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European Integration and the Future Institutions of Europe

Author

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  • Harald Badinger

    (Department of Economics, Vienna University of Economics and Business)

Abstract

This article summarizes a talk, given at the conference From Bretton Woods to Berlaymont: Globalisation, Integration and the Future of Europe, organized by KOF Swiss Economic Institute and ETH Zurich from 22-23 March 2018. It highlights the complexity and multidimensional nature of the question about the future development of the European Union. It argues that there is a need for rebalancing subsidiarity and supranationality, but that the assignment of tasks and the ‘optimal’ degree of centralization has to be judged on a case-by-case basis, differentiated by policy area. Moreover, it emphasizes the need to draw a line between what is desirable from a scientific perspective and can be judged by objective standards and what is desirable from a political perspective, which will vary a lot with political preferences. Finally, it argues that, at least in the short- to medium-run, economic integration should be given priority over political integration.

Suggested Citation

  • Harald Badinger, 2018. "European Integration and the Future Institutions of Europe," Department of Economics Working Papers wuwp264, Vienna University of Economics and Business, Department of Economics.
    • Handle: RePEc:wiw:wiwwuw:wuwp264
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    References listed on IDEAS

    as
    1. Jean-Pierre Danthine, 2017. "Subsidiarity: The forgotten concept at the core of Europe's existential crisis," PSE-Ecole d'économie de Paris (Postprint) hal-01884333, HAL.
    2. Sapir, Andre & Aghion, Philippe & Bertola, Giuseppe & Hellwig, Martin & Pisani-Ferry, Jean & Rosati, Dariusz & Vinals, Jose & Wallace, Helen, 2004. "An Agenda for a Growing Europe: The Sapir Report," OUP Catalogue, Oxford University Press, number 9780199271498.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    European Union; Institutions;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration

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