Explaining telecoms and electricity internationalization in the European Union: a political economy perspective

One consequence of the liberalization of certain services in the European Union was that a number of formerly inward-looking incumbents in telecommunications and electricity rapidly transformed themselves into some of the world’s leading Multinationals. However, the precise relationship between liberalization and incumbent internationalization is contested. This article tests three persuasive arguments derived from the political economy literature on this relationship. The first claims that those incumbents most exposed to domestic liberalization would internationalise most. The second asserts the opposite: incumbents operating where liberalization was restricted could exploit monopolistic rents to finance their aggressive internationalisation. The third argument claims that a diversity of paths will be adopted by countries and incumbents vis-à-vis liberalization and internationalization. Using correlation and cluster analysis of the sample of all major EU telecoms and electricity incumbent Multinationals evidence is found in favour of the third hypothesis. Internationalization as a response to liberalization took diverse forms in terms of timing and extent and this is best explained using a country, sector and firm logic

Two Conceptions of Democracy in the Council of the EU: Narrow and Broad

Since the entry into force of the Lisbon Treaty, the Council is explicitly understood as a democratic actor in a decision-making system that is legitimated on the basis of a democratic rationale. While this formalisation in the Lisbon Treaty of the Council as a democratic actor is to be welcomed as an important step in a longer-standing process, it remains unclear which normative requirements result from it. This point is illustrated in this paper with reference to the principle of transparency. It discerns the role of transparency in two competing conceptions at the Council level, representing a narrow, and a broad perspective on democracy. It is argued that below a minimal threshold of transparency, Council democracy cannot function. Above this threshold, in turn, transparency is likely to make Council democracy function better