The European crisis and global economy dynamics: Continental enlargement versus Atlantic opening
The fundamental idea we discuss in this paper is that the failure of Europe to deal with the international crisis is due, first and foremost, to the deepening of a more specific crisis that affected the very process of European integration and developed through two main channels: one, broad...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2014-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2014/1452-595X1405543M.pdf |
| Summary: | The fundamental idea we discuss in this paper is that the failure of Europe
to deal with the international crisis is due, first and foremost, to the
deepening of a more specific crisis that affected the very process of
European integration and developed through two main channels: one, broader,
linked to the erosion of the original driving forces underpinning integration
in Europe; another, more circumscribed, linked to the malfunctioning of the
euro as an internal adjustment mechanism of the currency zone. To deal with
these structural dimensions of the crisis, we put forward a model of a Global
Europe against the model of Continental Europe that has dominated the
integration process until now and in this alternative framework we discuss
the potential role of Portugal and of the Community of Portuguese Speaking
Countries. |
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| ISSN: | 1452-595X 2217-2386 |