Budd, Leslie
(1997).
| DOI (Digital Object Identifier) Link: | https://doi.org/10.1080/00343409750131695 |
|---|---|
| Google Scholar: | Look up in Google Scholar |
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.
| Item Type: | Article |
|---|---|
| ISSN: | 1360-0591 |
| Keywords: | Regional; Convergence; Maastricht; Treaty; Lessons; For; Eastern; Europe |
| Academic Unit/School: | Faculty of Business and Law (FBL) > Business Faculty of Business and Law (FBL) |
| Interdisciplinary Research Centre: | Innovation, Knowledge & Development research centre (IKD) |
| Item ID: | 15015 |
| Depositing User: | Users 2400 not found. |
| Date Deposited: | 01 Apr 2009 14:42 |
| Last Modified: | 04 Oct 2016 10:19 |
| URI: | http://oro.open.ac.uk/id/eprint/15015 |
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