Europe after Enlargement

Cover......Page 1
Half-title......Page 3
Title......Page 5
Copyright......Page 6
Contents......Page 7
List of Charts, Tables, and Boxes......Page 9
Contributors......Page 13
Acknowledgments......Page 15
Introduction......Page 17
Introduction......Page 22
Real-Life Governments......Page 23
Europe’s Way......Page 24
Costs of Enlargement......Page 26
Europe as a Common Market......Page 30
Dilution?......Page 32
Making a Large Union Work......Page 35
Pioneers and Followers......Page 36
Safer Centralization: Toward a Two-Way Street for the Acquis......Page 39
More Power to the People......Page 40
Conclusions......Page 42
References......Page 43
Introduction......Page 45
Regulatory Burdens and Social Protection......Page 49
The Liberalizing Force of EU Integration......Page 52
Highlights of the Constitutional Treaty......Page 53
Social Entitlements in the Constitutional Treaty......Page 54
The “Solidarity” Title......Page 55
Antecedents and Alternatives......Page 56
An Alternative, Legislative Approach to Social Policy in the Union......Page 58
One Constitution for All......Page 60
Safeguards......Page 61
Conclusion......Page 63
References......Page 64
Introduction......Page 66
The Progressive Relaxation of Fiscal Rules......Page 69
Pitfalls in the Implementation of Discretionary Policy......Page 72
Fiscal Policy in the EU......Page 76
Concluding Remarks......Page 78
References......Page 79
Introduction......Page 81
Fiscal Policy in the NMS: A Heterogeneous Picture......Page 84
Size of the Government......Page 85
Deficits......Page 86
Debt......Page 87
Shortcomings of the Existing Framework for New Members......Page 91
GDP Volatility and the 3 Percent Ceiling......Page 92
Pro-Cyclical Bias......Page 93
Evaluating Policies, Not Just Outcomes......Page 94
References......Page 99
Introduction......Page 101
From Demographic Bonus to Malus......Page 102
Growth Potential......Page 106
Big and Small: Lessons for a More Flexible Europe?......Page 111
The Crumbling of Fiscal Policy Discipline......Page 114
The Unraveling of Structural Reform......Page 117
References......Page 120
Introduction......Page 122
Recent Changes in European Labor Markets......Page 123
Taxation of Low-Wage Earners......Page 128
Financial Incentives to Retire Early......Page 129
Stringency of Employment Legislation......Page 131
Unemployment Insurance......Page 132
Productivity and Product Market Competition......Page 135
How to Reinvigorate the Lisbon Strategy?......Page 140
References......Page 141
SEVEN Recovery Growth as a Stage of Post-Socialist Transition......Page 143
References......Page 156
Introduction......Page 159
What Is an Oligarch?......Page 160
The Economics of Oligarchy......Page 161
The Politics of Oligarchy......Page 163
Complaints About Oligarchs......Page 166
A Matter of Ideology......Page 170
Current Trends in Russia and Ukraine......Page 171
What Should Be Done?......Page 173
How Should Privatization Have Been Done?......Page 176
Conclusions: Make a Deal with the Oligarchs and Preach Capitalism......Page 177
References......Page 178
Introduction......Page 181
The European Neighbourhood Policy......Page 183
Economic Situation of the “New Neighbors”......Page 186
Trade and Investment......Page 190
Energy......Page 195
Migration......Page 197
Democratization and Conflict Resolution......Page 198
Environment and Health......Page 199
Conclusions......Page 200
References......Page 202
TEN Economic Integration of Eurasia: Opportunities and Challenges of Global Significance......Page 205
Energy Trade and Transport......Page 211
Non-Energy Trade and Transport......Page 219
Trade in Illicit Drugs......Page 227
Investment and Capital Flows......Page 229
Migration......Page 235
Communication and Knowledge Sharing......Page 238
The Institutional Infrastructure, Politics of Regional Cooperation, and the Future of Regional Integration in Eurasia......Page 240
Conclusions and Policy Implications......Page 242
References......Page 245
Index......Page 249