ON A TRADE-OFF AUTONOMY - SYNERGY IN THE ECONOMIC INTEGRATION IN EU

Emil Dinga
Additional contact information
Emil Dinga: Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania

Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 175-182

Abstract: The European construction implies a certain degree of homogenization, both institutional and economic (see, for example, the process of economic nominal and real convergence). But, as it is well-known from theory of systems, the synergy effects come particularly inside the heterogeneous systems. The paper examines such issue, from three perspectives: the abstract supra-systems which integrate distinct systems; the concrete European Union integrated system; the desirable European Union which should maximize the synergic effect of integration. The main conclusion of the study requires the national (at least economic) systems should exhibit some a degree of autonomy (both institutional and economic) in order to reach the greatest beneficial of the integration process for all member states.

Keywords: European Union; economic integration; synergy; autonomy; optimization (search for similar items in EconPapers)
JEL-codes: E02 F02 K00 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol8i1p175-182.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:8:y:2020:i:1:p:175-182

Access Statistics for this article

More articles in Journal of Financial and Monetary Economics from Centre of Financial and Monetary Research "Victor Slavescu" Contact information at EDIRC.
Bibliographic data for series maintained by Daniel Mateescu ().