The Lessons to be taken from the European Union’s Great Depression: “The Welfare State Policies and the Clustering of the RDI Related Economic Sectors” are indispensable for the long-term economic success

Download

766-4880-1-PB.pdf

Date

2015-12

Author

Kırval, Levent

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

139
views

51
downloads

This paper focuses on the economic future of the European Union (EU) and argues that the EU’s economic problems and its recent economic slowdown are consequences of the highly deficient ‘commonly defined macro level economic governance parameters’ that bind all the member-states today. Instead of balancing the markets with the welfare state policies, the EU policy makers have gradually transformed the EU to a purely right-wing project, where the greatly uncoordinated single market is considered as a sufficient base for integration. Also, with regards to economic policymaking, the importance of industrial-sectoral clusters; particularly for improving RDI (Research & Development & Innovation) capacities; has been highly underestimated. As a result, the relatively unorganized status of the real sectors (both in the production of goods and services) has further decreased the EU’s global competitiveness. In this context, following the underlining of ‘politics’ for successful economic governance, this paper offers a ‘central planning-clustering based’ supranational economic model for the EU, which still necessitates backing by strong ‘welfare state policies.

Subject Keywords

European Union, Neo-Liberalism, Economic Governance, Industrial-Sectoral Clustering and RDI, Welfare State Policies

URI

http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/766
https://hdl.handle.net/11511/58227

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Suggestions

OpenMETU
Core

The essence of EU strategy in South East Europe : The Republic of Macedonia Atay, Niyazi Güneş; Bağcı, Hüseyin; Department of International Relations (2004) This thesis examines the South East European policy of the European Union, which promoted the prospect of a ءUnited Europe̕. After the end of the bipolar world system, the ultimate aim of the East European countries has been the integration into the European Union. The transition and integration process, that they initiated in accordance with this aim, made up the basis of their relations with the Union. Nevertheless, the South East European countries, which became a sub-region within East Europe, joined to...
The Assessment of macroeconomic variability and monetary transmission mechanisms in Turkey with VAR esrimates Baştan, Emine Meltem; Gaygısız Lajunen, Esma; Department of Economics (2012) This thesis investigates the nature of macroeconomic changes by focussing on the monetary policy changes in Turkey between 1990Q1-2011Q4 and assesses the variability of the economy via impulse response functions obtained from VAR analyses. The period of the analyses is characterized with changes of the definitions of monetary aggregates in 2002 and 2007. In order to have consistent monetary series, the new and old series are constructed according to new and old definitions and then analyses are carried out ...
A comparative analysis of the european union financial assistance to central and eastern european countries and turkey Romya, Kıvılcım; Ertuğrul, Kürşad; Department of Political Science and Public Administration (2008) This thesis makes a comparative analysis of financial assistances provided to Central and Eastern European Countries (CEECs) and Turkey by the European Union (EU) prior and pursuant to candidacy. Furthermore, the thesis argues results obtained through comparison of financial assistances provided to CEECs and Turkey by the EU within the framework of integration theories and examines the place of Turkey within the enlargement perspective of the EU by addressing arguments that are dominant in the literature in...
THE EU ASYLUM POLICY IN TIMES OF CRISIS: REGULATORY GOVERNANCE THROUGH AGENCIES Canlar, Eray; Kahraman, Sevilay; Department of International Relations (2022-7-20) This thesis explores the historical evolution of the regulatory governance of the European Union (EU) in different policy fields, mainly focusing on the EU asylum policy. Utilizing historical institutionalism and securitization literature, the thesis seeks to examine the regulatory governance of the EU asylum policy which, like the other policy field examples, displays a security-oriented and crisis-driven institutional path dependency that leads to regulatory agencification processes. Moreover, the thesis ...
The Eastern enlargement of the European Union: a unique case for imperialism Doğan, Lütfi; Topal Yılmaz, Aylin; Department of Political Science and Public Administration (2018) This study analyses the Eastern enlargement of the European Union within the frame of imperialism. For this purpose, the study brings into question the characteristics of the European project, the reasons behind the Eastern enlargement, and the link between globalization, the European integration, and the EU enlargements. In this context, this study argues that the relationship between the EU and the Central and Eastern European countries presents a unique case for imperialism. In other words, the study arg...

Citation Formats

L. Kırval, “The Lessons to be taken from the European Union’s Great Depression: “The Welfare State Policies and the Clustering of the RDI Related Economic Sectors” are indispensable for the long-term economic success,” ODTÜ Gelişme Dergisi, vol. 42, no. 3, pp. 435–456, 2015, Accessed: 00, 2020. [Online]. Available: http://www2.feas.metu.edu.tr/metusd/ojs/index.php/metusd/article/view/766.