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25 J. Common Mkt. Stud. 1 (1986-1987)

handle is hein.journals/jcmks25 and id is 1 raw text is: Journal of Common Market Studies Volume XXV, No. I September 1986 0021-9886 $3.00 The Political Economy of Integration in Europe: Policies and Institutions in East and West JOHN PINDER The Federal Trust and the Policy Studies Institute With high unemployment, slow growth, sluggish adoption of new technolo- gies, and still no end to inflation, the European Community has felt oppressed by economic difficulties. To be sure, all the world has economic problems. Large tracts of the third world suffer debt, recession, even famine. The Soviet Union seems allergic to the third industrial revolution. YetJapan and some Newly Industralizing Countries are shining examples of technol- ogy, competitiveness and growth. The United States, with Silicon Valley, IBM and the Strategic Defence Initiative, leads in crucial sectors of advanced technology. American employment has risen remarkably, whet- her owing to flexible labour markets or to a Keynesian boom or both. Even if, apart from the boom, Europeans have outperformed Americans in produc- tivity growth, the prevalent mood in the Community has been fear of falling behind; and this has been reflected in the EC's official literature. First came the Commission's report (1982) for the European Parliament on The Competitiveness of European Community Industry; then the European Parliament commissioned M. Michel Albert and Professor R. J. Ball to produce their report, Towards European Recovery in the 1980s, which the Parliament published in August 1983. This report remains illuminating as a statement of mainstream approaches that underlie the development of EC policy to deal with Western Europe's economic predicament. This article is based on a paper given at the XIlIth World Congress of the International Political Science Association in Paris, 15-20June 1985.

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