TITLE:
EU Coordination Weaknesses: Transaction Costs
AUTHORS:
Jan-Erik Lane
KEYWORDS:
Models of Regionalism, Coordination Mechanisms, Open and Closed Regionalism, Transaction Costs
JOURNAL NAME:
Open Access Library Journal,
Vol.3 No.8,
August
5,
2016
ABSTRACT:
Both the Euroland and the EURO projects face increasing
scepticism from several member states as well as nationalist movements. The
call for economic reforms augmenting flexibility and work zest in EU member
states meets resistance, as it poses threats to
the specific European welfare state. The management of the great refugee crisis
has led to fundamental questioning of the concept of “Europeanisation”
as the commitment of the EU to humanitarian goals and universal human rights.
Where lays the basic weakness of the inefficient and bureacratic European model
of regional integration? Reply: Transaction costs.