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Single Markets: Economic Integration in Europe and the United States

Author

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  • Egan, Michelle

    (American University)

Abstract

This timely book provides in-depth analytical comparison of the nineteenth century evolution of the American single market with corresponding political, economic, and social developments in post-WWII European efforts to create a single European market. Building the regulatory framework needed for successful adoption of an integrated single market across diverse political units represents one of the most important issues in comparative political economy. What accounts for the political success or failure in creating integrated markets in their respective territories? When social discontent threatens market integration with populist backlash, what must be done to create political support and greater legitimacy? Single Markets focuses on the creation of integrated economies, in which the United States and European Union experienced sharply contested ideas about the operation of their respective markets, conflict over the allocation of institutional authority, and pressure from competing political, economic, and social forces over the role and consequences of increased competition. Drawing upon four case studies, the book highlights the contestation surrounding the US and EUs efforts to create common currencies, expand their borders and territories, and deal with the pressures of populist parties, regional interests and varied fiscal and economic challenges. Theoretically, the book draws on work in European integration and American Political Development (APD) to illustrate that the consolidation of markets in the US and EU took place in conjunction with the expansion of state regulatory power and pressure for democratic reform. Single Markets situates the consolidation of single markets in the US and EU in a broader comparative context that draws on research in economics, public administration, political science, law, and history.

Suggested Citation

  • Egan, Michelle, 2015. "Single Markets: Economic Integration in Europe and the United States," OUP Catalogue, Oxford University Press, number 9780199280506.
  • Handle: RePEc:oxp:obooks:9780199280506
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    Cited by:

    1. Michelle Egan & Maria Helena Guimarães, 2017. "The Single Market: Trade Barriers and Trade Remedies," Journal of Common Market Studies, Wiley Blackwell, vol. 55(2), pages 294-311, March.
    2. Jörg Broschek, 2023. "Multilevel Trade Policy in the Joint‐Decision Trap? The Case of CETA," Politics and Governance, Cogitatio Press, vol. 11(3), pages 300-311.
    3. Kathleen R. McNamara, 2015. "JCMS Annual Review Lecture: Imagining Europe: The Cultural Foundations of EU Governance," Journal of Common Market Studies, Wiley Blackwell, vol. 53, pages 22-39, September.
    4. Jörg Broschek & Patricia M. Goff, 2022. "Explaining Sub‐Federal Variation in Trade Agreement Negotiations: The Case of CETA," Journal of Common Market Studies, Wiley Blackwell, vol. 60(3), pages 801-820, May.
    5. Jones, Jonathan & Serwicka, Ilona & Wren, Colin, 2018. "Economic integration, border costs and FDI location: Evidence from the fifth European Union enlargement," International Review of Economics & Finance, Elsevier, vol. 54(C), pages 193-205.
    6. Benjamin Bürbaumer, 2021. "The Limits of Traditional Bargaining under Deep Integration: TTIP Stumbling over Technical Barriers to Trade," Journal of Common Market Studies, Wiley Blackwell, vol. 59(5), pages 1069-1085, September.

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