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Euro and the three Cs - competition, competitiveness, convergence

Author

Listed:
  • Iordan-Constantinescu, Nicolae

Abstract

The article argues that neither the EU member states, nor the EU candidate states give enough attention to the requirement of maintaining a high economic performance of their economies by convergence and competitiveness strategies, so that they could have "the capacity to cope with competitive pressures and market forces within the Union" and ensure the proper functioning of the single currency. Instead, by the synergy of internal market and single currency, coupled with a populist nationalistic policy at the level of most EU member states, ideal conditions were generated so that factors distribution spontaneously acts, as proved consistently and more visible during the latest financial and economic crisis, by the so-called countries' specialization, deindustrialization and a North-South rupture.

Suggested Citation

  • Iordan-Constantinescu, Nicolae, 2014. "Euro and the three Cs - competition, competitiveness, convergence," MPRA Paper 57980, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:57980
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    File URL: https://mpra.ub.uni-muenchen.de/57980/1/MPRA_paper_57980.pdf
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    References listed on IDEAS

    as
    1. Dany Lang & Benjamin Coriat & Henri Sterdyniak & Thomas Coutrot, 2012. "L’Europe mal-Traitée," Post-Print hal-01366024, HAL.
    Full references (including those not matched with items on IDEAS)

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    1. Iordan-Constantinescu, Nicolae & Dusa, Silvia, 2014. "Consideration on the single currency seen from a competitiveness perspective," MPRA Paper 56520, University Library of Munich, Germany.

    More about this item

    Keywords

    competitiveness; competition; convergence; euro; single currency; monetary policy;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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