2 thoughts on “Lessons from Political Economy for the EU referendum”

  1. Posted 17/05/2016 at 14:00 | Permalink

    I seem to remember that Sir Donald MacDougall’s report predicted that if the EU was unable or unwilling to change the way the eurozone was projected to work, then it would simply turn into a ‘low growth, high unemployment club’. How right he was! It is all very well Ann Robinson saying there is ‘plenty of scope’ for a more effective European Union if voters in the UK should decide to remain, but is there really any evidence at all that the EU will do anything to reform its current complacent and inflexible attitude? Of course I agree that political economy is important, but I didn’t notice much reference in Ann Robinson’s discussion to the need for ‘democracy’ in bringing about the ‘fundamental and far-reaching reform’ to the EU that David Cameron called for in his Bloomberg speech..

  2. Posted 23/05/2016 at 03:24 | Permalink

    The article is interesting in the aspect of how it comments on government involvement. “A command economy requires a strong centralized government to enforce its decisions.” This is interesting because the the article continues on with talking about free trade, but can there really be free trade with government intervention? Other things about this article is the fact that the article discusses about EU anting to have a single currency in a place where many currency exist, I agree with the article when they state that this is impossible because the EU does not have sufficient central fiscal capacity, the EU taxes aren’t as high as USA and Canada so even if they do created a separate currency its will be hard for EU economy to support the currency change.

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