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  • Cited by 15
  • Larry Neal, University of Illinois, Urbana-Champaign
Publisher:
Cambridge University Press
Online publication date:
September 2012
Print publication year:
2007
Online ISBN:
9780511754142

Book description

This distinctive textbook combines comprehensive coverage of the key policy areas of the European Union with analysis of individual countries, including the recent accession countries and Turkey. Part I analyzes the economic bases for the rise of the European Union from its origins in the post-World War II recovery to its historic enlargement in 2004. Part II takes up the different nation-state perspectives on the EU's economic policies by looking in turn at all European countries, whether members of the EU or not. The book is unique in providing both an EU perspective and European nation-state perspective on the major policy issues which have arisen since the end of World War II, as well as putting the economic analysis into an historical narrative which emphasizes the responses of policy-makers to external shocks such as the Cold War, the oil shocks, German reunification, and the collapse of the Soviet Union.

Reviews

'Any student venturing to Europe for the first time should go in the company of Rick Steves and Larry Neal. Where Steves' guides provide an entertaining introduction to the main tourist sites, Neal's book offers an accessible analysis of Europe's major economies and institutions. Particularly valuable are Neal's historical walking tours, where he shows how powerfully Europe's history continues to influence its economic arrangements and performance. Highly recommended for the first-time visitor.'

Barry Eichengreen - University of California, Berkeley

'The author gives more than one analysis of Europe and the European Union, because he balances an insider's perspective with an American view on European economic structures. This makes this textbook indispensable for both the European and the non-European instructor and student.'

Gregor van der Beek - University of Koblenz-Landau

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Contents

Suggestions for further reading
Part I: The economics of the European Union
Chapter 5
Euromoney, September 1996;
European Economy 54, December 1993;
International Monetary Fund, World Economic Outlook, Washington, DC: October 1998;
Kindleberger, Charles, A Financial History of Western Europe, 2nd edn., New York: Oxford University Press, 1993;
Neal, Larry, and Daniel, Barbezat, The Economics of the European Union and the Economies of Europe, New York: Oxford University Press, 1998;
Roger, Scott, The Management of Foreign Exchange Reserves, Economic Paper no. 38, Basle: Bank for International Settlements, 1993; and
Ungerer, Horst, The European Monetary System: The Experience, 1979–82, Washington, DC: International Monetary Fund, 1983.
Chapter 11
Calleo, David P., Rethinking Europe's Future, Princeton, NJ: Princeton University Press, c.2001;
Cameron, Fraser, ed., The Future of Europe: Integration and Enlargement, London and New York: Routledge, 2004;
Kagan, Robert, Of Paradise and Power: America and Europe in the New World Order, New York: Alfred A. Knopf (distributed by Random House), 2003;
Lindberg, Tod, ed., Beyond Paradise and Power: Europe, America, and the Future of a Troubled Partnership, New York: Routledge, 2005;
Majone, Giandomenico, Dilemmas of European Integration: The Ambiguities and Pitfalls of Integration by Stealth, Oxford: Oxford University Press, 2005;
Sapir, André, An Agenda for a Growing Europe: The Sapir Report, Oxford and New York: Oxford University Press, 2004; and
Tsoukalis, Loukas, What Kind of Europe?, Oxford and New York: Oxford University Press, 2003.
Part II: The economies of Europe
Chapter 12 – Germany
Abelshauser, Werner, Wirtschaftsgeschichte der Bundesrepublik Deutschland 1945–1980, Frankfurt: Suhrkamp, 1983;
Berger, Helga, and Albrecht Ritschl, “Germany and the political economy of the Marshall Plan, 1947–52: a re-revisionist view,” in Barry, Eichengreen, ed., Europe's Post-War Recovery, Cambridge: Cambridge University Press, 1995;
Carlin, Wendy. “West German growth and institutions, 1945–90,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996;
Economist Intelligence Unit, Country Report: Germany, London: semi-annual “Main reports,” updated monthly;
Giersch, Herbert, Karl-Heinz Paqué, , and Holger, Schmieding, eds., The Fading Miracle: Four Decades of Market Economy in Germany, Cambridge: Cambridge University Press, 1992;
Hardach, Karl, The Political Economy of Germany in the Twentieth Century, Berkeley: University of California Press, 1980;
Kramer, Alan, The West German Economy, 1945–1955, German Studies Series, New York: Berg, 1991;
Lipschitz, Leslie, and Donogh, McDonald, eds., German Unification: Economic Issues, Occasional Paper no. 75, International Monetary Fund, Washington, DC: 1990;
Ritschl, Albrecht O., “An exercise in futility: East German economic growth and decline, 1945–89,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945. Cambridge: Cambridge University Press, 1996; and
Wallich, Henry C., The Mainsprings of the German Revival, New Haven, CT: Yale University Press, 1955.
Chapter 13 – France
Adams, William J., Restructuring the French Economy, Washington, DC: Brookings Institution, 1989;
Carré, Jean-Jacques, Paul, Dubois, and Edmond, Malinvaud, La Croissance française: un essai d'analyse économique causale de l'après-guerre, Paris: Le Seuil, 1972;
Divisia, François, René, Pupin, and René, Roy, A la recherche du franc perdu, Paris: Société d'Editions Hommes et Mondes, 1995;
Economist Intelligence Unit, Country Report: France, London: “Main reports” semi-annually, updates monthly;
James, Harold, International Monetary Cooperation since Bretton Woods, New York: Oxford University Press in conjunction with the International Monetary Fund, 1996;
Machin, Howard, and Vincent, Wright, eds., Economic Policy and Policy-Making under the Mitterrand Presidency, 1981–84, New York: St. Martin's Press, 1985;
Resnick, Stephen A., and Edwin M. Truman, “An empirical examination of bilateral trade flows in western Europe,” in Bela, Balassa, ed., European Economic Integration, Amsterdam: North-Holland, 1975;
Saint-Paul, Gilles, “Economic reconstruction in France: 1945–1958,” in Dornbusch, R., Layard, R., and Nolling, W., eds., Post-War Economic Reconstruction: Possible Lessons for Eastern Europe, Cambridge, MA: MIT Press, 1993;
Saint-Paul, Gilles, “France: real and monetary aspects of French exchange rate policy under the Fourth Republic,” in Barry, Eichengreen, ed., Europe's Post-War Recovery, Cambridge: Cambridge University Press, 1995;
Sautter, Christian, “France,” in Andrea, Boltho, ed., The European Economy: Growth and Crisis, Oxford: Oxford University Press, 1982; and
Sicsic, Pierre, and Charles Wyplosz, “France, 1945–92,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996.
Chapter 14 – United Kingdom
Alford, B. W. E., British Economic Performance, 1945–1975, Cambridge: Cambridge University Press, 1993;
Bean, Charles, and Nicholas Crafts, “British economic growth since 1945: relative economic decline … and renaissance?,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996;
Britton, A. J. C., Macroeconomic Policy in Britain 1974–1987, Cambridge: Cambridge University Press, 1991;
Broadberry, Steve, “Technological leadership and productivity leadership in manufacturing since the industrial revolution: implications for the convergence thesis,” Economic Journal 104, 1994, pp. 291–302;
Buxton, Tony, Paul, Chapman, and Paul, Temple, eds., Britain's Economic Performance, London: Routledge, 1994;
Crafts, Nicholas, “‘You've never had it so good?’: British economy policy and performance, 1945–60,” in Barry, Eichengreen, ed., Europe's Post-War Recovery, Cambridge: Cambridge University Press, 1995;
Crafts, Nicholas, and Nicholas, Woodward, eds., The British Economy since 1945, Oxford: Clarendon Press, 1991;
Economist Intelligence Unit, Country Report: Britain, London: “Main reports” annually, monthly updates;
Eltis, Walter, Britain, Europe and EMU, New York: St. Martin's Press, 2000;
Floud, Roderick, and Donald, N. McCloskey, eds., The Economic History of Britain since 1700, vol. III, 1939–1992, 2nd edn., Cambridge: Cambridge University Press, 1994;
Northcott, Jim, The Future of Britain and Europe, London: Policy Studies Institute, 1995; and
Pressnell, Leslie, External Economic Policy since the War, vol. I, The Post-War Financial Settlement, London: HMSO, 1987.
Chapter 15 – Italy
Böhm, Bernhard, and Lionello, F. Punzo, eds., Economic Performance: A Look at Austria and Italy, Heidelberg: Physica-Verlag, 1994;
Donata, Pierpaolo, “Social welfare and social service in Italy since 1950,” in Roger, Girod, Patrick, Laubier, and Alan, Gladstone, eds., Social Policy in Western Europe and the USA, 1950–1980: An Assessment, New York: St. Martin's Press, 1985;
Economist Intelligence Unit, Country Report: Italy, London: “Main reports” annually, monthly updates;
Hildebrand, George, Growth and Structure in the Economy of Modern Italy, Cambridge, MA: Harvard University Press, 1965;
Kostoris, Fiorella Padoa Schioppa, Italy, the Sheltered Economy, Oxford: Clarendon Press, 1993;
Locke, Richard M., Remaking the Italian Economy, Ithaca, NY: Cornell University Press, 1995;
Podbielski, Gisele, Italy: Development and Crisis in the Post-War Economy, London: Oxford University Press, 1974;
Rey, Guido, “Italy,” in Andrea, Boltho, ed., The European Economy, Growth and Crisis, Oxford: Oxford University Press, 1982;
Rossi, Nicola, and Gianni Toniolo, “Italy,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996; and
Zamagni, Vera, The Economic History of Italy, 1860–1990: Recovery after Decline, Oxford: Clarendon Press, 1993.
Chapter 16 – Small open countries
Böhm, Bernhard, and Lionello, F. Punzo, eds., Economic Performance: A Look at Austria and Italy, Heidelberg: Physica-Verlag, 1994;
Cassiers, Isabelle, “‘Belgian miracle’ to slow growth: the impact of the Marshall Plan and the European Payments Union,” in Barry, Eichengreen, ed., Europe's Post-War Recovery, Cambridge: Cambridge University Press, 1995;
Cassiers, Isabelle, Philippe De Villé, and Peter M. Solar, “Economic growth in postwar Belgium,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996;
Vries, Johan, The Netherlands Economy in the Twentieth Century, Assen: Van Gorcum and Co., 1978;
Economist Intelligence Unit, Country Reports, London: “Main reports” annually, updates quarterly;
Lambelet, Jean-Christian, L'Economie suisse, Paris: Economica, 1993;
Mommen, André, The Belgian Economy in the Twentieth Century, London: Routledge, 1994;
Organisation for Economic Co-operation and Development, Economic Survey of the Netherlands, 2005, Paris: 2005;
Organisation for Economic Co-operation and Development, Regulatory Reform in the Netherlands, Paris: 1999;
Schwock, René, Switzerland and the European Common Market, New York: Praeger, 1991;
Tschudi, Hans-Peter, “Swiss social policy since 1950,” in Roger, Girod, Patrick, Laubier, and Alan, Gladstone, eds., Social Policy in Western Europe and the USA, 1950–1980: An Assessment, New York: St. Martin's Press, 1985;
Union Bank of Switzerland. The Swiss Economy, 1946–1986. Data, Facts, Analyses. Zurich: Union Bank of Switzerland, 1987; and
van Ark, Bart, Jakob de Haan, and Herman J. de Jong, “Characteristics of economic growth in the Netherlands during the postwar period,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996.
Chapter 17 – Scandinavia
Denmark
Johansen, Hans Christian, The Danish Economy in the Twentieth Century, New York: St. Martin's Press, c.1987;
Organisation for Economic Co-operation and Development, Regulatory Reform in Denmark, Paris: 2000;
Finland
Bordes-Marcilloux, Christian, Three Assessments of Finland's Economic Crisis and Economic Policy, Helsinki: Bank of Finland, 1993; and
Norway
Moses, Jonathon Wayne, Open States in the Global Economy: The Political Economy of Small-State Macroeconomic Management, New York: St. Martin's Press, 2000;
Sweden
Lindbeck, Assar, Turning Sweden Around, Cambridge, MA: MIT Press, 1994;
Magnusson, Lars, An Economic History of Sweden, London and New York: Routledge, 2000;
Miles, Lee, Fusing with Europe? Sweden in the European Union, Aldershot and Burlington, VT: Ashgate, c.2005;
Whyman, Philip, Sweden and the “Third Way”: A Macroeconomic Evaluation, Aldershot and Burlington, VT: Ashgate, 2003;
Chapter 18 – Latecomers
Ireland
Gottheil, Fred, “Ireland: what's Celtic about the Celtic Tiger?,” Quarterly Review of Economics and Finance 43 (5), 2003, pp. 720–37.
Kennedy, Kieran A., and Brendan, R. Dowling, Economic Growth in Ireland: The Experience since 1947, New York: Barnes and Noble, 1975.
Kennedy, Kieran A., Thomas, Giblin, and Deirdre, McHugh, The Economic Development of Ireland in the Twentieth Century, London: Routledge, 1988.
Organisation for Economic Co-operation and Development, Regulatory Reform in Ireland, Paris: 2001.
Ó Gráda, Cormac, and Kevin O'Rourke, “Irish economic growth, 1945–88,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996.
O'Hagan, John. The Economy of Ireland: Policy and Performance of a Small European Country, New York: St. Martin's Press, 1995.
Greece
Freris, A. F., The Greek Economy in the Twentieth Century, London: Croom Helm, 1986.
Jouganatos, George A., The Development of the Greek Economy, 1950–1991: An Historical, Empirical, and Econometric Analysis, Westport, CT: Greenwood Press, 1992.
Oltheten, Elizabeth, George, Pinteris, and Theodore, Sougiannis, “Greece in the European Union: policy lessons from two decades of membership,” Quarterly Review of Economics and Finance 43 (5), 2003, pp. 774–806.
Pagoulatos, George, Greece's New Political Economy: State, Finance, and Growth from Postwar to EMU, New York: Palgrave Macmillan, 2003.
Pirounakis, Nicholas G., The Greek Economy: Past, Present and Future, New York: St. Martin's Press, 1997.
Portugal
Baer, Werner, and Antonio, Nogueira Leite, “The economy of Portugal within the European Union: 1990–2002,Quarterly Review of Economics and Finance 43 (5), 2003, pp. 738–54.
Baklanoff, Eric N., The Economic Transformation of Spain and Portugal, New York: Praeger, 1978.
Corkill, David, The Portuguese Economy since 1974, Edinburgh: Edinburgh University Press, c.1993.
das Neves, Cesar, and João Loureiro, “Portuguese postwar growth: a global approach,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996.
Lains, Pedro, “Catching up to the European core: Portuguese economic growth, 1910–1990,Explorations in Economic History 40 (4), 2003, pp. 369–86.
Spain
Guirao, Fernando, Spain and the Reconstruction of Europe, 1945–57: Challenge and Response, New York: St. Martin's Press, 1998.
Harrison, Joseph, The Spanish Economy from the Civil War to the European Community, Cambridge: Cambridge University Press, 1995.
Lieberman, Sima, Growth and Crisis in the Spanish Economy 1940–9, London: Routledge, 1995.
Martín, Carmela, The Spanish Economy in the New Europe, trans. Philip, Hill and Sarah, Nicholson, New York: St. Martin's Press, 2000.
Neal, Larry, and Maria, Concepcion Garcia-Iglesias, “The economy of Spain without and within the European Union: 1945–2002,Quarterly Review of Economics and Finance 43 (5), 2003, pp. 755–73.
Organisation for Economic Co-operation and Development, Regulatory Reform in Spain, Paris: 2000.
Prados de la Escosura, Leandro, and Jorgé C. Sans, “Growth and macroeconomic performance in Spain, 1939–93,” in Nicholas, Crafts and Gianni, Toniolo, eds., Economic Growth in Europe since 1945, Cambridge: Cambridge University Press, 1996.
Salmon, Keith G., The Modern Spanish Economy. Transformation and Integration into Europe, London: Pinter, 1991.
Tamanes, Ramon, The Spanish Economy: An Introduction, New York: St. Martin's Press, 1986.
Tortella, Gabriel, The Development of Modern Spain: An Economic History of the Nineteenth and Twentieth Centuries, Cambridge, MA: Harvard University Press, 2000.
Chapter 19 – Newcomers
Blanchard, Olivier Jean, The Economics of Post-Communist Transition, Oxford: Clarendon Press, 1997;
Blanchard, Olivier Jean, Kenneth, A. Froot, and Jeffrey, D. Sachs, The Transition in Eastern Europe, vol. I, Country Studies, and vol. II, Restructuring, Chicago: University of Chicago Press (in conjunction with the National Bureau of Economic Research), 1994;
Cochrane, Nancy, and Ralph Seeley, EU Enlargement: Implications for New Member Countries, the United States, and World Trade, Outlook Report no.WRS040501, Washington, DC: Economic Research Service, US Department of Agriculture, 2004, available online at www.ers.usda.gov;
Lavigne, Marie, The Economics of Transition from Socialist Economy to Market Economy, New York: St. Martin's Press, 1995;
Organisation for Economic Co-operation and Development, Migration Policies and EU Enlargement: The Case of Central and Eastern Europe, Paris: 2001; and
Smith, Alan, The Return to Europe: The Reintegration of Eastern Europe into the European Economy, Basingstoke: Macmillan, 2000.
Chapter 20 – Future members
Hansen, Bent, The Political Economy of Poverty, Equity, and Growth: Egypt and Turkey, New York: Oxford University Press (in conjunction with the World Bank), 1991;
Oni, Ziya, and James, Riedel, Economic Crises and Long-Term Growth in Turkey, Comparative Macroeconomic Study, Washington, DC: World Bank, 1993;
Organisation for Economic Co-operation and Development, Turkey: Crucial Support for Economic Recovery, Review of Regulatory Reform, Paris: 2002; and
Turnock, David, The Romanian Economy in the Twentieth Century, London: Croom Helm, 1986.

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