Dedication
  • Brief Table of Contents
  • Detailed Table of Contents
  • About the Authors
  • Preface
  • Acknowledgements
  • Guided Tour
  • Online Learning Centre
  • Part I: History, Facts and Institutions
  • Chapter 1: History
  • 1.1 Early post-war period, 1945ñ50
  • 1.2 Make Europe not war: ECSC, EEC and EFTA, 1951ñ1960
  • 1.3 Evolution to two concentric circles
  • 1.4 Delayed trade integration, accelerated monetary integration: the 1970s
  • 1.5 Deeper circles and the domino effect part II: the Single Market Programme
  • 1.6 Reuniting East and West Europe
  • 1.7 Monetary Union
  • 1.8 Global and Eurozone crises and institutional responses
  • 1.9 Euroscepticism 2.0
  • 1.10 Brexit
  • 1.11 The Covid-19 pandemic
  • 1.12 The European Green Deal
  • 1.13 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 2: Facts, law, institutions and the budget
  • 2.1 Economic integration in the EU
  • 2.2 EU architecture
  • 2.3 EU law
  • 2.4 The ëBig-5í institutions
  • 2.5 Legislative processes
  • 2.6 Some important facts
  • 2.7 The budget
  • 2.8 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 3: Decision making
  • 3.1 Task allocation and subsidiarity: EU practice and principles
  • 3.2 Understanding the task allocation: the theory of fiscal federalism
  • 3.3 Economic view of decision making
  • 3.4 The distribution of power among EU members
  • 3.5 Legitimacy in EU decision making
  • 3.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Part II: The Microeconomics of European Integration
  • Chapter 4: Essential microeconomic tools and tariff analysis
  • 4.1 Preliminaries I: supply and demand diagrams
  • 4.2 Preliminaries II: introduction to open-economy supply and demand analysis
  • 4.3 MFN tariff analysis
  • 4.4 Economic justice and efficiency
  • 4.5 GVC analysis
  • 4.6 Types of protection: an economic classification
  • 4.7 Sources of competitiveness differences
  • 4.8 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 5: The essential economics of preferential liberalization
  • 5.1 Analysis of unilateral discriminatory liberalization
  • 5.2 Analysis of a customs union
  • 5.3 Frictional barriers: the Single Market
  • 5.4 Deep regionalism, the Eurozone and ësoft preferencesí
  • 5.5 WTO rules
  • 5.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Annex: Discriminatory liberalization: small country case
  • Chapter 6: Market size and scale effects
  • 6.1 Liberalization, defragmentation and industrial restructuring: logic and facts
  • 6.2 The BEñCOMP diagram in a closed economy
  • 6.3 The impact of European integration
  • 6.4 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Annex: Details on the COMP and BE curves
  • Chapter 7: Growth effects and factor market integration
  • 7.1 Historical phases of European growth
  • 7.2 Is European integration pro-growth?
  • 7.3 Medium-term growth effects: induced capital formation
  • 7.4 Long-term growth effects: faster knowledge creation and absorption
  • 7.5 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 8: Economic integration, labour markets and migration
  • 8.1 European labour markets: a brief characterization
  • 8.2 Labour markets: the principles
  • 8.3 Effects of trade integration
  • 8.4 Migration
  • 8.5 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Part III: EU Micro Policies
  • Chapter 9: The Common Agricultural Policy
  • 9.1 The old simple logic: price supports
  • 9.2 Changed circumstances and CAP problems
  • 9.3 The simple economic logic of CAP reform
  • 9.4 CAP reform
  • 9.5 Todayís CAP
  • 9.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 10: Location effects, economic geography and regional policy
  • 10.1 Europeís economic geography: the facts
  • 10.2 Theory part I: comparative advantage
  • 10.3 Theory part II: agglomeration and the new economic geography
  • 10.4 Theory part III: putting it all together
  • 10.5 EU regional policy
  • 10.6 Empirical evidence
  • 10.7 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 11: EU competition and state aid policy
  • 11.1 The economics of anti-competitive behaviour and state aid
  • 11.2 EU competition policy
  • 11.3 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 12: EU trade policy
  • 12.1 The EUís new open, sustainable and assertive trade policy
  • 12.2 Patterns of trade and tariffs: facts
  • 12.3 EU institutions for trade policy
  • 12.4 EU trade policy: existing arrangements and instruments
  • 12.5 EU climate policy
  • 12.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Part IV: The Macroeconomics of Monetary Integration
  • Chapter 13: Essential macroeconomic tools
  • 13.1 The closed economy: a refresher
  • 13.2 The open economy
  • 13.3 The impossible trinity principle
  • 13.4 The real exchange rate and the purchasing power parity principle
  • 13.5 Applications: macroeconomic policies and the exchange rate
  • 13.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Annex: Various exchange rate regimes
  • Chapter 14: Optimum currency areas
  • 14.1 The question, the problem and the short answer
  • 14.2 Benefits of a currency area
  • 14.3 Costs of a currency area
  • 14.4 The optimum currency area criteria
  • 14.5 Is Europe an optimum currency area?
  • 14.6 Is Europe becoming an optimum currency area?
  • 14.7 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Part V: EU Monetary and Fiscal Policies
  • Chapter 15: The Monetary Union: principles and practice
  • 15.1 Principles
  • 15.2 The five entry conditions
  • 15.3 The Eurosystem
  • 15.4 The monetary policy strategy
  • 15.5 Independence and accountability
  • 15.6 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 16: Fiscal policy and the Stability Pact
  • 16.1 Fiscal policy in the monetary union
  • 16.2 Fiscal policy externalities
  • 16.3 The Stability and Growth Pact
  • 16.4 Fiscal coordination: new steps
  • 16.5 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 17: The financial markets and the euro
  • 17.1 Essentials of financial markets
  • 17.2 Financial effects of the monetary union
  • 17.3 The Eurozone and its banks
  • 17.4 The international role of the euro
  • 17.5 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 18: The three crises of the Eurozone
  • 18.1 Stage one: the Global Financial Crisis
  • 18.2 Stage two: the public debt crisis in the Eurozone
  • 18.3 Stage three: the pandemic crisis
  • 18.4 The legacy of the crises
  • 18.5 Summary
  • Self-assessment questions
  • Essay questions
  • References and further reading
  • Chapter 19: Economics of Covid-19
  • Chapter 20: Brexit: Problems andprospects
  • Chapter 21: The history of Europeanmonetary integration
  • Index