The Economics of Harmonizing European Law

The Economics of Harmonizing European Law

New Horizons in Law and Economics series

Edited by Alain Marciano and Jean-Michel Josselin

One of the major effects of the continual process of European integration is the growing importance of transnational institutions and the accompanying legal harmonization. Such institutional changes have led to a seemingly irreversible transformation in public decision making, whereby power at the national level is displaced to the European and regional levels. This essential book provides a law and economics analysis of the challenges arising from these shifts in authority.

Chapter 9: Decentralized interregional cooperation in Europe

Sylvie Graziani and Michel Rombaldi

Subjects: economics and finance, law and economics, law - academic, european law, law and economics


Sylvie Graziani and Michel Rombaldi The development of global economy has encouraged the emergence of new directions for l’école de la régulation’. This has led to changes in the content and nature of public governance. Within this new context, interregional cooperation becomes an essential element of decentralized public governance renewal. This form of cooperation is particularly well suited for the Mediterranean. 9.1 9.1.1 A NEW METHOD OF GOVERNANCE The Consequences of Global Economy Globalization brings with it a breaking down of the national coherence of productive systems. Up until now, the governance carried out by the nations owed its coherence to the existence of frontiers. Today, it can be said that, due to its almost complete disappearance of these frontiers, these have become lost within a transnational governance (Theret, 1992). Soon it will no longer be possible for us to identify national economies (Reich, 1993), which will slowly make way for new entities: the region-states (Ohmae, 1996). Globalization and the emergence of new economic powers encourages this spatial reorganization of the economy. Aglietta (1995) does not believe in a homogeneous tripartite distribution (North America, Asia, Europe), but is fairly convinced that we are heading towards a regulation fragmented into a number of zones that are more or less imbricated. Conversely, others (Gerbier, 1995) feel that different methods of governance can coexist while being based on a global tripartite functioning. This new method of governance would appear to be emerging in areas such as the European Union, the North...

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