The Governance of European Public Goods

Towards a Republican Paradigm of European Integration
1. Auflage 2017
ISBN: 978-3-319-64011-2
Verlag: Springer International Publishing

Buch, Englisch, 271 Seiten, HC runder Rücken kaschiert, Format (B × H): 153 mm x 216 mm, Gewicht: 4753 g

This edited volume proposes an innovative approach to European Integration by combining economics and political theory in its study of public goods. The contributors review such elements as a neo-medieval governance, the merits of a new European Republic, and, alongside Europe, include South East Asia in its discussions. By addressing different issues within the overarching approach of public goods and the republican paradigm of governance, Collignon introduces an important new perspective.

Zielgruppe

Research

Autoren/Hrsg.

Collignon, Stefan

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Sozialwissenschaften Politikwissenschaft Internationale Beziehungen Europäische Union, Europapolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Europäische Union, Europa: Wirtschaft

Inhaltsverzeichnis

1.        Introduction


2.      European public goods in the neo-medieval model of governance. 10

Theory of public goods. 12

What are public goods?. 13

Externalities and the role of state. 15

Problems in the provision of public goods. 17

European public goods. 20

Neo-medieval paradigm. 22Problems of neo-medievalism. 27

Neo-medieval provision of European public goods?. 29

Conclusion. 33

3.      The European Union as a Republic. 35

Public goods in the European context 36

Governing externalities. 37

The Concept of the Republic. 42

Historic roots. 42

The Republic and the State. 43

The Logic of Public Goods. 45

Public goods, Republics and Citizenship. 46

Incentive Structures for the provision of
public goods. 48


The Euro and the European Republic. 51

Democracy and the Principal-Agent Relationship. 53

State and Republic. 53

The Sovereignty of the Citizens against the Power of the State?. 55

The Federal Order of the Republic. 59

Conclusion. 63

4.      On paradigms and public goods:  Has the crisis changed the economic paradigm of EMU?  65

The crisis and the Euro Area’s dominant paradigm. 65

Studying policy paradigms. 68

Ideas and paradigms in the study of policy-making. 68

The three orders of policy change. 70

The policy paradigm of ‘stable money and sound finances’ 74

Stable money. 74

Sound finances. 76

The separation of monetary and fiscal policy. 78

Major responses to the Euro Area crisis: within or beyond EMU’s paradigm?. 79

The case of EMU fiscal surveillance reform. 79&
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The case of the ECB’s non-standard monetary policy measures. 82

Conclusion. 87

5.      Principals and Agents in European Democracy. 91

The Pre-crisis Discussion about the Democratic Deficit of the European Union. 92

Discussing Europe — The Standard Version of the Democratic Deficit 92

Examining the Deadlock between Majone, Moravcsik and Hix. 93

Discussion of the Deadlock. 96

Applying the principal-agent Model to the Debate on Democratic Deficit 97

Explaining the Principle-Agent Model 97

Benefits and Costs Associated with Member States Delegation to Supranational Agents. 98

What does principal-agent theory tell us about the EU’s Democratic Deficit?. 99

Reforms in the Lisbon Treaty. 102

What does Pollack say about the European Parliament?. 103

Delegation and Legitimacy – the Principals’ Perception and the Centrality of
the Public Discourse  106


Institutional discourses in the European Union. 107

The Discussion about the Democratic Deficit after the Lisbon Treaty. 108

‘The Euro Crisis’ or ‘how member states took the power away from the people’ 111

The European Union and the Erosion of the Permissive Consensus. 113

Europe and its Political Response to the Euro Crisis. 114

Conclusion: Outlining the Agency Slack. 121

Conclusion. 124

6.      Why Does EU Governance Change?. 131

The Frame Of Integration. 133

Economic Causes For Governance Problems. 133

Economically Adequate Governance. 135

Explaining integration. 138

Exogenous Shocks. 139

Endogenous Efforts. 141

The Public Goods Approach in a Nutshell 144

Two Crises That Shook The EU. 146

Testing the theory. 146

Make The Approach Visible &Selecting Cases. 14
7

Case Studies. 149

Synthesis. 171

Conclusion. 173

7.      The ASEAN Economic Community (AEC) As A Public Good. 174

Background of ASEAN Integration. 175

From Political to Economic Cooperation. 175

The ASEAN Economic Community. 177

ASEAN Way. 180

ASEAN’s Potential 183

The AEC as a Public Good. 184

Obstacles to ASEAN Economic Integration. 187

Increasing Externalities. 187

Different Marginal Benefits and Costs. 192

Developmental Gaps and the Lack of Leadership or a Redistributive Mechanism. 196

No Mechanism for Preference Revelation. 199

Strengthening ASEAN Institutions for the Better Governance of ASEAN Public Goods. 200

Central Level or Voluntary Cooperation?. 200

The Case for Increased Institutionalisation. 202

New Procedural Rules for ASEAN?. 205

8.   
;     Bibliography. 209

Über Autor(innen)

Stefan Collignon is a professor of political economy at Sant’Anna School of Advanced Studies, Pisa, at which he founded the Asia Forum, and the London School of Economics, UK. He has previously taught at Harvard University and Hamburg University. Further to this, Stefan Collignon held the role of Deputy Director General for Europe in the German Federal Ministry for Finance, and has published several books and journal articles over his career.