Geographically extended integration : a new tool for crisis management?

Czékus, Ábel: Geographically extended integration : a new tool for crisis management? In: Crisis Management and the Changing Role of the State. pp. 89-99. (2014)

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The crisis escalated in 2008 is being considered as the biggest economic recession since the 1929-33 great depression. Although long term consequences of the recession are still unknown, some post-crisis trends seem to loom. In the context of international economics, the crisis could be evaluated as the shift of leading position from the North Atlantic region to the Far East. In this reading, not only countries of the Far East have to get familiar with their new roles, but Western Europe and North America as well. Economic and political orientation and realignment of the latter entities could result in pioneer solutions for the future economic and social prospects of their economies. We discuss some of the possible post-crisis ways of economic development with regard to the opportunities Transatlantic cooperation hold out with putting special emphasis on the Transatlantic Trade and Investment Partnership (TTIP). Scrutinising and evaluating the EU-US free trade agreement would constitute a strong theoretical background of the post-crisis North Atlantic economic cooperation. However, cooperation of these economic giants would probably raise competition policy issues as well. At the first blush, the distended economic area could lead to a heated antitrust activity and pose – already disputable – questions on State aid. The free trade agreement would undoubtedly count as a superior level in the contracting parties’ economic development. Marriage portion of the TTIP would exert its positive effects chiefly in the EU and US economies, but the spill over would make stabilisation and growth felt in international economics as well.

Item Type: Article
Journal or Publication Title: Crisis Management and the Changing Role of the State
Date: 2014
ISBN: 978-963-306-340-8
Page Range: pp. 89-99
Uncontrolled Keywords: Válságkezelés
Additional Information: Bibliogr.: p. 97-99. ; összefoglalás angol nyelven
Date Deposited: 2019. May. 24. 10:20
Last Modified: 2019. May. 24. 10:20

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