Description
In the noise of the debate about the EU, it is rare for fundamental questions to be asked. For example, for what purposes should we have international institutions at all? Does the EU meet those purposes and, if not, is reform possible? This book considers these questions. An international team of renowned authors looks at each area of economic policy in which the EU has an interest, as well as at the governing structures of the EU, and asks what, if anything, the EU should be doing. In most cases, this is then compared with the status quo and against the possibility of Brexit in order to help the reader make a judgement, in each policy area, about which would be the best direction for Britain to take. As well as providing a fine contribution to the Brexit debate, the authors of this book provide a framework for evaluating the results of renegotiation together with a long-term programme for reform. The usefulness of this timely book will long outlive the referendum debate. The book asks – and answers – the fundamental questions that are rarely considered by the political classes.
Chapter
Table 1 Estimates of tariff equivalents on manufactured goods resulting from all trade barriers (in per cent)
Table 2 Effects of UK and EU tariff of 10 per cent on agriculture and manufacturing: percentage changes from base
Table 3 A survey of costs from EU membership
Table 4 Key European employment directives
Figure 1 UK membership of international bodies
Figure 2 Level and composition of producer support in OECD countries
Figure 3 History and reforms of the CAP
Figure 4 Scale and dependency
Figure 5 Emissions intensity, Europe versus the US
Patrick Minford and J. R. Shackleton
2 Assigning responsibilities in a federal system
Public goods and interjurisdictional spillovers
Competition between jurisdictions
3 Institutions for European cooperation
Which institutions does European cooperation require? A summary
The institutions of a common market
Institutions for joint policies regarding external and scale economies
Institutions for redistribution among member countries
4 Beyond the ghosts: does EU membership nourish or consume Britain’s interests and global influence?
Economic measurements are insufficient to judge this question
How best to nourish British interests: two paradoxes
Why the EU and its fears are older than you think
The transforming consequences of the euro
To the July crisis: the hollowing out of European politics
Gulliver and the balance of competences
Successful negotiation requires informed statesmanship
5 Transforming the UK’s relationship with the EU: the legal framework
How to transform our relationship with the EU
How UK withdrawal from the EU would work
Renegotiation from within
Why freedom of movement is the right policy
Why EU membership offers the best of both worlds
7 Evaluating European trading arrangements
What trade theory has to say about the EU customs union
The cost of EU protection
Considerations of ‘Brexit’
What about a trade agreement with the EU?
8 UK employment regulation in or out of the EU
European law and the labour market
European political economy
Would repatriation of powers over the labour market make enough of a difference?
A minimum level of regulation?
9 Prospects for a reformed agricultural policy
A politically driven policy
An inefficient and ineffective policy
Prospects for radical reform of the CAP
Visualising a reformed UK agricultural policy outside the EU
10 Freedom for fisheries?
1957–69: the conception and early development of the CFP
1970–82: the establishment of common Community waters
1983–92: the development of a fisheries management system
1993–2002: the introduction of vessel licensing and effort controls
2003–13: reform of the CFP
2014 onwards: last chance for the CFP?
Appendix: the UK system for apportioning national fishing quotas
11 Stuck in Brussels: should transport policy be determined at EU level?
Kristian Niemietz and Richard Wellings
The aims of EU transport policy
Centralisation versus competition and discovery
Regulatory scale as market discovery process
12 Bank regulation: starting over
David Mayes and Geoffrey Wood
Liquidity and the lender of last resort
Loss of capital in the nineteenth century
Banking in the twenty-first century
13 Young, single, but not free – the EU market for financial services
The regulation of insurance companies pre-1970
The EU, the single market and free trade
The beginning of the end of mutual recognition and deregulation
From common market to single market, harmonisation and centralisation
Single market or free market?
The costs and benefits of uniform EU regulation
Other areas of EU financial regulation
14 Better energy and climate policy
Targets for emissions reduction
Renewable energy subsidies
15 EU lifestyle regulation
State-funded activists: pushing the envelope
Implications of a ‘Brexit’
Breaking Up Is Hard To Do: Britain and Europe’s Dysfunctional Relationship
：Britain and Europe’s Dysfunctional Relationship
( 1 )
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
