New Europe’s Old Regions
State intervention has had catastrophic effects
The fifteenth edition of the Heritage Foundation's popular survey of economic liberty
Liberalisation and political reform are needed in the poorest parts of the EU
The author finds traditional regional policy wanting, but feels there might be a role for the ‘new regionalism’ that is focused on trying to boost the productivity of peripheral regions. However, using Poland as a case study, he is able to show that, if new-style regional policies are introduced without policies aimed at liberalisation, lower taxes and reduced employment protection, then nothing of substance will be achieved. This analysis has profound implications for the EU more widely. If there is to be economic liberalisation within the EU then there probably has to be political reform too.
This study is essential reading for anybody interested in the future of the EU and the role of regional policy in economic development.
2009, Hobart Papers 165, ISBN 978 0 255 36617 5, 199pp, PB
The European Institutions as an Interest Group by Roland Vaubel