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This book brings together contributions from leading scholars around the world on the most relevant and pressing economic themes surrounding the UK-EU relationship. With chapters spanning from the UK's accession to the bloc to the aftermath of its decision to leave, the book explores key themes in UK economic growth and EU membership, international trade, foreign direct investment, financial markets and migration. Chapters interrogate the history of the relationship, the depth of foreign direct investment, and responses to the financial crisis. Considering both the history and future of UK and EU relations, the book is a relevant and timely volume that gives welcome context to a fast-changing relationship.
The economic and political transition in Central and Eastern Europe
has now entered its second decade. Although the post-communist
countries shared many similarities at the outset of the transition,
their economic and political experiences have been strongly
divergent. Some countries succeeded in stabilizing their economies
and are now set on course toward rapid growth, convergence, and
accession to the European Union. Others, however, experienced
severe and protracted recessions and their prospects for sustained
recovery are still doubtful. On the political front, the past
decade was marked similarly by important achievements but also
grave setbacks. While democracy became firmly embedded in a number
of post-communist countries, other transition countries reverted to
authoritarian rule and/or experienced breakdowns of law and order,
inter-ethnic conflicts, or even outright civil wars.
This book brings together contributions from leading scholars around the world on the most relevant and pressing economic themes surrounding the UK-EU relationship. With chapters spanning from the UK's accession to the bloc to the aftermath of its decision to leave, the book explores key themes in UK economic growth and EU membership, international trade, foreign direct investment, financial markets and migration. Chapters interrogate the history of the relationship, the depth of foreign direct investment, and responses to the financial crisis. Considering both the history and future of UK and EU relations, the book is a relevant and timely volume that gives welcome context to a fast-changing relationship.
The economic and political transition in Central and Eastern Europe
has now entered its second decade. Although the post-communist
countries shared many similarities at the outset of the transition,
their economic and political experiences have been strongly
divergent. Some countries succeeded in stabilizing their economies
and are now set on course toward rapid growth, convergence, and
accession to the European Union. Others, however, experienced
severe and protracted recessions and their prospects for sustained
recovery are still doubtful. On the political front, the past
decade was marked similarly by important achievements but also
grave setbacks. While democracy became firmly embedded in a number
of post-communist countries, other transition countries reverted to
authoritarian rule and/or experienced breakdowns of law and order,
inter-ethnic conflicts, or even outright civil wars.
In contrast to the USA, Europe has struggled to return to the growth path it was on prior to the financial crisis of 2007-11. Not only has the recovery been slow, it has also been variable with Europe's core countries recovering more quickly than those on the periphery. It is widely believed that the best way to address this slow recovery is through structural reform programmes whereby changes in government policy, regulatory frameworks, investment incentives and labour markets are used to encourage more efficient markets and higher economic growth. This book is the first to provide a critical assessment of these reforms, with a new theoretical framework, new data and new empirical methodologies. It includes several case studies of countries such as Greece, Portugal and France that introduced significant reforms, revealing that such programmes have very divergent, and not always positive, effects on economic growth, employment and income inequality.
Reforms in labour and product markets play a central role in government policies. The Political Economy of Structural Reforms in Europe takes stock of current frontier work. It brings together leading contributions from academia, the central banks in Europe, and the OECD to argue that structural reforms can make a fundamental contribution to improve economic performance across Europe. The Political Economy of Structural Reforms in Europe brings together theoretical and empirical studies that address the potential role of structural reforms in restoring macroeconomic stability, resuming economic growth, addressing income inequality, and grappling secular stagnation. It throws new light on the determinants and effects of structural reforms and on how these shape the European integration experience.
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