Single Markets
Economic Integration in Europe and the United States
Published on 22. January 2015
Book
Hardback
336 pages
978-0-19-928050-6 (ISBN)
Description
This timely book provides in-depth analytical comparison of the nineteenth century evolution of the American single market with corresponding political, economic, and social developments in post-WWII European efforts to create a single European market. Building the regulatory framework needed for successful adoption of an integrated single market across diverse political units represents one of the most important issues in comparative political economy. What accounts for the political success or failure in creating integrated markets in their respective territories? When social discontent threatens market integration with populist backlash, what must be done to create political support and greater legitimacy?
Single Markets focuses on the creation of integrated economies, in which the United States and European Union experienced sharply contested ideas about the operation of their respective markets, conflict over the allocation of institutional authority, and pressure from competing political, economic, and social forces over the role and consequences of increased competition. Drawing upon four case studies, the book highlights the contestation surrounding the US and EUs efforts to create common currencies, expand their borders and territories, and deal with the pressures of populist parties, regional interests and varied fiscal and economic challenges. Theoretically, the book draws on work in European integration and American Political Development (APD) to illustrate that the consolidation of markets in the US and EU took place in conjunction with the expansion of state regulatory power and pressure for democratic reform.
Single Markets situates the consolidation of single markets in the US and EU in a broader comparative context that draws on research in economics, public administration, political science, law, and history.
Single Markets focuses on the creation of integrated economies, in which the United States and European Union experienced sharply contested ideas about the operation of their respective markets, conflict over the allocation of institutional authority, and pressure from competing political, economic, and social forces over the role and consequences of increased competition. Drawing upon four case studies, the book highlights the contestation surrounding the US and EUs efforts to create common currencies, expand their borders and territories, and deal with the pressures of populist parties, regional interests and varied fiscal and economic challenges. Theoretically, the book draws on work in European integration and American Political Development (APD) to illustrate that the consolidation of markets in the US and EU took place in conjunction with the expansion of state regulatory power and pressure for democratic reform.
Single Markets situates the consolidation of single markets in the US and EU in a broader comparative context that draws on research in economics, public administration, political science, law, and history.
Reviews / Votes
This sophisticated book compares the most ambitious and successful single market created in the late nineteenth century, the United States, with its late-twentieth-century counterpart, the EU ... an insightful work, particularly for those who follow transatlantic regulatory matters * Andrew Moravcsik, Foreign Affairs * This is one of the most sophisticated books on market-building in America and Europe, and theirimplications for institutional change. Michelle Egan combines masterfully comparative analysis with the political development approach. The book calls successfully into question the parochialism of both the American studies based on the idea of US exceptionalism and the European studies based on the idea of sui generis EU. It is a refreshing reading that I strongly recommend to those who never though that there is something to learn from the other shore of the Atlantics experience. * Sergio Fabbrini, Luiss Guido Carli, Rome * Single Markets is a remarkable achievement. Its diachronic comparison of the evolution of market integration in the United States beginning in the nineteenth century and in Europe beginning in the mid twentieth is impressive both in its breadth of coverage and depth of analysis. The main conclusion, that states play a critical role in driving change, even though constrained by private interests and contentious politics, is lucidly illustrated in four illuminating case studies, including interstate commerce, banking and finance, transportation services, and labor mobility with regard to the professions. The book is a must-read for anyone interested in American political development and/or European integration, as well as in political economy and development more generally. * Vivien A. Schmidt, Jean Monnet Professor of European Integration, Pardee School of Global Studies, Boston University * The strength of the book derives from its in-depth case studies on topics such as intraregional trade, capital flows and labour mobility. Meticulously researched and incredibly well-referenced, these studies make a convincing case for the similarities of the EU and the US experience. I especially enjoyed the chapters on inter-state commerce and capital flows, which delve into existing research to illustrate the gradual dismantling of barriers to integration in the two economic powers. * Christopher A. Hartwell, Kozminski University * Given the eurozone's continuing Greek crisis and the growing issue of euro ins and outs, this book offers a timely examination of the process of integration. The strength of the book derives from its in-depth case studies on topics such as intraregional trade, capital flows and labour mobility. Meticulously researched and incredibly well-referenced, these studies make a convincing case for the similarities of the EU and the US experience. * Christopher A. Hartwell, Kominski University *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
Professional and scholarly
Scholars and students of Politics, Political Economy, Public Policy, EU Studies, and American Studies, anyone interested in political and economic developments on both sides of the Atlantic
Dimensions
Height: 238 mm
Width: 163 mm
Thickness: 24 mm
Weight
660 gr
ISBN-13
978-0-19-928050-6 (9780199280506)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
01/2015
1st Edition
OUP eBook
€63.49
Available for download
Person
Michelle Egan is an Associate Professor and Jean Monnet Chair Ad Personam in the School of International Service, and an Affiliate Faculty Member in the History Department at American University. She is currently Chair of the European Union Studies Association (EUSA). She has been the recipient of a number of awards including German Marshall Fund, Jean Monnet, Bosch and Howard Foundation Fellowships. She is a member of the EU Center of Excellence DC Consortium) (ACES). She has published Constructing a European Market: Standards, Regulation and Governance with Oxford University Press as well as other edited volumes, articles and book chapters.
Content
1. States, Democracies, and Single Markets ; 2. Foundational Politics ; 3. Market Dynamics and Integration: The Intersection of Law, Politics and Markets ; 4. Interstate Commerce and Free Movement of Goods ; 5. Capital Flows and Financial Markets ; 6. Free Movement of Services: Transportation and Economic Services ; 7. Labor Mobility and the Free Movement of Professionals ; 8. Conclusion