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 globalization and the new economy. For the sake of sustainability of its model but also to sustain support for globalization the European Union (EU) needs to take economic advantage of globalization 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 liberalization 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 globalization.
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Bibliographic InfoPaper provided by NIPE - Universidade do Minho in its series NIPE Working Papers with number 20/2007.
Date of creation: 2007
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Other versions of this item:
- Annette Bongardt & Francisco Torres, 2007. "Is the “European Model” viable in a globalized world?," Working Papers de Economia (Economics Working Papers) 46, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
- 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:
- NEP-ALL-2007-11-03 (All new papers)
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