The Political Economy of New Europe
Political initiatives and autonomous economic forces have brought about over the years a radical transformation of intra-European economic relations as well as economic relations between the region as a whole and the rest of the world. The EC and its various institutions have until now served as the main political instruments for the progressive integration of national economies. The interaction of politics with market forces, which naturally tend to transcend national frontiers, has shaped Western Europe’s regional identity in the context of growing international economic interdependence.
KeywordsMonetary Policy Capital Mobility European Monetary System Maastricht Treaty Progressive Integration
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