European Union: Post Crisis Challenges and Prospects for Growth

Description

This book discusses the unprecedented impact of the financial and economic crisis on government finances and economic performance across Europe, which has raised skepticism on the ability of the current course of integration to promote prosperity. Correspondingly, the European Union is about to contract for the first time in its history. This timely book covers the economic issues that challenge the future of integration in Europe. The chapters are authored by international experts and examine current and emerging challenges and trends for the European Union: economic convergence, monetary policy, competition law, transport policy, the informal sector, employment, recovery and enlargement. Four chapters focus on Greece, which has been the greatest challenge faced by European institutions in the context of the sovereign debt crisis, and one chapter discusses the possible costs of Brexit. The reader will benefit from understanding the key economic challenges, which, if effectively addressed, will lead to deepening the union, or in contrast to a multi-speed Europe. Front Matter ....Pages i-xviii Post-crisis Growth Prospects in the European Union (Vasileios Vlachos, Aristidis Bitzenis)....Pages 1-16 Convergence Is Alive and Well in Europe (Daniel Gros)....Pages 17-36 Unconventional Monetary Policy in the USA and in Europe (Guerini Mattia, Lamperti Francesco, Mazzocchetti Andrea)....Pages 37-61 Time to Tidy Up EU Competition Law on Information Exchange Object Restriction Concerted Practices? (Mark Clough QC)....Pages 63-87 European Union Transport Policy (Tania Pantazi, Vasileios Vlachos)....Pages 89-110 Size of the Shadow Economies of 28 European Union Countries from 2003 to 2018 (Friedrich Schneider)....Pages 111-121 Evaluating the Prevalence and the Working Conditions of Dependent Self-Employment in the European Union (Colin C. Williams, Adrian V. Horodnic)....Pages 123-148 Political Economy, Inward Foreign Direct Investment and EU Accession of the Western Balkans (John Marangos, Eirini Triarchi, Themis Anthrakidis)....Pages 149-171 Greece as a Bridge to the Most Vibrant Region of the Next Decades (Karl Aiginger)....Pages 173-182 The Third Hellenic Economic Adjustment Program (Konstantinos J. Hazakis)....Pages 183-206 The Quality of Domestic Institutions as a Driver for the Initiation of Firms’ Exporting in the EU Post-crisis Period (Dimitris Manolopoulos)....Pages 207-230 Labour Market Duality Under the Insider-Outsider Theory, Labour Division, Rent-Seeking, and Clientelism (Achilleas Anagnostopoulos, Pyrros Papadimitriou)....Pages 231-249 How the Economics Profession Got It Wrong on Brexit (Ken Coutts, Graham Gudgin, Jordan Buchanan)....Pages 251-278 Back Matter ....Pages 279-281