On 26 July 2012, Mario Draghi declared in front of a group of about 200 London business people that he would do ‘whatever it takes to save the euro’.1 These seven words have been analysed to have... Show moreOn 26 July 2012, Mario Draghi declared in front of a group of about 200 London business people that he would do ‘whatever it takes to save the euro’.1 These seven words have been analysed to have made all the difference.2 By doing so, the European Central Bank (ECB) effectively ended a long period of uncertainty and indecisiveness. The markets needed a strong signal so that they knew that the young European currency would be supported politically and economically. After summer 2012, the euro area did not experience the same level of crisis, although the sovereign debt crisis was truly resolved only in 2015 and there were still challenging times until then. Show less
This chapter offers an inquiry into how EMU has been conceptualized in the European Union by analysing the path taken over the past five decades. The definition of what is on the agenda, and... Show moreThis chapter offers an inquiry into how EMU has been conceptualized in the European Union by analysing the path taken over the past five decades. The definition of what is on the agenda, and considered part of the scope of EMU, has had a major impact on what EMU actually covers. In the early years, the focus was on exchange rates, policy coordination, and central banking. In the second part, macroeconomic policy coordination with limits on budgetary deficits and public debt took centre stage. The third period added the importance of banking regulation. The most recent period is branching out into the early steps of fiscal federalism. These topics had been considered when conceptualizing early plans, but had not been developed, as there was insufficient consensus for actionable points, leading to asymmetries. Revisions to EMU followed the various crises, for example the financial crisis and sovereign debt crisis, and most recently the COVID-19 crisis. Theories of European economic and political integration impacted the creation of EMU at the time of its design, but the pragmatic understanding of what was feasible was at least as important for determining what became part of the institutional design of EMU. Show less
This thesis examines how innovation is practiced, imagined, mobilized, and reinterpreted by China’s local developers and its subjects. The Chinese innovation movement is not the same as the ... Show moreThis thesis examines how innovation is practiced, imagined, mobilized, and reinterpreted by China’s local developers and its subjects. The Chinese innovation movement is not the same as the “disruptive innovation” of recent years mainly driven by digital technology in the European and North American contexts. The state plays a very salient role in innovation, investing in the social and economic system to provide a constant demand for innovation to unleash the dynamism of development.The aim of this thesis is to contribute to the understanding of the state’s role in socio-economic transformation and its governance model in innovation activities. This thesis discusses the state-market-society relationship not merely from an institutionalist perspective that focuses on the interplay between the state, the market, and society. I discovered that the state creates a range of government institutions to regulate and shape society. Further, in recent years the local state has been an important producer of the emergence of China’s new civil society that drives innovation and entrepreneurship as ways to enhance social mobility. Show less
On 7 February 1992, twelve states signed the Maastricht Treaty, the foundation treaty of the European Union. As the treaty enters its 30s, what has it achieved? And where do we go from here?... Show moreOn 7 February 1992, twelve states signed the Maastricht Treaty, the foundation treaty of the European Union. As the treaty enters its 30s, what has it achieved? And where do we go from here? Bruegel’s Maria Demertzis talks to Amy Verdun, Professor at the University of Victoria and visiting Professor at Leiden University, and Mathieu Segers, Professor in Contemporary European History at Maastricht University and Europe Chair at Studio Europa Maastricht, starting with their own personal recollection of 1992.This episode is recorded in collaboration with Studio Europa Maastricht. Studio Europa Maastricht is a centre of expertise for Europe-related debate and research founded in 2018 and supported by the partners of the Maastricht, Working on Europe programme: Maastricht University, the Province of Limburg and the City of Maastricht. Together we aim to position Maastricht, the capital of Limburg, as a meeting place for citizen dialogue and debate and establish a centre of excellence for research on Europe and European integration.Show less
When disaster strikes, urban planners often rely on feedback and guidance from committees of officials, residents, and interest groups when crafting reconstruction policy. Focusing on recovery... Show moreWhen disaster strikes, urban planners often rely on feedback and guidance from committees of officials, residents, and interest groups when crafting reconstruction policy. Focusing on recovery planning committees after Japan's 2011 earthquake, tsunami, and nuclear disasters, we compile and analyze a dataset on committee membership patterns across 39 committees with 657 members. Using descriptive statistics and social network analysis, we examine 1) how community representation through membership varied among committees, and 2) in what ways did committees share members, interlinking members from certain interests groups. This study finds that community representation varies considerably among committees, negatively related to the prevalence of experts, bureaucrats, and business interests. Committee membership overlap occurred heavily along geographic boundaries, bridged by engineers and government officials. Engineers and government bureaucrats also tend to be connected to more members of the committee network than community representatives, giving them prized positions to disseminate ideas about best practices in recovery. This study underscores the importance of diversity and community representation in disaster recovery planning to facilitate equal participation, information access, and policy implementation across communities. Show less
