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Beyond Brexit: Inequality Dynamics and a European Social Market Economy

  • Paul J. J. Welfens
Chapter

Abstract

Assuming that Brexit will indeed be implemented in full, Welfens argues it could lead to a complete disintegration of the EU unless the EU countries can adopt adequate necessary reforms. While many groups might argue in favor of more national policy autonomy and a mini-EU, Welfens proposes that the creation of an EU Social Market Economy with government expenditures of about 5–6% relative to GDP and a political union with clear political responsibilities is needed for at least the minimum of nine countries which together could jumpstart EU-deepening. A political union with a Eurozone Parliament and a true government is a potential reform option; other countries that wish more modest EU integration could remain in the outer integration ring of a “Neo EU.” Welfens broaches topics including a supranational social policy and a supranational policy of taxation.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Faculty of Economics and Social SciencesBergischen Universität WuppertalWuppertalGermany

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