Political Economy of European Integration
Instructors: Ana Bobić
Abstract
The dominant narrative of European integration is that of a war-shattered continent coming together to build a peace project through market integration, sustained on liberal-democratic values. A critical counter-narrative sees the EU as a neoliberal organisation embedded in the international economic order, creating winners and losers along the way. Taking that critique seriously, this course looks at the political economy of European integration as a dialectical process best understood in its historical context.
We will look at the EU’s founding as part of the post-WWII Bretton Woods consensus; the development of the internal market in the 80s following the global neoliberal turn; the creation of the Economic and Monetary Union in the early 90s and ordoliberalism; the eastward expansion of the EU in 2004 onwards and social dumping; and the unprecedented rise in socioeconomic inequality after the Euro crisis. These lessons will inform our analysis of the EU’s current challenges and policy orientation. While moving through the EU’s history, this course will zoom in on the relevant debates in critical theory, particularly Marxist, feminist, and intersectional critique. The overall goal of the course is to understand the relationship between politics and economics in European integration and its redistributive effects.
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