Jump to ContentJump to Main Navigation
European regionalism and the left$
Users without a subscription are not able to see the full content.

Gerard Strange and Owen Worth

Print publication date: 2012

Print ISBN-13: 9780719085734

Published to Manchester Scholarship Online: May 2013

DOI: 10.7228/manchester/9780719085734.001.0001

Show Summary Details
Page of

PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in MSO for personal use (for details see www.manchester.universitypressscholarship.com/page/privacy-policy).date: 23 October 2018

The euro and open regionalism in the politics of ‘permanent renegotiation’ and the international political economy of monetary power: a critical engagement with ‘new constitutionalism’

The euro and open regionalism in the politics of ‘permanent renegotiation’ and the international political economy of monetary power: a critical engagement with ‘new constitutionalism’

Chapter:
(p.62) 3 The euro and open regionalism in the politics of ‘permanent renegotiation’ and the international political economy of monetary power: a critical engagement with ‘new constitutionalism’
Source:
European regionalism and the left
Author(s):

Strange Gerard

Publisher:
Manchester University Press
DOI:10.7228/manchester/9780719085734.003.0004

This chapter critically interrogates the principle claims of the new constitutionalist thesis as applied to the evaluation of EMU. In doing so, it argues for the continued efficacy of the euro in terms of social democratic advance both at the EU and global levels. It is acknowledged that, in the context of globalisation and open regionalism, EMU provides few, if any, guarantees for social democratic regulation and that the nature, meaning and operational parameters of social democracy have to be substantively rethought. Nevertheless, it is argued that new constitutionalism's exclusive focus on the internal and external constraints EMU imposes on social democracy is overdrawn. As a consequence, it has failed to recognise the importance of EMU as a political response to neoliberalism, globalisation and (declining) American power; and by the force of its own argument it has failed to give sufficient attention to wider global power shifts, which, like the euro, have challenged both US and neoliberal dominance.

Keywords:   Euro, European Monetary Union, neoliberalism, social democracy, US power, globalisation, monetary power, new constitutionalism

Manchester Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.