The European Economy in Perspective:

Essays in Honour of Edward Nevin

Edited by Jeffery I. Round

This volume brings together a wide-ranging set of perspectives on economic policy in Europe - past, present and future.

Compiled as a tribute to Edward Nevin - an early critical supporter of British entry to the EEC and much of whose work lay in the fields of regional economics and monetary policy -the book is divided into six main sections. The first part looks at UK monetary theory and policy, and at consumer credit in the EC. Part II analyses the structural features of the EC, the concept of a European social accounting matrix, the economic case for the 1992 single market, and also sets out a radical perspective on the appropriate way to build Europe. Part ill surveys the impact of the Common Agricultural and Common Transport Policies. Regional issues are examined in the fourth section with a chapter on labour- market flexibility analysing how European integration may have exacerbated unemployment disparities within the EC; two other chapters review and anticipate the effects of EC regional policies on the UK, on the Welsh economy and also, specifically, on the agricultural economy of Wales. The fifth section takes an international perspective and considers the operations of the European Investment Bank, the possible effects of voluntary export restraints on the pattern of EC trade, and the financial refonns required in the economies of eastern Europe. Political economy is the theme of the final section, with a chapter on Allyn Young's contribution to the fonnulation of the Treaty of Versailles in 1919, and a chapter on the political and evolutionary process of European integration taking place at the end of the twentieth century .