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Single markets : economic integration in Europe and the United States / Michelle P. Egan.

By: Egan, Michelle P [author.]Publisher: Oxford, United Kingdom ; New York, NY : Oxford University Press, 2015Edition: First editionDescription: xiv, 321 pages ; 25 cmContent type: text Media type: unmediated Carrier type: volumeISBN: 9780199280506; 0199280509Subject(s): International economic integration | Europe -- Economic integration | European Union -- Economic policy | United States -- Economic policy | Economic policy | International economic integration | Europe | United StatesLOC classification: HF1418.5 | .E32 2015
Contents:
States, democracies, and single markets -- Foundational politics -- Market dynamics and integration : the intersection of law, politics, and markets -- Interstate commerce and free movement of goods -- Capital flows and financial markets -- Free movement of services : transportation and economic services -- Labor mobility and the free movement of professionals.
Summary: This ambitious volume provides a trenchant and timely analysis of the creation of a single market in both the EU and the US. Comparing the experience of the US during the nineteenth century and the single market of the EU in the twentieth century, Single Markets demonstrates how the political economy of single market formation has followed remarkably similar trajectories. Both cases show evidence of interplay between different levels of government in determining distributive outcomes; evolution of a legal framework for the market; and development of new regulatory strategies to deal with changing economic realities. The book illustrates the process of market consolidation through a detailed comparison of the so-called four freedoms: the removal of border controls; and the largely unrestricted transfer of goods, services, and capital across different jurisdictions. In both cases, establishing one market, one currency, and a more unified banking and financial system transformed largely autonomous or sovereign constituent units into a more unified economic entity.
List(s) this item appears in: EU
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Main shelves 		HF1418.5. E32 2015 (Browse shelf(Opens below)) Available Purchased with the support of the Nanovic Institute for European Studies. B000787
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This ambitious volume provides a trenchant and timely analysis of the creation of a single market in both the EU and the US. Comparing the experience of the US during the nineteenth century and the single market of the EU in the twentieth century, Single Markets demonstrates how the political economy of single market formation has followed remarkably similar trajectories. Both cases show evidence of interplay between different levels of government in determining distributive outcomes; evolution of a legal framework for the market; and development of new regulatory strategies to deal with changing economic realities. The book illustrates the process of market consolidation through a detailed comparison of the so-called four freedoms: the removal of border controls; and the largely unrestricted transfer of goods, services, and capital across different jurisdictions. In both cases, establishing one market, one currency, and a more unified banking and financial system transformed largely autonomous or sovereign constituent units into a more unified economic entity.

Includes bibliographical references (pages 257-307) and index.

States, democracies, and single markets -- Foundational politics -- Market dynamics and integration : the intersection of law, politics, and markets -- Interstate commerce and free movement of goods -- Capital flows and financial markets -- Free movement of services : transportation and economic services -- Labor mobility and the free movement of professionals.