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Covid-19 crisis: centrifugal vs. centripetal forces in the EU—a political-economic analysis
- Source :
- Journal of Industrial and Business Economics
- Publication Year :
- 2020
- Publisher :
- Springer International Publishing, 2020.
-
Abstract
- This paper applies a recently developed ‘structural-political economy’ (SPE) framework to study centrifugal and centripetal forces in two of the crises that impacted on the European integration process: the financial crisis of 2008/9 and its aftermath and the Covid-19 crisis. It emphasises that the cumulative nature of the impact of these two crises forces shifts in interest positions of important political actors (countries, sectors, social constituencies) to address issues of ‘systemic instability’ which pushes innovations in the policy instruments that become available at the EU level. Bargaining processes that characterise the negotiations and outcomes of these crisis responses are complex, they reflect differences in size and urgencies to come to agreements, and they have themselves differentiating impacts on relevant political actors.
- Subjects :
- Economics and Econometrics
Entrepreneurship
Coronavirus disease 2019 (COVID-19)
media_common.quotation_subject
Article
Politics
Political science
European integration
media_common.cataloged_instance
F55
European Union
F34
Business and International Management
European union
H77
media_common
F36
F15
P16
General Business, Management and Accounting
Centripetal force
Negotiation
Political economy
Financial crisis
Covid-19 crisis
Centrifugal and centripetal forces
Structural political economy
F45
H87
F02
General Economics, Econometrics and Finance
E63
E65
F42
Subjects
Details
- Language :
- English
- ISSN :
- 19724977 and 03912078
- Database :
- OpenAIRE
- Journal :
- Journal of Industrial and Business Economics
- Accession number :
- edsair.doi.dedup.....e7e13126a10706dd2d46aaea51af9363