Table of Contents

Handbook on Multi-level Governance

Handbook on Multi-level Governance

Elgar original reference

Edited by Henrik Enderlein, Sonja Wälti and Michael Zürn

Scholarship of multi-level governance has developed into one of the most innovative themes of research in political science and public policy. This accessible Handbook presents a thorough review of the wide-ranging literature, encompassing various theoretical and conceptual approaches to multi-level governance and their application to policy-making in domestic, regional and global contexts.

Chapter 28: Economic Policy-making and Multi-level Governance

Henrik Enderlein

Subjects: politics and public policy, public policy, regulation and governance


Henrik Enderlein 28.1 INTRODUCTION The central diagnosis from the assessment of economic policy management of the ‘Great Recession’ of 2007–09 is a paradox: the crisis was global, but the responses were national. If economic globalization has become a fact of life, it has not yet become a fact of politics. Indeed, many of the tools of economic policy-making still rest under the exclusive competence of national authorities (with the notable exception of the European Union (EU) as discussed below) and – even more importantly – are applied on the basis of largely national considerations. This triggers the question of the right level at which economic policy choices should be made. There is an interesting back-and-forth movement between upward and downward delegation of economic policy-making across levels, reaching from municipalities via subnational entities to the nation-state, regional actors, and the global level. For example, global economic coordination was at its heights after the emergence of the Bretton Woods system in the 1950s and 1960s; during this time, the global ‘level’ constituted an independent layer of economic policy authority. But with the breakdown of the Bretton Woods system, regional configurations – and in particular the EU – became more important. At the level of nation-states, there were times in which fiscal centralization was advocated, whereas current developments clearly point in the direction of decentralization and thus a downward delegation of economic competence in the multi-level system. The purpose of this chapter is to provide a structured review of different configurations of economic policy-making in a...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information