 ON A TRADE-OFF RESILIENCE – CONVERGENCE IN THE ECONOMIC INTEGRATION IN EUEmil Dinga
Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 183-189 Abstract: The paper is focused on a possible trade-off which could arise between resilience and convergence in the process of Economic integration within European Union. The basic idea is the following: resilience requires some degree of differentiation, which is contradictory with the convergence in the economic field (but necessarily in the institutional one, as well). So, it seems the opportunity cost of the resilience is the convergence and vice versa. In such a context, the paper examines the risks and the associated costs in handling both the resilience property of the European integrated economy and the convergence process of the European integration. The main result is that the economic (and institutional) convergence must be limited to a sustainable degree which can also ensure the resilience of the European economy face to the rest of economic world. Keywords: resilience; convergence; EU; trade-off; opportunity cost (search for similar items in EconPapers) Downloads: (external link) Related works: 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:183-189 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. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.