Globalism, Exit, and Free Social Riders
A Dysfunctional Integration Theory
Bibliographic Data
| ID | 11891737 |
|---|---|
| Authors | Mark Aspinwall (0000-0002-0176-7751, Durham University, corresponding author) |
| Year | 1998 |
| Volume | 33 |
| Issue | 3 |
| Pages | 323-346 |
| Publication date | 1998-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of Political Research (JOURNAL) |
| Journal identifiers | ISSN: 0304-4130 • E-ISSN: 1475-6765 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/1475-6765.00385 |
| OpenAlex | W2096057020 |
| Language | EN |
| References cited | 22 |
This paper examines the role of capital disinvestment in the development of common EU policies, and suggests that mobile capital in low–tech sectors (where technology gains do not support high unit labour costs) is susceptible to high social costs, and will avoid them through exit. Integration theories have failed to assimilate the implications of this. While theorists have been busy making the case for either states or institutions as the key actors upon whom integrative outcomes in Europe depend, not enough attention has been paid to the influence of organized interests, and particularly whether they derive systemic power from the structure of the international economic system. Three points may be made. First, the relative power of interests changes with the internationalization of the economy. Second, the power of capital relative to labour is likely to vary along several axes: the degree of mobility, the level of international competition faced by the sector or firm, and the sensitivity to policy costs. Third, the dilemma posed by capital mobility to political bargains among socio–economic actors may help us get to the bottom of the long–standing debate among integration theorists regarding both the likely outcome of integrative efforts and the identity of the most relevant actors
Capital (architecture · Dilemma · Disinvestment · Economic system · Economics · Globalism · Globalization · International trade · Internationalization · Market economy · Political economy · Power (physics · Social capital · Sociology · European Union Policy and Governance · Regional Development and Policy · Social Policy and Reform Studies
Uniting Of Europe
Obstinate or Obsolete? The Fate of the Nation-State and the Case of Western Europe
Neo-functionalism
The state of the European Community
The Uniting of Europe
The new European Community. Decision making and institutional change
Sovereignty for Sale
International Politics and International Economics
Recasting the European Bargain
From National Corporatism to Transnational Pluralism
The Future of the ‘Social Dimension
The European Community Between Social Policy and Social Regulation
Preferences and Power in the European Community
The internationalisation of business and domestic class compromises
Corporatism and the ‘privileged position’ of business
Capital in Britain
Domestic Politics and Dynamic Issue Linkage
Capital Mobility and State Autonomy
Beyond interdependence
| Citation velocity | historical |
|---|---|
| Highly cited | No |