50 Years Of Eu Economic Dynamics: Integration, Financial Markets And Innovations

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Experts present their analyses of historical developments as well as new economic challenges for the European Union. Contributors, representatives from major banks and academia, point out the dramatic economic shifts among and within Europe, Asia, and the United States. At the bottom line of this EU analysis are major implications for investors, managers, policymakers, and the public at large in both the EU and the rest of the world.

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50 Years of EU Economic Dynamics Richard Tilly · Paul J. J. Welfens Michael Heise (Editors) 50 Years of EU Economic Dynamics Integration, Financial Markets and Innovations Dedicated to Jacques Delors –A Leading Spirit of European Integration 123 Professor Dr. Richard Tilly University of Münster Institut für Wirtschafts- und Sozialgeschichte Domplatz 20-22 48143 Münster Germany [email protected] Professor Dr. Paul J. J. Welfens University of Wuppertal EIIW – European Institute for International Economic Relations Rainer-Gruenter-Straße 21 42119 Wuppertal Germany [email protected] Dr. Michael Heise Allianz Group Gallusanlage 8 60301 Frankfurt Germany [email protected] Library of Congress Control Number: 2007934935 ISBN 978-3-540-74054-4 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springer.com © Springer-Verlag Berlin Heidelberg 2007 The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Production: LE-TEX Jelonek, Schmidt & Vöckler GbR, Leipzig Cover-design: WMX Design GmbH, Heidelberg SPIN 12102921 43/3180YL - 5 4 3 2 1 0 Printed on acid-free paper Table of Contents Introduction ...........................................................................................................1 Paul J.J. Welfens, Richard Tilly and Michael Heise A. The European Union 50 Years On: Some Comments on Its Early History ....................................................................................11 Richard Tilly A.1. Introduction .........................................................................................11 A.2. Historical Background and Economic Nationalism.............................11 A.3. Post-1945 European Economic Integration .........................................13 A.3.1. “Monnetism” and the European Coal and Steel Community..............................................................13 A.3.2. The Role of West German Trade ............................................15 A.3.3. Birth of the European Economic Community.........................18 A.3.4. The Legacy of Agricultural Protectionism..............................20 A.4. Conclusion.......