Abstract
In the early 1970s one of the most central issues in the policy debate on the E.E.C. is whether higher stages of integration will aggravate rather than reduce the regional problem. In fact there are two main dimensions to the issue: (1) the problem of national regions and national regional policies in a Community framework; and (2) the problems and prospects for nations themselves as regions in a single-currency area of the kind which would be created if the Community is successful in implementing its monetary-union proposals. There also now is the question in reverse: i.e. the issue whether a country-region such as Scotland has suffered from integration into the single currency area of the United Kingdom, and should not pressure for economic and monetary disintegration, ‘going it alone’ as a nation-region with autonomous powers. The French government in the early 1970s also was formally committed to monetary union in the E.E.C., without accepting that this should be accompanied by economic union of major national policies administered by a supra-national or federal authority. None the less, the two main cases of international economic integration in modern capitalist economies concern pre-federal and federal systems — the E.E.C. and the U.S. federal economy — and their examination in the light of regional and integration theory respectively can illuminate the kind of regional problem thrown up by international integration.
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Notes
Jean Fourastié and J-P. Courthéoux, La Planification Economique en France, 2nd edn (Presses Universitaires de France, 1968) ch.2.
Jean-Jacques Servan-Schreiber, The American Challenge (Harmondsworth: Penguin, 1970) first published as Le défi américain, ( Paris: Denoel, 1967 ).
Cf. Pierre Uri, ‘Harmonisation des politiques’, Révue Economique ( March 1958 ). Uri was a member of the sub-committee of the Spaak Committee which drafted the Rome Treaty proposals.
Cf. Bela Balassa, The Theory of Economic Integration ( London: Allen & Unwin, 1962 ).
Cf. John Pinder, ‘Problems of European Integration’, in Economic Integration in Europe, ed. G.R. Denton ( London: Weidenfeld & Nicolson, 1969 ).
von Neumann Whitman, ‘International and Inter-regional Payments Adjustment’; Alexandre Lamfalussy, Investment and Growth in Mature Economies: the Case of Belgium ( London: Macmillan, 1961 ).
Cf. Stuart Holland (ed.), The Price of Europe: a Re-Assessment ( London: S.G.S.—Longmans, 1971 ). The productivity increases in manufacturing do not decisively demonstrate a ‘stimulus’ effect from the creation of the E.E.C., but are consistent with lagged benefits following the introduction of new large-scale plant with productivity-gaining techniques.
R.A. Mundell, ‘A Theory of Optimum Currency Areas’, American Economic Review (Nov 1961).
R.I. McKinnon, ‘Optimum Currency Areas’, American Economic Review (Sep 1963).
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© 1976 Stuart Holland
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Holland, S. (1976). The Region in International Integration. In: The Regional Problem. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15637-5_4
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DOI: https://doi.org/10.1007/978-1-349-15637-5_4
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