The European Union and Supranational Political Economy (Hardcover)

The misgovernment of the European economy in the aftermath of the financial crisis not only put at risk the European Monetary Union but also caused further hindrances to the recovery of the global economy. The global financial turmoil also shook deep-rooted beliefs. The doctrine of international neoliberalism is more and more criticized but those critics focus their attention on the relationship between the state and the market, as if the nation states, with their international organisations, have enough power for an effective global governance of the world economy. Here, the model of European supranational integration, though seriously imperfect, can suggest some new way out from the crisis even at the world level based on a new relationship between the supranational government of the Union (which comprises national and local governments, the multi-level public pole of society) and the market (the private pole of society).

After a few years of debates and partial reforms, this volume considers the institutional challenges and changes that Europe still has to face in order to overcome the internal crisis. Is a more supranational Europe for instance with a budget financed entirely by own resources able to provide a better government of the EMU? Does this reform involve more European democracy, for instance through the direct election of the President of the Commission? Is the supranational model of the EU also a model for future reforms of the international economic order? Can the Supranational political economy be considered a new scientific paradigm? Because of the multidisciplinary nature of the topics under discussion this book will appeal to those interested in international economics, international political economy, international law, international relations, political theory and democratic theory."

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