Corvinus
Corvinus

Governance in the European Union - Applying the "trilemma of global politics"

Vigvári, Gábor (2011) Governance in the European Union - Applying the "trilemma of global politics". Global Business & Economics Anthology (2). pp. 541-552.

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Abstract

The European Union with its sophisticated institutional system is the most important regional integration on Earth. This tight form of economic integration converges to the level that Dani Rodrik calls hyperglobalization in his model, the political trilemma of globalisation. In our paper we develop the mentioned model and then we apply it to the case of the European Integration. We argue that if we want to maintain the deep integration among member states in the EU we have to pass more and more functions of the nation states to the federation level. In case of the EMU that means that federal fiscal policy is needed which could lead to multi-speed Europe considering new member states’ reluctance to give up their specific institutions.

Item Type:Article
Uncontrolled Keywords:European Integration, multi-speed Europe, fiscal policy
Subjects:Economic policy
International relations
Projects:TAMOP-4.2.1/B/09/KMR-2010-0005
ID Code:707
Deposited By: Ádám Hoffmann
Deposited On:26 Jun 2012 14:46
Last Modified:03 Jul 2012 01:27

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