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European Union (EU) New Economic Policy-Annotated Bibliography

European Union (EU) New Economic Policy-Annotated Bibliography

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European Union (EU) New Economic Policy-Annotated Bibliography

Recently, European commission has made a lot of reforms on its economic policies, largely informed by the recent economic and financial crisis affecting member states. Thus, my research will focus on analyzing in details the new economic reforms made by EU recently. This paper presents bibliography details of the sources that I will use for my research.

Annotated Bibliography

Ali El-Agraa, A., (2011), The European Union: Economics and Policies, New York (NY):

Cambridge University Press

This book covers all major policy areas of EU, including economic integration among EU members. This source has credible information about recent economic policies made by European Commission.

Bayne N., & Woolcock, S., (2011), The New Economic Diplomacy: Decision-Making and

Negotiation in International Economic Relations, London: Ashgate Publishing, Ltd.

This book explains how states and regions, including European Union, conduct their internal and external economic relations in the 21st century. Chapter 9 has useful information regarding the recent changes in economic policies by EU.

Blizkovsky , P. (2011), The New Economic Governance of the European Union: What is it and

who does what?, Policy Brief Series, 2(4), Retrieved 2 April 2012 from HYPERLINK “http://www.spp.nus.edu.sg/docs/policy-briefs/the-briefing-room/2011/tbrPB11-04.pdf” http://www.spp.nus.edu.sg/docs/policy-briefs/the-briefing-room/2011/tbrPB11-04.pdf

This source discusses economic governance of European Commission and economic policy measures made recently. It has vital information related to the new economic policies made by EU.

Donici, G., Ionel; S. & Încalţărău, C., (2010), European Union – World Economic Power, CES

Working Papers, 2 (1), pp. 27 – 41

This journal describes the shape of economic policies of EU by 2010. It has vital formation about the recent changes in EU economic policies driven by financial crisis

European Commission, (2011), An agenda for growth – 23/11/2011, Retrieved 2 April 2012

from, HYPERLINK “http://ec.europa.eu/news/economy/111123_en.htm” http://ec.europa.eu/news/economy/111123_en.htm

This site presents an overview of the details of a meeting held by European Commission officials on 23 November, 2012. It provides information about budgetary and economic recommendations which were set as priorities to be met in the future, during that meeting. Thus, this site has useful information about the new economic policy of EU.

European Commission, (2011), Proposal for a regulation of the European parliament and of the

council on the strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties with respect to their financial Stability in the euro area, Retrieved 2 April 2012 from, HYPERLINK “http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/regulation_2_en.pdf” http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/regulation_2_en.pdf

This site presents a proposal by European Commission to enhance surveillance of EU nations which are threatened by financial instability or which are given financial support. It is thus a credible source for my research.

European Commission, (2011), Proposal for a regulation of the European parliament and of the

council on common provisions for monitoring and assessing draft budgetary plans and ensuring the correction of excessive deficit of the Member States in the euro area, Retrieved 2 April 2012 from, HYPERLINK “http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/regulation_1_en.pdf” http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/regulation_1_en.pdf

This site presents a proposal made recently be European Commission requiring Euro zone nations to read their draft budgets at the same time. Thus, it is a vital source for my research.

European Commission, (2012), Annual Growth Survey 2012, Retrieved 2 April 2012 from,

HYPERLINK “http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/annex_1_en.pdf” http://ec.europa.eu/commission_2010-2014/president/news/documents/pdf/annex_1_en.pdf

This site presents the results of the 2011 survey conduced by the European Commission on the rate of economic and employment growth. In this source, European Commission offers suggestions to member countries of EU on how to put public finances in order and to make structural reforms, thereby boost economic and employment growth. Therefore, this source has relevant information about the new economic policy of EU.

European Commission, (2012), A new EU economic governance – a comprehensive Commission

package of proposals, Retrieved 2 April 2012 from, HYPERLINK “http://ec.europa.eu/economy_finance/articles/eu_economic_situation/2010-09-eu_economic_governance_proposals_en.htm” http://ec.europa.eu/economy_finance/articles/eu_economic_situation/2010-09-eu_economic_governance_proposals_en.htm

This site provides the new proposals by European commission to EU members, which are build on the measures taken during the recent financial crisis. These proposals are meant to improve economic governance and help to control economic debt in the future. Therefore, this source is also useful for the purpose of my research.

European Commission, (2012), Consultation on Proposed EU Platform for External

Cooperation and Development, Retrieved 2 April 2012 from, HYPERLINK “http://ec.europa.eu/economy_finance/consultation/index_en.htm” http://ec.europa.eu/economy_finance/consultation/index_en.htm

This site describe a recent step by European Commission to launch public consultation on how the Euro zone can be able to collectively offer financial assistance to member countries with debt problems.

European Commission, (2012), on the feasibility of introducing Stability Bonds, Retrieved 2

April 2012 from, HYPERLINK “http://ec.europa.eu/commission_2010 2014/president/news/documents/pdf/green_en.pdf” http://ec.europa.eu/commission_2010 2014/president/news/documents/pdf/green_en.pdf

This paper presents various options offered by European commission for assisting member countries with debt problems. It is a credible and reliable source for my research.

Jackson, B. P., (2011), The European Union Goes East, Policy Review, 166, p. 53

This journal reviews the recent policies made by European Union, especially those affecting Eastern Europe. This source effectively covers the recent economic policies made by European Commission and the impact of these policies in Eastern Europe.

Organisation for Economic Co-Operation and Development (2011), Economic Policy Reforms

2011: Going for Growth, New York (NY): OECD Publishing

This book presents economic policy reforms made by various countries and regions in the world, which are influenced by the recent economic and financial crisis. Chapter 6 of the books offers an overview of the recent economic reforms made by EU.

Organisation for Economic Co-Operation and Development (2011), Economic Survey of the European Union 2012, Retrieved 2 April 2012 from, http://www.oecd.org/document/56/0,3746,en_2649_34569_49931256_1_1_1_1,00.html

This site offers an overview of economic survey of European Union conducted by Organization for Economic Co-Operation and Development department. It reviews the recent economic reforms made by European Commission and offers recommendations for the future.

Staab, A., (2011), The European Union Explained: Institutions, Actors, Global Impact, New

Delhi: Indiana University Press, 2011

This book provides details about EU, including the structure of economic policy of EU. Chapter 15 of this book has useful information regarding the recent economic reforms made by European Commission.

European Parliament

European Parliament

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European Parliament

The European parliament have undergone through a remarkable evolutionary phase in the recent past decades. This is from the original AECSC (Assembly of the European Coal and Steel Community) which was least empowered in decision making especially within the EU council into the current day status as an equal partner with EU council within basically all areas of policy making. The parliament initially carried only a consultative purpose but reforms experienced in the 1970s empowered it into a legislative body just as is the case with other parliament of the world. It was that empowered to enact laws of the land and these powers improved greatly after the ratification of Lisbon treaty (Clerck-Sachsse and Kaczyński, 2009, p. 1-2; Cooper, 2011, p. 1-4). Among other credits given to the parliament is its Endeavour to protect human rights within or even outside the confines of the union and has been using its power to ensure fundamental rights of persons are realized. It thus carries supervisory powers, budgetary powers as well as the legislative powers (‘The EU Civil Society Contact Group’, 2009, p. 1-4; Norton, 2007, p. 7).

The empowerment of the parliament is credited on two basic elements of empowerment, which are rulings by the ECJ (European court of justice) on the powers of EU institutions as well as formal treaty reforms that has taken place. The parliament developed own rules of procedure which had an impact on the judicial rulings (European Union, 2010, p. 2-8). For instance, back in 1957, the parliament had absolutely limited powers and had been set up by the government as a partial decision maker, which meant that the government would involve it while consulting for decisions and would as well ignore it. This therefore triggered the pursuit of its empowerment in the 1970s with direct election and budgetary reforms shaping the initial elements of empowering the parliament. Previously, the parliament was a composition of ‘part time delegates’ from other parliaments and therefore, the improvement to direct election ensured full responsibility of the chamber. Because of such empowerment, the parliament was acknowledged as an active participant in decision making on national policies and the court of justice actively involved the parliament in barely all matters of policymaking and such decisions, which previously partially involved the contributions from the parliament (Hix and Høyland, 2013, p. 172-173).

The 80s represented a period of increased empowerment to the parliament towards empowering it to carry the powers as it contains today. It is the world’s most sophisticated super national parliament despite the many challenges in political development that currently faces it. Nevertheless, it is to be appreciated that the parliament have amassed great powers in the recent past decades in regard to inter institutional arrangement in EU as well as in legislative capacity despite its struggle in effective translation of political power towards the EU electorates. This means that despite the increased empowerment that it has received in the past, the parliament has to deploy effectively its powers in order to gain higher credibility and legitimacy in organization. Clegg and Hulten analyze possible mechanisms to reform the parliament for increased empowerment and propose the following as basic steps necessary. It should improve on legislative responsibilities, have a better scrutiny of the European executive, bridge the gaps existing in national politics as well as heighten the public profile. Moreover, reformation of electoral process through enhanced links between MEPs as well as the voters and ensuring that parliamentary processes are transparent, efficient as well as accountable will improve on the reformation processes desired (Clegg and Hulten, 2002, p. 1-6).

The parliament received a boost in its powers and responsibilities after the ratification of the Lisbon treaty drafted in 2007, through which the parliament aimed at overcoming the challenge of voting unanimously in the council over single acts as well as having the capacity to create such single groups as the Euro zone which were previously not at its discretion. Flexibility through enhanced cooperation has therefore been enhanced in decision making by the parliament through the treaty. Other areas covered in the treaty were enhanced cooperation on security, justices, freedom as well as strengthened economic integration between the states in the Euro zone. Community policies such as taxation, European citizenship as well as social policies were equally considered in the treaty, which therefore indicate the new dimensions of powers vested on the parliament after the treaty unlike the limited powers, which it was entitled previously (Kurpas et al, 2007, p. 13-14). The treaty of Lisbon comprehensively empowers the parliament on democratic principles, which brings together the working of European parliament, the national parliaments as well as the role of citizens in democratic European Union. Representative democracy and participatory democracy are well envisaged to enhance collaboration of all organs involved in effective democratic regimes in the union with the basic responsibility sticking to the European parliament (Mayoral, 2011, p. 1-5).

The coming into effect of the Lisbon treaty in2009 brought great revolution in institutional decision making within the European Union and enhanced increased cooperation by the member countries (Craig, 2008, p. 109-110; ‘Treaty of Lisbon’ nd, p. 1-5 ). European Council president position was created through the treaty to aid in coordination of eth 27 member countries towards cooperation and increased ease of decision making by the parliament. However, despite such increased prospects by the treaty towards effectiveness by the parliament, Archick and Mix (2010, p. 1-3) questions the treaty’s effect towards improving the parliaments cooperation with international community such as the United States. The treaty fails to structure effective mechanisms to effectuate the efforts by the parliament to collaborate the European union and the united states as would be deemed profitable.

In conclusion, therefore, the European parliament would be celebrated of having made great steps towards being empowered since the 1980s. This is because prior to the empowerment, the parliament had only a passive role in decision making within the union. The structure of the union previously held the judicial system and the ministers to having powers on legislation and as such, the parliament only participated partially. However, the empowerment of the parliament has revolutionized the working of the union with democracy taking a lead. This implies that the institutions of decision-making and the citizens are included in decision-making (Matarazzo, 2011, p. 11-15). The parliament was empowered to oversee democracy thrive through legislative powers, budgetary powers as well as supervisory role (Archick, 2013, p. 1-4). However, despite great empowerment by the Lisbon treaty in 2009, the parliament is argued to be still weak in its capacity to render the responsibilities accorded due to poor institutional arrangement. This is shown by ineffective legislative responsibilities, poor scrutiny of the European executive, gaps existing in national politics as well as low public profile among others (Maurer, 2003, p. 227-229).

Bibliography

Archick K., 2013. The European Parliament. Congressional Research Service Available at: < http://www.fas.org/sgp/crs/row/RS21998.pdf> (Accessed on 27 November 2013)

Archick K. and Mix D. E. 2010. The European Union’s Reform Process: The Lisbon Treaty. Congressional Research Service Available at: < http://fpc.state.gov/documents/organization/139287.pdf> (Accessed on 27 November 2013)

Clerck-Sachsse J. and Kaczyński P. M., 2009. The European Parliament – More powerful, less legitimate? An outlook for the 7th term. Available at: < http://www.ceps.eu/files/book/1846.pdf> (Accessed on 27 November 2013)

Clegg N. and Hulten M., 2002. Reforming the European parliament. Available at: < http://fpc.org.uk/fsblob/130.pdf> (Accessed on 27 November 2013)

Cooper I, 2011. A “Virtual Third Chamber” for the European Union? National parliaments after the Treaty of Lisbon. Available at: < http://www.sv.uio.no/arena/english/research/publications/arena-publications/workingpapers/working-papers2011/wp-07-11.pdf> (Accessed on 27 November 2013)

Craig P., 2008. The Role of the European Parliament under the Lisbon Treaty. Available at: < http://link.springer.com/chapter/10.1007%2F978-3-211-09429-7_5> (Accessed on 27 November 2013)

‘European Union’, 2010. Welcome to the European Parliament. Available at: < http://www.europarl.europa.eu/pdf/welcome_brochures/for_you/working_for_you_en.pdf> (Accessed on 27 November 2013)

Hix S. and Høyland B., 2013. Empowerment of the European Parliament. Annu. Rev. Polit. Sci. 16:171–89

Kurpas S. et al, 2007. Available at: < http://www.ceps.eu/files/book/1554.pdf> (Accessed on 27 November 2013)

Maurer A., 2003. The Legislative Powers and Impact of the European Parliament. JCMS 41(2): 227–47

Matarazzo R., 2011. Democracy in the EU after the Lisbon treaty. Available at: < http://www.iai.it/pdf/Quaderni/iairp_02.pdf> (Accessed on 27 November 2013)

Mayoral J. 2011. Democratic improvements in the European Union under the Lisbon Treaty Institutional changes regarding democratic government in the EU. Available at: < http://www.eui.eu/Projects/EUDO-Institutions/Documents/EUDOreport922011.pdf> (Accessed on 27 November 2013)

Norton P., 2007. National Parliaments and the European Union. Available at: < http://idpbarcelona.ub.edu/docs/recerca/dretue/docs/pdf/competencia_biblio_libros/6_norton.pdf> (Accessed on 27 November 2013)

‘The EU Civil Society Contact Group’, 2009. What is the European parliament? Available at: < http://www.wereurope.eu/download/eu/factsheet_ep.pdf> (Accessed on 27 November 2013)

‘Treaty of Lisbon’ nd. Treaty of Lisbon. Available at: < http://www.saylor.org/site/wp-content/uploads/2011/05/Treaty-of-Lisbon.pdf> (Accessed on 27 November 2013)

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