Is the “European Model” viable in a globalized world?
AbstractThe issue of whether the 'European model' is viable in a globalized world raises the question as to what defines and conditions any European model and its competitiveness in the context of globalisation and the new economy. For the sake of sustainability of its model but also to sustain support for globalisation the European Union (EU) needs to take economic advantage of globalisation and the knowledge-based economy. Challenges in a high-cost, high-productivity economy mean that there is a premium on dynamic efficiency gains from the liberalisation and reform of markets and an economic and institutional framework that fosters innovation and flexible adjustment. The paper examines how the EU deals with governance issues and political economy factors from this perspective. The EU model, if able to legitimize itself with respect to the European integration process may as well contribute to a legitimate political governance of globalisation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro in its series Working Papers de Economia (Economics Working Papers) with number 46.
Length: 14 pages
Date of creation: May 2007
Date of revision:
Globalisation; Liberalisation; European regulatory model and economic integration; Preferential trade; Global and European Governance; European Union; Single Market; Lisbon Agenda.;
Other versions of this item:
- Francisco Torres & Annette Bongardt, 2007. "Is the ‘European Model’ viable in a globalized world?," NIPE Working Papers 20/2007, NIPE - Universidade do Minho.
- F15 - International Economics - - Trade - - - Economic Integration
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F50 - International Economics - - International Relations and International Political Economy - - - General
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Olivier Blanchard & Francesco Giavazzi, 2003.
"Macroeconomic Effects Of Regulation And Deregulation In Goods And Labor Markets,"
The Quarterly Journal of Economics,
MIT Press, vol. 118(3), pages 879-907, August.
- Blanchard, Olivier J & Giavazzi, Francesco, 2001. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labour Markets," CEPR Discussion Papers 2713, C.E.P.R. Discussion Papers.
- Olivier Blanchard & Francesco Giavazzi, . "Macroeconomic effects of regulation and deregulation in goods and labor markets," Working Papers 187, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
- Olivier Blanchard & Francesco Giavazzi, 2001. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," NBER Working Papers 8120, National Bureau of Economic Research, Inc.
- Alan Ahearne & Jean Pisani-Ferry & AndrÃ© Sapir & Nicolas VÃ©ron, 2006.
"Global governance: an agenda for Europe,"
- Olivier Blanchard, 2004.
"The Economic Future of Europe,"
NBER Working Papers
10310, National Bureau of Economic Research, Inc.
- Annette Bongardt & Francisco Torres, 2007.
"Institutions, Governance and Economic Growth in the EU: is there a role for the Lisbon Strategy?,"
Working Papers de Economia (Economics Working Papers)
45, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- Annette Bongardt* & Francisco Torres**, 2007. "Institutions, Governance and Economic Growth in the EU: Is There a Role for the Lisbon Strategy?," Intereconomics: Review of European Economic Policy, Springer, vol. 42(1), pages 32-42, January.
- Francisco Torres & Annette Bongardt, 2007. "Institutions, Governance and Economic Growth in the EU: is there a role for the Lisbon Strategy," NIPE Working Papers 19/2007, NIPE - Universidade do Minho.
- Jeffry Frieden, 2006. "Will global capitalism fall again?," Essays and Lectures 16, Bruegel.
- Annette Bongardt, 2005. "Competition Policy and EU Governance," Working Papers de Economia (Economics Working Papers) 28, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- Philippe Aghion, 2006. "A primer on innovation and growth," Policy Briefs 233, Bruegel.
- Juan Delgado, 2006. "Single market trails home bias," Policy Briefs 38, Bruegel.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marta Ferreira Dias).
If references are entirely missing, you can add them using this form.