IDEAS home Printed from https://ideas.repec.org/p/usi/wpaper/595.html
   My bibliography  Save this paper

Europe, German Mercantilism and the Current Crisis

Author

Listed:
  • Sergio Cesaratto

Abstract

Contributions to Brancaccio and Fontana (2011) look at a variety of aspects of the current crisis, some of them focusing on the contingent financial causes, others on the underlying contradictions of capitalist economies. In this context, less attention has been paid to the role of Europe and particularly Germany. Europe has not been distinguished by an assertive and cooperative economic policy stance in the aftermath of the current crisis. German mercantilist policies are said to be behind the European policy stance and a source of regional and global imbalances. After a brief examination of the main pillars of European economic policy and German behaviour during the present crisis, these notes suggest an embryonic interpretation of the origins of mercantilist behaviour, dwelling on the nature of mercantilism in economic theory and commercial practice, and of the allegedly German mercantilist model. The suggested interpretation is that in the German case, the national mystique of a trade surplus may have had a role in disciplining the labour market and at the same time assuring profits. Recent developments in Spring 2010 have shown the gravity of the European imbalances in the global crisis (see Cesaratto 2010) and the relevance of the background issues discussed in the present paper.

Suggested Citation

  • Sergio Cesaratto, 2010. "Europe, German Mercantilism and the Current Crisis," Department of Economics University of Siena 595, Department of Economics, University of Siena.
  • Handle: RePEc:usi:wpaper:595
    as

    Download full text from publisher

    File URL: http://repec.deps.unisi.it/quaderni/595.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Buzan, Barry, 1984. "Economic structure and international security: the limits of the liberal Case," International Organization, Cambridge University Press, vol. 38(4), pages 597-624, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. L'uscita dell'euro redux: la Realpolitik colpisce ancora
      by Alberto Bagnai in Goofynomics on 2011-11-29 14:56:00

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sergio Cesaratto, 2014. "Balance of payments or monetary sovereignty? In search of the EMU’s original sin – a reply to Lavoie," a/ Working Papers Series 1406, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    2. Martin Klein & Tobias Weirowski, 2011. "Trade and Unemployment in Germany: An Empirical Exploration and Some Theory," Global Financial Markets Working Paper Series 2011-24, Friedrich-Schiller-University Jena.
    3. Sergio Cesaratto, 2010. "Alle origini della crisi europea in corso: spunti critici a margine di due rapporti della Commissione," Department of Economics University of Siena 596, Department of Economics, University of Siena.
    4. Sergio Cesaratto, 2013. "Harmonic and Conflict Views in International Economic Relations: a Sraffian View," Palgrave Macmillan Books, in: Enrico Sergio Levrero & Antonella Palumbo & Antonella Stirati (ed.), Sraffa and the Reconstruction of Economic Theory: Volume Two, chapter 10, pages 242-264, Palgrave Macmillan.
    5. Viljar Veebel, 2015. "Baltic Pathways from Liberal Trade Model to Neo-Mercantilism in the European Union," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(3 (Fall)), pages 213-229.
    6. Pasquale Tridico, "undated". "Economic policies and growth strategies after the crisis: different approaches in USA, Japan and EU," Working Papers 0015, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    7. Sergio Cesaratto, 2013. "The implications of TARGET2 in the European balance of payments crisis and beyond," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(3), pages 359-382.
    8. Bill Lucarelli, 2017. "Intra-eurozone Payments Imbalances: Implications for the TARGET2 Payments System," Review of Radical Political Economics, Union for Radical Political Economics, vol. 49(3), pages 343-357, September.
    9. Sergio Cesaratto, 2012. "Controversial and novel features of the Eurozone crisis as a balance of payment crisis," Department of Economics University of Siena 640, Department of Economics, University of Siena.
    10. Oliver Landmann, 2012. "Rotating Slumps in a Monetary Union," Open Economies Review, Springer, vol. 23(2), pages 303-317, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maryam Asghari & Elham Oliagard, 2017. "Trade and National Security: A Test for Best-Known Hypothesis," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(2), pages 403-431, Spring.
    2. Emilie M. Hafner-Burton & Alexander H. Montgomery, 2012. "War, Trade, and Distrust: Why Trade Agreements Don’t Always Keep the Peace," Conflict Management and Peace Science, Peace Science Society (International), vol. 29(3), pages 257-278, July.
    3. Rogelio Madrueño-Aguilar, 2016. "Human Security and the New Global Threats: Discourse, Taxonomy and Implications," Global Policy, London School of Economics and Political Science, vol. 7(2), pages 156-173, May.
    4. David H. Bearce & Eric O'N. Fisher, 2002. "Economic Geography, Trade, and War," Journal of Conflict Resolution, Peace Science Society (International), vol. 46(3), pages 365-393, June.
    5. Han, Xia & Lukoianove, Tatiana & Zhao, Shasha & Liu, Xiaohui, 2024. "International relations in international business research: A review and research agenda," Journal of Business Research, Elsevier, vol. 174(C).
    6. Hauwah K. K. Abdulkareem & Sodiq Olaiwola Jimoh & Ebenezer Olubiyi, 2023. "Trade–peace conundrum in Africa: The moderating effects of poverty and inequality," African Development Review, African Development Bank, vol. 35(4), pages 323-335, December.
    7. Jacklyne Achieng' Aput & Anita Ndoti Kiamba & Peter Kagwanja, 2023. "Public Diplomacy in Regional Integration: Strategizing Policy Goals," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(10), pages 368-384, October.
    8. Edward D. Mansfield & Brian M. Pollins, 2001. "The Study of Interdependence and Conflict," Journal of Conflict Resolution, Peace Science Society (International), vol. 45(6), pages 834-859, December.
    9. Reuveny Rafael, 2000. "The Trade and Conflict Debate: A Survey of Theory, Evidence and Future Research," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 6(1), pages 1-29, January.
    10. Lee, Yusin, 2017. "Interdependence, issue importance, and the 2009 Russia-Ukraine gas conflict," Energy Policy, Elsevier, vol. 102(C), pages 199-209.
    11. Mau, Steffen & Kamlage, Jan-Hendrik & Kathmann, Till & Wrobel, Sonja, 2007. "Staatlichkeit, Territorialgrenzen und Personenmobilität," TranState Working Papers 51, University of Bremen, Collaborative Research Center 597: Transformations of the State.
    12. Corneliu MUNTEANU, 2018. "Evaluation Of The Level Of Moldova’S Economic Security In The Process Of European Integration," EURINT, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5, pages 182-198.
    13. Håvard Hegre, 2005. "Development and the Liberal Peace," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 31, pages 17-46.
    14. Jacklyne Aput & Dr. Anita Kiamba & Prof. Peter Kagwanja, 2022. "An assessment of the nexus between ethno-politics and public diplomacy in Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(9), pages 487-495, September.
    15. Boris Coretchi, 2018. "Impact of the Innovative Capital on the Security of the National Economy," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 7(1), pages 56-63, April.
    16. Faruk Balli & Hatice Ozer Balli & Mudassar Hasan & Russell Gregory-Allen, 2022. "Geopolitical risk spillovers and its determinants," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 68(2), pages 463-500, April.

    More about this item

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • F1 - International Economics - - Trade
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usi:wpaper:595. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Fabrizio Becatti (email available below). General contact details of provider: https://edirc.repec.org/data/desieit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.