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Budd, Leslie
(1997).
DOI: https://doi.org/10.1080/00343409750131695
Abstract
The Single European Market (SEM) and the possibility of Economic and Monetary Union (EMU) present the constituent regions of Europe with a powerful challenge. What this paper argues is that activating the liberal assumptions of the SEM and the fiscal criteria of the Maastricht Treaty will not reduce regional inequality. In the absence of fiscal activism at a regional level, reliance on market forces will only exacerbate the existing core–periphery structure of Europe's regions. The paper attempts to extend its analysis of regional fiscal developments in Western Europe by suggesting some speculative lessons for the Eastern European economies.
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- Item ORO ID
- 15015
- Item Type
- Journal Item
- ISSN
- 1360-0591
- Keywords
- Regional; Convergence; Maastricht; Treaty; Lessons; For; Eastern; Europe
- Academic Unit or School
-
Faculty of Business and Law (FBL) > Business > Department for Public Leadership and Social Enterprise
Faculty of Business and Law (FBL) > Business
Faculty of Business and Law (FBL) - Research Group
- Innovation, Knowledge & Development research centre (IKD)
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- ORO Import