Fostering a Dynamic and Stable Neighborhood for Europe

Review of Economics and Finance, Vol. 14, Issue 4, pp. 39-54

Posted: 12 Nov 2018

See all articles by Karl Aiginger

Karl Aiginger

Austrian Institute of Economic Research (WIFO)

Heinz Handler

Austrian Institute of Economic Research (WIFO); Vienna University of Technology - Institute of Statistics and Mathematical Methods in Economics, Research Group Economics (ECON); Policy Crossover Center Vienna-Brussels

Date Written: September 2018

Abstract

This article designs a strategy based on which Europe can increase its internal dynamics, connect with its dynamic neighborhood and stabilize its eastern and southern regions. The envisaged strategy learns from past errors, counteracts “my country first calls”, balances uneven trade and investment pacts, and prevents land and resource grabbing. A new partnership strategy with neighbors in Eurasia, the Middle East and Africa will enable Europe to overcome its growth fatigue. It could help to reshape globalization and convert the current “ring of fire” into a “ring of friends”. Then, together with its neighbors, Europe could still be an important economic region in 2050.

Keywords: European Neighborhood Policy, Marchell Plan for Africa, dependency theory, migration and education

JEL Classification: E02, E61, F13, F42

Suggested Citation

Aiginger, Karl and Handler, Heinz J., Fostering a Dynamic and Stable Neighborhood for Europe (September 2018). Review of Economics and Finance, Vol. 14, Issue 4, pp. 39-54, Available at SSRN: https://ssrn.com/abstract=3270874

Karl Aiginger (Contact Author)

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Wien, A-1103
Austria

Heinz J. Handler

Austrian Institute of Economic Research (WIFO) ( email )

P.O. Box 91
Arsenal 20
Vienna, A-1103
Austria
+43 1 79826010 (Phone)

HOME PAGE: http://www.wifo.ac.at

Vienna University of Technology - Institute of Statistics and Mathematical Methods in Economics, Research Group Economics (ECON) ( email )

Wiedner Hauptstraße 8/105-3
Vienna, 1040
Austria

HOME PAGE: http://www.econ.tuwien.ac.at

Policy Crossover Center Vienna-Brussels ( email )

Vienna
Austria

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