Constructing Markets and Politics: The Formation of the European Union, 1958–2004

Neil Fligstein

in Euroclash

Published in print October 2009 | ISBN: 9780199580859
Published online October 2011 | e-ISBN: 9780191702297 | DOI:
Constructing Markets and Politics: The Formation of the European Union, 1958–2004

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The European Union (EU) started out as the European Coal and Steel Community (ECSC), an organization that was set up to control the levels of production in the coal and steel industries of Western Europe. In 1957, Belgium, France, Germany, Italy, Luxembourg, and the Netherlands took a quantum leap forward in integrating their economic policies by agreeing to the Treaty of Rome. The Treaty contained a set of blueprints for ongoing cooperation on issues of trade, labor, capital movements, and monetary policy. It created the European Economic Community (EEC), a permanent organization in Brussels to promote this cooperation. There have also been newer Treaties which have changed several important features of the EU and its decision-making processes. One of the most remarkable things is that almost all European governments of all political persuasions have found the benefits of membership to be positive for their economies.

Keywords: European Coal and Steel Community; European Union; Treaty of Rome; trade; labor; capital movements; monetary policy; European Economic Community; economic integration

Chapter.  12203 words.  Illustrated.

Subjects: European Union

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