International Political Economy

Paper Summary:

This paper deals with the European project of an Economic and Monetary Union from the 1950's until nowadays. The launch of the euro, the enlargement of the E.U. and the European Constitution are also discussed.

From the Paper:

"The European project's main goal was to bring peace and stability to Europe. It succeeded remarkably well in post-1945 Western Europe. By gathering European soil resources and binding their economies, European countries enjoyed decades of political stability and prosperity. At least on the West side of the continent. Divided by the Iron Curtain, Europe had to wait 60 years to see Eastern European countries join the European Union. Here is a good example of how politically successful economic integration can be. The 'carrot' of EU membership has indeed been a very important means to impose peace and political stability to Europe's closest neighbors. This "soft power" is the second political motivation for economic integration, after the desire of a grand federal super-state."

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