Italy and the economic and monetary union: the politics of ideas

Quaglia, Lucia (2006) Italy and the economic and monetary union: the politics of ideas. Edwin Mellen Press, New York. ISBN 9780773457683

Full text not available from this repository.

Abstract

This book analyzes Italy’s policy toward European monetary integration from the creation of the European Economic Community (EEC) in 1957 to the final stage of Economic and Monetary Union in 1999 and the first five years thereafter. It is argued that “ideas,” in the form of “policy paradigms,” are crucial in framing member states’ trajectories in the European Union (EU) and they are therefore core components of the process of Europeanization. Policy paradigms need to be contextualized by considering the evolution of domestic institutions.

According to the foreign policy paradigm that prevailed in Italy from the Second World War until the late 1990s, “Europe” has been of paramount priority, which has been associated with its political, economic and cultural modernization. The economic policy paradigm, instead, has shifted from Keynesian economics in the 1960s and 1970s to the monetarist-inspired, stability-oriented paradigm of the 1980s and 1990s. The pro-European foreign policy paradigm explains why Italian policymakers decided to join all the European monetary initiatives, whereas the economic paradigm, which, for most of the time, was far apart from the stability-oriented paradigm embedded in European monetary regimes, explains Italy’s difficult adaptation. The book concludes by pointing out that the foreign policy paradigm has begun to shift since the late 1990s.

Item Type: Book
Keywords: Economics, Business, Management, Italy - History, Political Science, Political Philosophy & Theory
Schools and Departments: School of Law, Politics and Sociology > Politics
Depositing User: Lucia Quaglia
Date Deposited: 06 Feb 2012 21:07
Last Modified: 29 Jun 2012 14:53
URI: http://sro.sussex.ac.uk/id/eprint/29582
📧 Request an update