Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 21 October 2019

Abstract and Keywords

In creating and sustaining an internal market, EU governments have confronted an enduring governance dilemma, namely how to minimize barriers to international economic exchange without undermining national designs that are highly valued domestically. The governance dilemma has presented governments with trade-offs between securing a share of the growing collective benefits of an integrated market and a reduction in national discretion with respect to how markets are regulated nationally and how losers from integration are compensated. This article, which explains how the manner in which governments jointly managed these trade-offs evolved over time as domestic economic priorities changed, more states became members of the EU, and new global economic challenges emerged, is organized as follows. The first three sections cover distinct phases in the evolution of the EU and document how capitalist diversity, or what is at times termed the EU's internal clash of capitalisms, shaped the content of major intergovernmental bargains and the specific mechanisms that governments have introduced to resolve the governance dilemma. A conclusion speaks to the lessons that a focus on capitalist diversity holds for the future study of the EU.

Keywords: EU, internal market, economic policy, international economic exchange, capitalism, capitalist diversity

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.