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The Evolving Architecture of Europe: Functioning or Dysfunctional for the Twenty-First Century?

Author

Listed:
  • Paul Hare

    (Heriot-Watt University)

  • Richard Stoneman

    (International Consultant)

Abstract

From modest beginnings in 1957, the EU has since evolved both by deepening – adding new tasks and responsibilities to the Commission’s remit – and by widening – adding new members in a series of accessions, to arrive at the present 28 member states. A new complication was the UK’s referendum in June 2016 that opted for Brexit. The EU’s evolution by enlargement is examined, followed by an outline of the major EU institutions and the links between them. This includes EU engagement with the wider world via trade deals and aid. The suitability of the EU’s acquis for applicant states and countries in the EU neighbourhood is reviewed, followed by an assessment of the overall EU ‘Model’. Having appeared to function well and deliver significant benefits to the member states, the ‘Model’ has performed far less well since the 2007–2009 financial crisis, revealing major weaknesses in the Union’s capabilities. The EU needs new, more flexible economic models, as well as new modes of engagement, both internally and with its various partners. In addition, the EU’s political model needs reform, both to deal with the democratic deficit and to provide for more effective decision-making.

Suggested Citation

  • Paul Hare & Richard Stoneman, 2017. "The Evolving Architecture of Europe: Functioning or Dysfunctional for the Twenty-First Century?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(4), pages 433-471, December.
  • Handle: RePEc:pal:compes:v:59:y:2017:i:4:d:10.1057_s41294-017-0031-7
    DOI: 10.1057/s41294-017-0031-7
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    References listed on IDEAS

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    1. Hans‐Werner Sinn, 2002. "Germany’s Economic Unification: An Assessment after Ten Years," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 113-128, February.
    2. Sinn, Hans-Werner, 2017. "The Euro Trap: On Bursting Bubbles, Budgets, and Beliefs," OUP Catalogue, Oxford University Press, number 9780198791447.
    3. Wendy Carlin, 2010. "Good Institutions are not enough: Ongoing Challenges of East German Development," CESifo Working Paper Series 3204, CESifo.
    4. Hartwell,Christopher A., 2016. "Two Roads Diverge," Cambridge Books, Cambridge University Press, number 9781107530980, September.
    5. Mihály Borsi & Norbert Metiu, 2015. "The evolution of economic convergence in the European Union," Empirical Economics, Springer, vol. 48(2), pages 657-681, March.
    6. Michael C. Burda & Jennifer Hunt, 2001. "From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 32(2), pages 1-92.
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    Cited by:

    1. Jakub Borowski & Adam Czerniak & Beáta Farkas, 2023. "Diverse Models of Capitalism and Synchronization of Business Cycles," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(4), pages 681-712, December.

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    More about this item

    Keywords

    growth; enlargement; EU institutions; neighbourhood; Brexit; economic models;
    All these keywords.

    JEL classification:

    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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