Towards the European integration model perspectives

E. S. Akopova () and S. E. Akopov
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E. S. Akopova: Rostov State Economical University Rostov, Russia
S. E. Akopov: North Caucasian Federal University (NCFU), Russia

Review of Applied Socio-Economic Research, 2012, vol. 4, issue 2, 5-10

Abstract: European integration within the booming European Union with its original as well as emerging members became a prominent example of sustainable economic growth, employment and social and ecologic development. However, conditions throughout the EU are not the same everywhere; moreover, they change drastically due to demographic processes and migration, which have a huge impact on the social structures and social policy, correspondingly. During the year 2011 it became clear that the last financial and economic crisis not simply had a negative impact on dynamics of economic development of EU, but revealed deep contradictions in European integration model. These processes (quite often accompanied by erroneous anti-recessionary steps of the national governments of EU countries) led to the aggravation of the whole range of economic and social problems in the European states. For instance, expected measures including rigid economy of the budgetary expenses have a boomerang effect, i.e. cause reduction of consumer demand and investment activity; therefore growth rates of gross domestic product slow down as well. As a result, the budgetary incomes continue to shrink while sufficient deficiencies and the related new loans remain. Finally, Greece and other problem states get to the 'vicious circle'. We aim to discuss some issues concerning the European integration project and its reasonability: to define the degree of national EU member states' responsibility in regard to their national economic and social policy, to assess possibilities of restriction of their sovereignty within EU, to analyze peripheral relations’ overcoming within EU when Germany and some of the most successful member countries tend to be “locomotives of economic growth” and the centers of key economic decision-making which are only applied on other states of EU.

Keywords: Europe; European Union; European integration; crisis; economic growth; national states. (search for similar items in EconPapers)
JEL-codes: P44 P47 P48 P52 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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