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Europeanization and the Mechanics of Economic Policy Adjustment

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  • Schmidt, Vivien A.
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    Abstract

    To explain divergence in member-state policy adjustment in response to the economic pressures of globalization and Europeanization (distinguished from European integration as the impact of EU level decisions on national level policies and institutions), this paper identifies five mediating factors: economic vulnerability, political institutional capacity, policy legacies, policy preferences, and discourse. In addition to these factors, it outlines four institutional adjustment pressures, including when an EU model is required, recommended, suggested, or not, to help explain the differential outcomes to Europeanization, whether policy inertia, absorption, or transformation. To illustrate, it focuses on the policy responses of three countries, France, Britain, and Germany, in such sectors as monetary policy, financial services, telecommunications, electricity, transport, the environment, and employment.

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    Bibliographic Info

    Article provided by European Community Studies Association Austria (ECSA-A) in its journal European Integration online Papers (EIoP).

    Volume (Year): 5 (2001)
    Issue (Month): (06)
    Pages:

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    Handle: RePEc:erp:eiopxx:p0066

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    Related research

    Keywords: Europeanization; comparative public policy; economic policy; sectoral governance; globalization; France; U.K.; Germany; political science;

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    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Political Economy > The Political Economy of the European Union

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