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The Economic Integration of Europe (Hardcover)
Loot Price: R903
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The Economic Integration of Europe (Hardcover)
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The clearest and most up-to-date account of the achievements—and
setbacks—of the European Union since 1945. Europe has been
transformed since the Second World War. No longer a checkerboard of
entirely sovereign states, the continent has become the largest
single-market area in the world, with most of its members ceding
certain economic and political powers to the central government of
the European Union. This shift is the product of world-historical
change, but the process is not well understood. The changes came in
fits and starts. There was no single blueprint for reform; rather,
the EU is the result of endless political turmoil and dazzling
bureaucratic gymnastics. As Brexit demonstrates, there are
occasional steps backward, too. Cutting through the complexity,
Richard Pomfret presents a uniquely clear and comprehensive
analysis of an incredible achievement in economic cooperation. The
Economic Integration of Europe follows all the major steps in the
creation of the single market since the postwar establishment of
the European Coal and Steel Community. Pomfret identifies four
stages of development: the creation of a customs union, the
deepening of economic union with the Single Market, the years of
monetary union and eastward expansion, and, finally, problems of
consolidation. Throughout, he details the economic benefits, costs,
and controversies associated with each step in the evolution of the
EU. What lies ahead? Pomfret concludes that, for all its problems,
Europe has grown more prosperous from integration and is likely to
increase its power on the global stage.
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