The European Union began with efforts in the Cold War era to foster                  economic integration among a few Western European countries. Today's EU constitutes                  an upper tier of government that affects almost every level of policymaking in each                  of its twenty-seven member states. The recent financial and economic crises have                  tested this still-evolving institutional framework, and this book surveys key                  economic challenges faced by the EU. Prominent European economists examine such                  topics as the stability of the financial markets and possible policy options to                  reduce future vulnerability to crises, including Glass-Steagull-style narrow                  banking; the effect of emerging economies such as China and India on Europe's                  economic position; the protection of national interests in industrial policy;                  reforming and preserving the welfare state in the face of unemployment, population                  aging, and worker mobility within the EU; and improving the EU's institutional                  framework by reassigning responsibilities among supranational, national, and local                  governments. Among the conclusions that emerge from these analyses are the necessity                  for banking regulation as well as budgetary discipline; the need to consider global                  as well as European integration; and the idea that an environment that fosters                  internal competition will increase Europe's competitiveness                  internationally.

The Continuing Evolution of Europe (CESifo Seminar Series) PDF

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