How will EMU affect cohesion?
AbstractThe new policy environment of EMU affects economic, political, and social cohesion in different ways: the policy mix and menu will be reconfigured; it will provide for more macroeconomic stability in cohesion countries; economic competition will intensify and change patterns of specialisation; and comparison of living standards will become easier which puts pressure on policymakers to reduce inequalities. This article assesses the significance of these effects and their likely consequences in the short, medium and long run. Then the salient cohesion issues regarding Eastern enlargement are discussed. Finally, policy conclusions are drawn, mindful of the considerable uncertainties that warrant further research.
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Bibliographic InfoArticle provided by Springer in its journal Intereconomics.
Volume (Year): 37 (2002)
Issue (Month): 6 (November)
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Web page: http://www.springerlink.com/link.asp?id=113472
Other versions of this item:
- Brian Ardy & Iain Begg & Waltraud Schelkle & Francisco Torres, 2003. "How will EMU affect Cohesion?," Working Papers de Economia (Economics Working Papers) 06, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - General
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