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A single minded European representation? From illusion and delusion to reality of a European single seat

Author

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  • Miguel Rocha de Sousa

    (Universidade de Évora, Departamento de Economia e NICPRI-UE)

Abstract

We justify why a single seat from European members in international fora might be preferable than a multitude of seats. Leech and Leech (2005), Eichengreen (2008) proposed this reform at the IMF. Why? Even though nowadays European Union has an aggregate voting power that is higher than its? respective (expected) share in world output or population weight; If the single seat is obtained, more coordinated expected outcomes can be achieved. This line of reasoning is compatible with the single mindedness theory created by Mulligan and Sala-I-Martin and further extended by Canegrati. Focusing in one policy gives more political power for the single European seat.

Suggested Citation

  • Miguel Rocha de Sousa, 2010. "A single minded European representation? From illusion and delusion to reality of a European single seat," Economics Working Papers 2_2010, University of Évora, Department of Economics (Portugal).
    • Handle: RePEc:evo:wpecon:2_2010
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    File URL: http://hdl.handle.net/10174/8472
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    References listed on IDEAS

    as
    1. Leech, Dennis & Leech, Robert, 2005. "Voting Power Implications of a Unified European Representation at the IMF," Economic Research Papers 269614, University of Warwick - Department of Economics.
    2. Emanuele Canegrati, 2008. "The Single Mindedness Theory Micro-foundation and Application to Labor Market," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 20.
    3. Emanuele, Canegrati, 2007. "A Single-Mindedness model with n generations," MPRA Paper 2548, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Coordination; EU; International Organizations Reform; IMF; Political economy models; Single European seat; Single mindedness theory; Voting power;
    All these keywords.

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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