The EMU and the Regional Policy Agenda: a General Exploration

Carl Devos
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Carl Devos: University of Ghent

Chapter 14 in Regional Convergence in the European Union, 2002, pp 319-337 from Springer

Abstract: Abstract A decade ago, globalisation was considered as one of the most influential restraints of national and (micro-) regional policy. For many years, that buzzword shaped popular perceptions that the world was heading for a fundamental shift, a kind of all-changing ‘great transformation’ (Polanyi 1944). Several authors and actors believed that in the 21st globalisation-century, neither time nor place, neither history nor geography would matter, that capital would ‘source all over the globe’, along and across borders, looking for the ultimate cost-reducing site. In this battle of all against all, no single political authority would be immune to the disciplining force of globalisation, so the story goes. In order to keep one’s head above water, the rigid and corpulent states —especially the European ‘Keynesian’ welfare state— should transform themselves towards a more adjusted form of political authority, if they were to survive the ‘contexte nouveau’ (Lafay 1996). After all, globalisation was setting states against states, (micro and macro) regions against regions. ‘You can run, but you can’t hide’ or ‘there is no alternative’ were popular mantras symbolising the state of mind of those days.

Keywords: Welfare State; Regional Policy; Regional Authority; Monetary Union; Political Authority (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1007/978-3-662-04788-0_14

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