Chapter

Economic governance in the European Union

André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava and Peter M. Smith

in An Agenda for a Growing Europe

Published in print March 2004 | ISBN: 9780199271481
Published online July 2005 | e-ISBN: 9780191602573 | DOI: http://dx.doi.org/10.1093/0199271488.003.0006
 Economic governance in the European Union

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This chapter examines the approaches to economic governance in the European Union. There are currently four basic approaches to governance: delegation, commitment, coordination, and autonomy. Four key weaknesses in governance have been identified: institutional complexity, a tension between responsibilities and instruments, a persistent difficulty in making commitment and coordination methods deliver, and uneven implementation and enforcement. These weaknesses undermine the economic performance of the current EU with 15 members, and may be more damaging in a Union with 25 members.

Keywords: European Union; economic governance; delegation; commitment; coordination; autonomy

Chapter.  7712 words.  Illustrated.

Subjects: Economic Systems

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