Populism and European Integration: Diagnosis and Policy Response
This paper offers a perspective on how to address the current populist charge against European economic integration. The first section provides a back mirror view on the economic and political issues that have marked the last few decades. While some of these issues, such as the intensification of global economic interaction were expected, few foresaw the extent to which the forces of “globalisation” would widen economic and political divisions within Europe and globally. The second section looks ahead, attempts to distil the defining challenges that we face, and sets out a perspective for EU economic policy over the next 5 years. In terms of economic policy priorities, the EU’s ability to support the resilience of its economy and convergence in living standards will depend on its ability to deliver in three main areas: (i) growth and productivity, (ii) deepening the Economic and Monetary Union and (iii) ensuring that it acts as a Union that provides opportunities, empowers and protects.
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