Europe's Political Economy: The Search For Stability

Philomena Murray
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Philomena Murray: University of Melbourne, Australia

Chapter 7 in Handbook on International Political Economy, 2012, pp 89-106 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis chapter examines the political economy of the European Union (EU). It seeks to illustrate that the EU is not simply an economic project but rather that it is a political and social experiment in supranational and transnational cooperation. The economic imperatives of the EU are perhaps its most obvious characteristics, yet the political motivations behind it were clearly in evidence from its origins as a new international organisation that pooled national sovereignty in the aftermath of the devastation of the Second World War. The EU is both an economic and a political project, therefore, and as such has been distinguished by distinct phases of development. Economic policy was pursued at times for political ends, but both imperatives were evident from the beginning. In addition, a civic component was increasingly developed in terms of workers' rights and social policies…

Keywords: Political Economy; International Political Economy; Industrial Revolution; Liberal Capitalism; Markets; Production; Consumption; Trade; Finance; Globalization; Work; North/South; Gender; Environment (search for similar items in EconPapers)
Date: 2012
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