Publisher's Synopsis
This book considers policies needed to combat unemployment in Europe. One of the key developments politically, socially and economically - of the late 1980s and early 1990s was the formulation of proposals and policies for the further integration of the European Community, first with the Single European Act and the 1992 process, and now with the Maastricht Treaty's proposals for moving to a single currency by the end of the century. Alongside this, Britain has experienced the longest recession since the 1930s and Europe generally seems set for economic stagnation and mass unemployment through the 1990s. These economic developments have made the Maastricht Treaty inadequate at best, and as Jacques Delors and others have publicly acknowledged, the need for the rest of the 1990s will be for policies to tackle unemployment. These cannot be limited to Labour market policies - it also requires positive fiscal and industrial policies. It is these policies for growth and tackling unempolyment which the book analyses.;This edited book is a critical examination the of economic implications of European integration and policies for monetary union. It analyzes the causes of unemployment and gives detailed consideration to alternative policies for the European economy which focus on rejuvenation and employment growth rather than financial convergence. The contributors are among the top names in the field, including an official of the European Commission (Horst Reichenbach), one of the members of the Treasury Advisory Panel (Wynne Godley) and a former economic advisor to the Leader of the Opposition (John Eatwell).
