European Integration

Transcription

1 A European Integration Methods and Economic Analysis Second Edition JACQUES PELKMANS /-f,./ FINANCIAL TIMES Prentice Hall An imprint of Pearson Education Harlow, England London New York Reading, Massachusetts San Francisco Toronto Don Mills, Ontario Sydney Tokyo Singapore Hong Kong Seoul Taipei Cape Town Madrid Mexico City Amsterdam Munich Paris Milan

2 Contents List of Tables & Figures List of Case Studies Preface Preface to the first edition Acknowledgements How to read this book List of Abbreviations x xiii xv xvii xviii xix xx Part 1 Foundation Chapter 1 What is Economic Integration? Chapter 2 Chapter Definition and significance 1.2 Economic and political integration Institutional aspects of economic integration 1.3 Market integration and other forms 1.4 The stages of economic integration 1.5 Economic integration and the WTO 1.6 Economic integration and economic federalism 1.7 Summary Appendix 1.1 European Institutions - a brief guide Appendix 1.2 New numbering of treaty articles following Amsterdam Developing Economic Integration in the Union 2.1 How Western Europe's regionalism emerged 2.2 Aspirations of the founders 2.3 Deepening, widening and enlargement 2.4 Aspirations of the Maastricht Treaty 2.5 Meaning of the Amsterdam Treaty 2.6 Summary Economifc Constitution of the EU 3.1 An economic constitution for integration 3.2 The economic constitution in the Rome Treaty 3.3 The value-added of the Single Act 3.4 The Maastricht Treaty 3.5 The incrementalism of the Amsterdam Treaty 3.6 Summary

3 Chapter 4 Subsidiarity and Economic Functions of the Union The economics of subsidiarity A subsidiarity test for the Union Subsidiarity and EU regulatory strategy Subsidiarity and non-regulatory EU functions Summary 64 Part 2 Internal market 67 Chapter 5 Product Market Integration: The Method The framework for product market integration Building the Customs Union From customs union to product market integration Removing barriers in the internal market Summary 91 Chapter 6 Product Market Integration: Economic Analysis The basic theory of customs union Customs union and technical efficiency Customs union and decreasing costs Empirical studies The pro-competitive effects of a customs union The economic impact of EC Price convergence in the internal market Summary 116 Chapter 7 Services Market Integration: The Method and Economic Analysis us 7.1 The legal framework for services market integration Why regulate: market failures in services Financial services: the EU regulatory framework Financial services: the economic impact Road haulage Summary 137 Chapter 8 The internal market for network industries Network industries and the EC treaty The economics of network industries Airtransport / Telecoms Summary 160

4 Chapter 9 Factor Market Integration: The Method 162 Chapter Financial capital 9.2 Labour 9.3 Technology and commercial ideas 9.4 Corporate control and mobility of tangible assets 9.5 Summary Factor Market Integration: Economic Analysis 10.1 Factor mobility in simple two-country models 10.2 Economic significance of factor market integration 10.3 The EU financial capital market 10.4 An emerging Euro-labour market? 10.5 An EU market for technology? 10.6 Europeanisation of business 10.7 Locational competition for mobile assets 10.8 Summary Part 3 Common Policies Chapter 11 Common Agricultural Policy Chapter A case for the CAP? 11.2 Objectives, principles and instruments 11.3 Income protection, alternative CAP methods 11.4 Assessing the CAP in actual practice 11.5 Reforming the CAP 11.6 Summary EC Competition Policy 12.,i Why EC competition policy? The Community's competition regime Anti-collusion policy Anti-monopoly policy Merger control Controlling state aids Summary Chapter 13 Common Trade Policy 13.1 Why a common trade policy? 13.2 Principle, objectives and instruments 13.3 Types of EC trade policy 13.4 Tariff protection 13.5 Volume protection 13.6 Anti-dumping: trade policy instead of competition policy 13.7 Preferential trade policy

5 13.8 Multilateral trade policy Summary 270 Chapter 14 EC Industrial Policy How to justify industrial policy Why a common industrial policy? Sector policies EC technology policies Horizontal policies Summary 290 Part 4 Equity, Stabilisation and Extension 291 Chapter 15 Equity for the Union? Social Policy, Cohesion and the EU Budget The small social acquis of the Union Subsidiarity and social policy The economics of cohesion Cohesion policies and subsidiarity The Structural Funds and real convergence The fundamental dilemma of the EU budget Summary 314 Chapter 16 European Macro-economic Cooperation Macro-economic cooperation under the Rome Treaty Autonomy versus cooperation in a Mundell-Fleming model New approaches to macro-economic policy making The European Monetary System Why beyond the EMS? Summary 340 Chapter 17 Economic and Monetary Union The costs and benefits of monetary union Economic union Towards monetary union What kind of monetary union? Micro-macro links in euroland Monetary and fiscal policies External aspects of the euro Summary 368 Chapter 18 Pan-European Economic Integration Economic analysis of a free trade area EFTA moving into the Union The pan-european process under way 376

6 Contents 18.4 Economic integration with Central Europe The Mediterranean connection Summary 388 Bibliography 390 Index 407