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Concerns about European prospects for competitiveness, jobs and
growth are high on the European Union agenda and regulatory reform,
both at national and EU levels, is widely recognised as a crucial
tool for improving the performance of European companies. Despite
the single market, selective sectoral regulatory reform and certain
reforms at the national level, regulation in Europe still tends to
discourage new entrants, impede new production methods and inhibit
the exit of existing competitors. It often increases costs without
providing compensatory benefits, reduces operational flexibility
and distorts capital expenditure, creating obstacles to innovation.
The authors in this book argue that regulatory reform can, more
often than not, help improve the competitiveness of companies while
generating net growth effects for the European Union as a whole.In
this book, the authors discuss the horizontal issues involved in
regulatory reform. Following an extended introduction by the
editors, two general chapters address regulation and growth, and
the regulatory burdens and failures in Europe. Other chapters deal
with national competition policy, state aid, EU environmental
policy, reforms in product markets, labour market reforms, the
regulatory environment of small and new firms, and the current,
insufficient EU reforms to improve regulatory quality. Throughout
the book the authors aim to demonstrate how the market can function
more efficiently and offer policy recommendations to show how
regulatory reform can improve competitiveness at the firm level as
well as performance at the industry, national and EU levels.
The Association of Southeast Asian Nations (ASEAN) has experienced
rapid economic growth for many years. Although the population of
ASEAN is larger than the EU-28, the emerging ASEAN market, called
the ASEAN Economic Community (AEC), is still little understood by
policy makers in many parts of the world, by business professionals
and students, as well as by scholars in economics, business,
politics and economic law. This book provides, for the first time,
a rigorous analytical approach of the new AEC and its intricacies.
It sets out its ambition, scrutinises its economic integration
logic and detects its deficits. Besides a detailed analysis of the
AEC Roadmap, the book also elaborates on its achievements. Several
strategic economic options for the AEC, in particular as an
instrument to accelerate the economic development of the region,
are explored.
The Transatlantic Trade and Investment Partnership (TTIP) is an
effort by the United States and the European Union to reposition
themselves for a world of diffuse economic power and intensified
global competition. It is a next-generation economic negotiation
that breaks the mould of traditional trade agreements. At the heart
of the ongoing talks is the question whether and in which areas the
two major democratic actors in the global economy can address
costly frictions generated by their deep commercial integration by
aligning rules and other instruments. The aim is to reduce
duplication in various ways in areas where levels of regulatory
protection are equivalent as well as to foster wide-ranging
regulatory cooperation and set a benchmark for high-quality global
norms. In this volume, European and American experts explain the
economic context of TTIP and its geopolitical implications, and
then explore the challenges and consequences of US-EU negotiations
across numerous sensitive areas, ranging from food safety and
public procurement to economic and regulatory assessments of
technical barriers to trade, automotive, chemicals, energy,
services, investor-state dispute settlement mechanisms and
regulatory cooperation. Their insights cut through the confusion
and tremendous public controversies now swirling around TTIP, and
help decision-makers understand how the United States and the
European Union can remain rule-makers rather than rule-takers in a
globalising world in which their relative influence is waning.
Concerns about European prospects for competitiveness, jobs and
growth are high on the European Union agenda and regulatory reform,
both at national and EU levels, is widely recognised as a crucial
tool for improving the performance of European companies. Despite
the single market, selective sectoral regulatory reform and certain
reforms at the national level, regulation in Europe still tends to
discourage new entrants, impede new production methods and inhibit
the exit of existing competitors. It often increases costs without
providing compensatory benefits, reduces operational flexibility
and distorts capital expenditure, creating obstacles to innovation.
The authors in this book argue that regulatory reform can, more
often than not, help improve the competitiveness of companies while
generating net growth effects for the European Union as a whole.In
this second volume, the authors discuss the vertical issues
involved in regulatory reform. The authors describe in detail the
regulatory reforms which are needed or have been initiated in nine
major industrial sectors, including automobiles, textiles and
clothing, retail trade, chemicals, banking, road transport,
telecoms, electricity and (scheduled) air transport. In the
companion volume, Regulatory Reform and Competitiveness in Europe,
1: Horizontal Issues, the authors address regulation and growth,
and the regulatory burdens and failures in Europe. The book also
deals with national competition policy, state aids, EU
environmental policy, reforms in product markets, labour market
reforms, the regulatory environment of small and new firms, and the
current, insufficient, EU reforms to improve regulatory quality.
This CEPS book comprises a first-ever economic and regulatory
analysis of a possible Free Trade Area (FTA) between China and the
EU, whose design is supposed to be 'deep and comprehensive'. It
provides an overview of the global economic environment in which
EU-Chinese economic relations have developed in recent years,
including global value chains linking the two economies. The
substance of the FTA design is then elaborated in nine, largely
empirical and technical chapters ranging from tariff analysis (at
the 6- and 8-digit level) and technical barriers to trade, to
services, government procurement and investment. A third part
comprises a CGE-model-based empirical simulation of the economic
effects on GDP per member state (and on China), bilateral trade in
goods and services, wages for workers with three distinct
skill-levels and a series of goods and services sectors. The
year-long study was led by Jacques Pelkmans of CEPS, and the
research was carried out by a team of trade specialists at CEPS in
partnership with another team of researchers led by Prof. Joseph
Francois of the World Trade Institute (WTI) in Bern.
This CEPS book comprises a first-ever economic and regulatory
analysis of a possible Free Trade Area (FTA) between China and the
EU, whose design is supposed to be 'deep and comprehensive'. It
provides an overview of the global economic environment in which
EU-Chinese economic relations have developed in recent years,
including global value chains linking the two economies. The
substance of the FTA design is then elaborated in nine, largely
empirical and technical chapters ranging from tariff analysis (at
the 6- and 8-digit level) and technical barriers to trade, to
services, government procurement and investment. A third part
comprises a CGE-model-based empirical simulation of the economic
effects on GDP per member state (and on China), bilateral trade in
goods and services, wages for workers with three distinct
skill-levels and a series of goods and services sectors. The
year-long study was led by Jacques Pelkmans of CEPS, and the
research was carried out by a team of trade specialists at CEPS in
partnership with another team of researchers led by Prof. Joseph
Francois of the World Trade Institute (WTI) in Bern.
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