Theories of Integration: American Political Paradigms
The EC owed much to the United States not only materially through the Marshall Plan and diplomatically through the brokering of the ECSC and EDC, but also philosophically as an inspiration by example and as a source of academic legitimacy. From 1947 the US promoted the idea of a European community both as a unified market for its exports and as a bulwark against internal and Soviet Communism. The US was willing to sacrifice short-term commercial interest, notably in agricultural exports and its payments balance, for the geopolitical sake of European unity (Romero, 1996). As a federal state with a continental-wide market that encouraged the free movement of labor, goods, services and capital, and economies of scale, the US was the model of success to follow. The US also provided academic legitimation by establishing EC studies as a social scientific field and giving it initially a progressive social democratic thrust.
KeywordsForeign Direct Investment Monetary Union Common Agricultural Policy Single Market Macro Policy
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