By Nancy Bermeo
The flow for eu integration has yielded a eu Union of fifteen states with a unified financial process that may ultimately include over 370 million humans. If present tendencies proceed, a typical of 1 in ten of those humans might be unemployed. This booklet is ready unemployment and eu unification. It examines the results of every and their interconnections. It offers common essays on Europe as a complete, on exertions unions and on quite a few case reports together with Spain, Portugal and the Netherlands. Its imperative argument is that the ecu financial system might be reformed yet that it may maintain lots of its controlled facets and be cautious of modeling itself at the usa. The booklet contributes to the literature on eu politics, political economic system, and comparative public coverage.
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Extra resources for Unemployment in the New Europe
While it is obviously much too early to answer that question, we can speculate about the likely effects of EMU on unemployment in Europe (see Cameron 1997, 1998b). Structural Effects of EMU There can be no doubt that EMU has already had, and will continue to have, far-reaching structural consequences for the economies of the participating member states. Especially for ﬁrms involved in ﬁnancial services, but also for ﬁrms in a variety of other sectors as well, the irrevocable locking of the exchange rates of the participating currencies and eventual introduction of the euro will bring greater transparency in producer costs and enable consumers to compare prices more meaningfully and to be more fully informed in making choices among competing producers.
As with unemployment in general, the experience of long-term unemployment was more frequent among European women than men (and also among the younger and older cohorts of the labor force compared with those aged 25–55). And as with the other facets of employment and unemployment, there are marked variations within the EU. In Germany, Greece, and Ireland, the proportion of the unemployed who had been unemployed for more than one year exceeded 50 percent, and in Belgium and Italy the proportion exceeded 60 percent!
Why did the citizens of those states enjoy lower rates of unemployment and higher rates of job creation and employment than did the citizens of other EU member states? Political factors may have played a role in enabling some of the member states to reduce the rate of unemployment below the levels recorded in the late 1970s and early 1980s. There appears to be a systematic association between the partisan composition of a country’s government and the ability to effect a signiﬁcant reduction in the rate of unemployment over the long term.