European Integration and the Future Institutions of Europe

Badinger, Harald (2018) European Integration and the Future Institutions of Europe. Department of Economics Working Paper Series, 264. WU Vienna University of Economics and Business, Vienna.

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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.

Item Type: Paper
Keywords: European Union, Institutions
Classification Codes: JEL F02
Divisions: Departments > Volkswirtschaft
Depositing User: Claudia Tering-Raunig
Date Deposited: 16 Apr 2018 12:12
Last Modified: 22 Oct 2019 00:41
URI: https://epub.wu.ac.at/id/eprint/6249

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