Geopolitics of the European Union: Are Steps Backward the Way Forward?

Jovanovic, M., and J. Damnjanovic (2013). ‘Geopolitics of the European Union: Are steps backward the way forward?’, Economia Internazionale/International Economics, vol. LXVI, November 2013, pp. 455-482.

29 Pages Posted: 14 Feb 2014  

Miroslav N. Jovanovic

University of Geneva, Global Studies Institute

Jelena Damnjanovic

Novi Sad Business School

Date Written: November 1, 2013

Abstract

The principal goal of integration in Europe in the post-Second World War period has always been the safeguarding of peace through economic integration. The European Union (EU) has overseen splendid economic achievements. A sign of that great success has been the EU's continuous enlargement. However, geopolitics in Europe is transforming as Germany, France, Britain, Russia and Turkey explore ways to return to a version of the ‘old’ geopolitical equilibrium in which these countries, rather than the EU, call the tune in Europe. The eurozone is the crown jewel in the process of European integration, but it is also its weakest component. The eurozone is now synonymous with harsh austerity measures, protests and no prospect of any remarkable growth in many countries for a good many years to come. Obvious rifts between the EU's countries are shaking its foundations like never before. The EU passed through many crises (approximately one a decade), and it always exited stronger. This time may be different. The EU may weather the storm. It may, however, end up as a big and important group, but not a very happy family of nations. The first decade of the 21st century was ‘lost’ for the EU, while the second decade may prove to be the epoch of its diminished global relevance. This is a pity as Europe has taken the reins in many global issues (e.g. environment).

Keywords: geopolitics, European Union, Germany, France, Britain, Russia, eurozone

JEL Classification: F15, F53, F55

Suggested Citation

Jovanovic, Miroslav N. and Damnjanovic, Jelena, Geopolitics of the European Union: Are Steps Backward the Way Forward? (November 1, 2013). Jovanovic, M., and J. Damnjanovic (2013). ‘Geopolitics of the European Union: Are steps backward the way forward?’, Economia Internazionale/International Economics, vol. LXVI, November 2013, pp. 455-482. . Available at SSRN: https://ssrn.com/abstract=2395169

Miroslav N. Jovanovic (Contact Author)

University of Geneva, Global Studies Institute ( email )

Sciences II, 30 Quai Ernest-Ansermet
Geneva 4, 1211
Switzerland
+41 22 379 3706 (Phone)

HOME PAGE: http://www.miroslavjovanovic.com

Jelena Damnjanovic

Novi Sad Business School ( email )

Vladimira Perica-Valtera 4
Bulevar kralja Petra I 38
Novi Sad, 21000
Serbia

HOME PAGE: http://jelenadamnjanovic.rs/

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