The EU Reexamined: A Governance Model in Transition

Adopting an interdisciplinary approach, this book examines the experience of the European Union in bringing multiple sovereign nations under a common economic umbrella, and goes on to ask if the EU can serve as a blueprint for other regions that are striving for economic integration or if it is ‘too unique’ to be emulated. To this end, the book draws on contemporary and historical law and politics as well as economic analyses. Scholars from countries both in and outside of the EU provide a full stocktake of the political and economic benefits of EU membership. They critically assess monetary integration and the path it has followed in the wake of the global financial crisis. Chapters delineate key comparisons between the EU and other governance models, between EU members and non-EU members, and between euro and non-euro member States of the Union. Students of law, economics and politics will benefit from this timely book. It should also be of interest to policymakers around the world who interact with EU countries and those who may be contemplating similar forms of economic and monetary integration in their region.

Table of Contents:
Contents 1 Introduction: the European Union in global perspective – a governance model on trial 1 Kaushik Basu, Jörn Axel Kämmerer and Hans-Bernd Schäfer 2 Quantum leaps in European integration 22 Barry Eichengreen 3 Unconventional monetary policy: the pretense of knowledge 39 Leszek Balcerowicz 4 National central banks and the governance of the European system of central banks 43 Martin Hellwig 5 Eurozone resilience and the promise of market integration 80 Wolf-Georg Ringe 6 The primacy of EU law over national law: EU law sets aside national law 104 Vassilios Skouris 7 A positive approach to debating the supremacy of EU law 134 Nuno Garoupa 8 Who is the “Master of the Treaties”? On the dysfunctional interplay between the European Court of Justice and the European Parliament 147 Hélène Gaudin 9 The rule of law crisis in Poland and the challenge to the principle of the primacy of EU law 159 Adam Bodnar and Jarosław Bełdowski 10 A region-level analysis of the long-term economic effects of joining the European Union 177 Rok Spruk and Nuno Garoupa 11 Peace by supra-nationality: the driving forces of European integration 223 Wilfried Loth 12 United in sanctions? Some observations on the EU practice of ‘restrictive measures’ in the face of the Russian aggression against Ukraine 235 Paulina Starski 13 The hunt for unicorns: seeking goodness in Brexit 263 Ian Forrester 14 ASEAN, moving from the nation state to the ASEAN state 283 Damian Chalmers 15 Looking like a common market: the EU as a model for Andean economic integration 304 René Urueña and Rafael Tamayo Álvarez