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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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