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On A Trade-Off Autonomy - Synergy In The Economic Integration In Eu

Author

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  • DINGA, Emil

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

The European construction implies a certain degree of homogenization, both institutional and economic (see, for example, the process of economic nominal and real convergence). But, as it is well-known from theory of systems, the synergy effects come particularly inside the heterogeneous systems. The paper examines such issue, from three perspectives: the abstract supra-systems which integrate distinct systems; the concrete European Union integrated system; the desirable European Union which should maximize the synergic effect of integration. The main conclusion of the study requires the national (at least economic) systems should exhibit some a degree of autonomy (both institutional and economic) in order to reach the greatest beneficial of the integration process for all member states.

Suggested Citation

  • DINGA, Emil, 2020. "On A Trade-Off Autonomy - Synergy In The Economic Integration In Eu," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 175-182, October.
    • Handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:175-182
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    References listed on IDEAS

    as
    1. Lifeng Lin & Haitao Chu & James S. Hodges, 2017. "Alternative measures of between-study heterogeneity in meta-analysis: Reducing the impact of outlying studies," Biometrics, The International Biometric Society, vol. 73(1), pages 156-166, March.
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    More about this item

    Keywords

    European Union; economic integration; synergy; autonomy; optimization;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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