Fostering Economic Growth in Europe by Increasing Political Leadership
4 Pages Posted: 12 Oct 2016
Date Written: July 30, 2016
Abstract
Creation and communication of strategic vision, optimization of the distribution of authority among institutions, and consideration of latent conflicts and subjective interests in decision-making processes; are three factors which would increase the political dimension of leadership of European central authorities. Lack of political leadership is limiting the capability of central authorities for developing and implementing socially and politically feasible action plans. Furthermore, it disorients economic agents and their decisions result easily flawed. Increasing political leadership is a natural step to advance in the road of creating an economic and monetary union in the democracy of Europe.
Keywords: Europe, Institutions, Growth, Government
JEL Classification: O43, O52, H11
Suggested Citation: Suggested Citation