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Chapter 2 The European Union – An Economic Overview: A Paradigm of Unity in Diversity

The United States of Europe: European Union and the Euro Revolution, Revised Edition

ISBN: 978-1-78052-314-9, eISBN: 978-1-78052-315-6

Publication date: 7 December 2011

Abstract

To begin, we must understand Jean Monnet's vision of the Europeanization of Europe. As early as the 1940s, when Europe still struggled to recover and rebuild from the devastation of WWII, he forcefully argued: “The countries of Europe are not strong enough individually to be able to guarantee prosperity and social development for their peoples.” Indeed, in terms of economic magnitudes, the individual sovereign nation states of Europe were marginal entities (see Chapter 1). “The States of Europe must therefore form a federation or a European entity that would make them into a common economic unit” (Monnet, 1978; see also http://www.historiasiglo20.org/europe/monnet.htm).

Citation

Dutta, M. (2011), "Chapter 2 The European Union – An Economic Overview: A Paradigm of Unity in Diversity", Dutta, M. (Ed.) The United States of Europe: European Union and the Euro Revolution, Revised Edition (Contributions to Economic Analysis, Vol. 292), Emerald Group Publishing Limited, Leeds, pp. 13-28. https://doi.org/10.1108/S0573-8555(2011)0000292009

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited