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European Integration in Times of Crisis - Theoretical perspectives (Paperback)
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European Integration in Times of Crisis - Theoretical perspectives (Paperback)
Series: Journal of European Public Policy Series
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Few events over the past few decades have given rise to an amount
of debate and speculation concerning the state of the European
Union (EU) and the future of European integration as the economic
and financial crisis that began in 2007. In spite of substantial
media, policy-making and academic attention, the fundamental
questions of why and how the euro area (EA) has remained not only
intact but also expanded and integrated further during the crisis
require deeper theoretical investigation. One needs to understand
not only the economics but also the politics and institutions of
the crisis. A lack of such an understanding is the reason why a
number of observers, at least initially, had a hard time making
sense of policy-makers' decisions (and pace thereof), including why
the EA did not implode as some predicted. Economic theories provide
a certain perspective for why the crisis occurred and what economic
policies were and are needed to resolve it; however, they fail to
capture the deeper roots and management of the crisis. In order to
improve our understanding of a discussion that has oscillated
between fears of EA disintegration on the one hand and the concrete
advancement of integration during the crisis on the other, this
special collection brings together leading scholars of European
integration who apply key theoretical approaches - from liberal
intergovernmentalism and neofunctionalism to other prominent
theoretical accounts that have been applied to European integration
such as historical institutionalism, critical political economy,
normative theory, and a public opinion approach - to the economic
and financial crisis. The contributions seek to analyse, understand
and/or explain the events that occurred and the (re)actions to them
in order to draw conclusions concerning the applicability and
usefulness of their respective theoretical perspectives. This book
was published as a special issue of the Journal of European Public
Policy.
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