Is the “European Model” viable in a globalized world?

The issue of whether the 'European model' is viable in a globalized world raises the question as to what defines and conditions any European model and its competitiveness in the context of globalisation and the new economy. For the sake of sustainability of its model but also to sustain support for globalisation the European Union (EU) needs to take economic advantage of globalisation and the knowledge-based economy. Challenges in a high-cost, high-productivity economy mean that there is a premium on dynamic efficiency gains from the liberalisation and reform of markets and an economic and institutional framework that fosters innovation and flexible adjustment. The paper examines how the EU deals with governance issues and political economy factors from this perspective. The EU model, if able to legitimize itself with respect to the European integration process may as well contribute to a legitimate political governance of globalisation.Globalisation; Liberalisation; European regulatory model and economic integration; Preferential trade; Global and European Governance; European Union; Single Market; Lisbon Agenda.

Institutions, Governance and Economic Growth in the EU: is there a role for the Lisbon Strategy

In order to ensure that the internal market delivers (growth, jobs) in the face of a changing market and technological environment (internal market liberalisation, globalisation, the knowledge-based economy) and to take advantage of the opportunities that it presents, the European Union (EU) needs to create an adequate institutional framework that promotes its efficiency potential and adaptive capacity. In the reality of European mixed economies, its capacity to solve the structural problems that impair productivity and economic growth in Europe hinges very much on governance, in particular when reforms to realise international synergies and complementarities or policy-learning with a view to common goals involve not only the EU but as well the Member State level. The Lisbon Agenda can be considered an exercise of policy coordination that needs to ensure that Member States’ over-regulated economies comply both with liberalisation in the Single Market and with an adequate European-wide institutional environment for sustainable growth without coordination mismatches, protectionism and market segmentation. This ultimately raises the question, central to this paper, of the adequate governance level and of the regulatory model to adopt (systems competition and/or European regulation).Economic Integration; Governance; European Union; Single Market; Lisbon Agenda; Open method of coordination; Liberalisation; Regulatory model; Growth and competitiveness.

Is the ‘European Model’ viable in a globalized world?

The issue of whether the ‘European model’ is viable in a globalized world raises the question as to what defines and conditions any European model and its competitiveness in the context of globalization and the new economy. For the sake of sustainability of its model but also to sustain support for globalization the European Union (EU) needs to take economic advantage of globalization and the knowledge-based economy. Challenges in a high-cost, high-productivity economy mean that there is a premium on dynamic efficiency gains from the liberalization and reform of markets and an economic and institutional framework that fosters innovation and flexible adjustment. The paper examines how the EU deals with governance issues and political economy factors from this perspective. The EU model, if able to legitimize itself with respect to the European integration process may as well contribute to a legitimate political governance of globalization.Globalization; Liberalization; European regulatory model and economic integration; Preferential trade; Global and European Governance; European Union; Single Market; Lisbon Agenda.

For the EU to work, outlying member states should opt for associative membership

Brexit has triggered a qualitative change in the nature of EU membership. Annette Bongardt and Francisco Torres argue that countries with preferences that are too divergent from the rest of the EU should opt for an associative membership status. They conclude that with the eurozone having established itself as the de facto core of European integration, the UK’s preference for a stand-alone economic union had become untenable even before the vote

The political economy of Brexit: why making it easier to leave the club could improve the EU

The UK exit from the EU represents a qualitative change in the nature of EU membership. On the one hand, it conveyed the lesson that for the Union to be sustainable, membership needs to entail constant caretaking as far as individual members’ contributions to the common good are concerned, with both rights and obligations. Countries with preferences that are too divergent for the Union to function properly should then not be discouraged to invoke Article 50 and to opt instead for membership in the EEA or for a free trade agreement. The Union has to deliver to be sustainable, but it cannot do so if there is a constant hold up of decisions that are in the common interest. On the other hand, with the eurozone having established itself as the de facto core of European (political) integration, the UK’s preference for a stand-alone (and incomplete) economic union became untenable, because the need to make the monetary union work calls for further integration and institution-building in the economic union sphere

Parliament has a strong and clear mandate for Brexit, remainers and EU politicians shouldn’t question it

The recent general election gave the UK Parliament a strong and clear popular mandate for delivering Brexit. Annette Bongardt and Francisco Torres emphasise that with more than 85 per cent of the vote on a clear Brexit platform (Conservatives, Labour, UKIP) – promising to respect the Brexit referendum result – not only the new government but indeed almost the entire new Parliament have a clear Brexit mandate. Most MPs were elected on a Brexit or even hard-Brexit platform. They argue that Remainers and EU politicians shouldn’t question it as it would undermine the democratic process and the cohesion and sustainability of the EU alike

Is the ‘European Model’ viable in a globalized world?

This paper will presented at the 27th Annual Conference of the Portuguese Economic and Social History Association on “Globalization: Long-Term Perspectives” Lisbon, 16-17 November 2007, and is forthcoming in P. Della Posta, A. Verdun and M. Uvalic (eds), Interpreting globalization: a European Perspective, Basingstoke: Palgrave Macmillan. We are grateful to Jeff Frieden for a stimulating discussion of this paper and would also like to thank the editors of the above-referred volume as well as Erik Jones, Phil Schmitter, Francesco Farina and other participants in our conference panels at the EUI in Florence in 2006 and at the ECPR meetings in Pisa in 2007 for their useful comments. Any remaining errors and omissions are of course our responsibility.The issue of whether the ‘European model’ is viable in a globalized world raises the question as to what defines and conditions any European model and its competitiveness in the context of globalization and the new economy. For the sake of sustainability of its model but also to sustain support for globalization the European Union (EU) needs to take economic advantage of globalization and the knowledge-based economy. Challenges in a high-cost, high-productivity economy mean that there is a premium on dynamic efficiency gains from the liberalization and reform of markets and an economic and institutional framework that fosters innovation and flexible adjustment. The paper examines how the EU deals with governance issues and political economy factors from this perspective. The EU model, if able to legitimize itself with respect to the European integration process may as well contribute to a legitimate political governance of globalization.Research Fellow at IEEI and Professor and Research Coordinator at IEE-UCP, Lisbon, respectively. They are both regular visiting professors at the National Institute for Public Administration (INA). This paper is part of an FCT research project on Economic Growth, Convergence and Institutions (research grant POCI/EGE/55423/2004, partially funded by FEDER)

Institutions, governance and economic growth in the EU : is there a role for the Lisbon strategy?

Forthcoming in Intereconomics – Review of European Economic Policy, Springer, Vol. 42, No. 1, 2007. The authors are Associate Professor, Universidade Moderna, Lisbon, and Research Fellow at IEEI and Professor and Research Coordinator, IEE, Universidade Católica, Lisbon, and National Institute for Public Administration (INA), respectively.In order to ensure that the internal market delivers (growth, jobs) in the face of a changing market and technological environment (internal market liberalisation, globalisation, the knowledge-based economy) and to take advantage of the opportunities that it presents, the European Union (EU) needs to create an adequate institutional framework that promotes its efficiency potential and adaptive capacity. In the reality of European mixed economies, its capacity to solve the structural problems that impair productivity and economic growth in Europe hinges very much on governance, in particular when reforms to realise international synergies and complementarities or policy-learning with a view to common goals involve not only the EU but as well the Member State level. The Lisbon Agenda can be considered an exercise of policy coordination that needs to ensure that Member States’ over-regulated economies comply both with liberalisation in the Single Market and with an adequate European-wide institutional environment for sustainable growth without coordination mismatches, protectionism and market segmentation. This ultimately raises the question, central to this paper, of the adequate governance level and of the regulatory model to adopt (systems competition and/or European regulation).This paper stems from the authors’ joint research and teaching on European Economics at the University of Victoria, Canada, at INA and at the University of Aveiro in 2005 and 2006 and is part of an FCT research project on Economic Growth, Convergence and Institutions (research grant POCI/EGE/55423/2004, partially funded by FEDER)

The EU’s recovery programme implemented under a new policy framework

This article focuses on the European Union’s recovery programme from the perspective of its contribution to the Union’s objectives. It discusses the changes brought about in terms of the EU budget (size, financing, EU objectives), notably with respect to ana EU fiscal capacity, EU own resources and incentives on the revenue side. The recovery programme having been an EU-wide response to the coronavirus crisis, the article considers the interplay between the pandemic and the European Green Deal, and the importance of the latter as the new EU policy framework. Finally it looks at the recovery programme as a crisis exit strategy, also for other crises.info:eu-repo/semantics/publishedVersio

Lessons from the Coronavirus crisis for European integration

info:eu-repo/semantics/publishedVersio