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INTEGRATION IN EUROPE 1992 A SCENARIO FOR THE GLOBAL STABILITY OR INSTABILITY

INTEGRATION IN EUROPE 1992 A SCENARIO FOR THE GLOBAL STABILITY OR INSTABILITY To investigate the dynamics of the Europe 92 project, we have applied Johan Arndt's Political Economy Paradigm, four dimension of which are external, internal, polity, and economy. These will provide us with an extensive domain of interactive and interrelated components. Our analysis of the socalled Internal Market supports the notion that Europe '92 will be a new actor, on the global scene. This will have farreaching and pronounced effects on the political dynamics of the new global security system characteristics of the posthegemonic multipolar structures. Our arguments suggest that the long term implications of Europe '92 may well indicate crossborder interactions among states of the magnitude that can and should integrate the U.S. and Japanese economies. Furthermore, no hegemonic power is certain to emerge from such a complex international political economy, for in a not too distant future all nations will likely have developed interests in some type of cooperation. The logical progression of this trajectory points to further predictability in and global stability for the interstate relations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Commerce and Management Emerald Publishing

INTEGRATION IN EUROPE 1992 A SCENARIO FOR THE GLOBAL STABILITY OR INSTABILITY

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References (12)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1056-9219
DOI
10.1108/eb060297
Publisher site
See Article on Publisher Site

Abstract

To investigate the dynamics of the Europe 92 project, we have applied Johan Arndt's Political Economy Paradigm, four dimension of which are external, internal, polity, and economy. These will provide us with an extensive domain of interactive and interrelated components. Our analysis of the socalled Internal Market supports the notion that Europe '92 will be a new actor, on the global scene. This will have farreaching and pronounced effects on the political dynamics of the new global security system characteristics of the posthegemonic multipolar structures. Our arguments suggest that the long term implications of Europe '92 may well indicate crossborder interactions among states of the magnitude that can and should integrate the U.S. and Japanese economies. Furthermore, no hegemonic power is certain to emerge from such a complex international political economy, for in a not too distant future all nations will likely have developed interests in some type of cooperation. The logical progression of this trajectory points to further predictability in and global stability for the interstate relations.

Journal

International Journal of Commerce and Management – Emerald Publishing

Published: Mar 1, 1991

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