A single minded European representation? From illusion and delusion to reality of a European single seat
AbstractWe 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.
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Bibliographic InfoPaper provided by University of Évora, Department of Economics (Portugal) in its series Economics Working Papers with number 2_2010.
Length: 15 pages
Date of creation: 2010
Date of revision:
Coordination; EU; International Organizations Reform; IMF; Political economy models; Single European seat; Single mindedness theory; Voting power;
Find related papers by 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-02 (All new papers)
- NEP-CDM-2010-05-02 (Collective Decision-Making)
- NEP-POL-2010-05-02 (Positive Political Economics)
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