DOCSLIB.ORG

Breaking up Is Hard to Do

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Breaking up Is Hard to Do BREAKING UP IS HARD TO DO... BRITAIN and EUROPE’S dysfunctional relationship Edited by PATRICK MINFORD & J. R. SHACKLETON Breaking Up Is Hard To Do This publication is based on research that forms part of the Paragon Initiative. This five-year project will provide a fundamental reassessment of what government should – and should not – do. It will put every area of government activity under the microscope and analyse the failure of current policies. The project will put forward clear and considered solutions to the UK’s problems. It will also identify the areas of government activity that can be put back into the hands of individuals, families, civil society, local government, charities and markets. The Paragon Initiative will create a blueprint for a better, freer Britain – and provide a clear vision of a new relationship between the state and society. BREAKING UP IS HARD TO DO Britain and Europe’s Dysfunctional Relationship EDITED BY PATRICK MINFORD AND J. R. SHACKLETON with contributions from PHILIP BOOTH • MARTIN HOWE • PHILIPPE LEGRAIN DAVID MAYES • PATRICK MINFORD • KRISTIAN NIEMIETZ GWYTHIAN PRINS • SEAN RICKARD • MARTIN RICKETTS J. R. SHACKLETON • MATTHEW SINCLAIR CHRISTOPHER SNOWDON • RACHEL TINGLE ROLAND VAUBEL • RICHARD WELLINGS • GEOFFREY WOOD First published in Great Britain in 2016 by The Institute of Economic Affairs 2 Lord North Street Westminster London SW1P 3LB in association with London Publishing Partnership Ltd www.londonpublishingpartnership.co.uk The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Copyright © The Institute of Economic Affairs 2016 The moral rights of the authors have been asserted. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photo- copying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. ISBN 978-0-255-36723-3 (interactive PDF) Many IEA publications are translated into languages other than English or are reprinted. Permission to translate or to reprint should be sought from the Director General at the address above. Typeset in Kepler by T&T Productions Ltd www.tandtproductions.com CONTENTS The authors xi Foreword xviii Summary xxi List of tables and figures xxiv 1 Introduction 1 Patrick Minford and J. R. Shackleton Principles 4 Policies 8 Change has to come 19 References 22 2 Assigning responsibilities in a federal system 23 Martin Ricketts Introduction 23 Public goods and interjurisdictional spillovers 25 Competition between jurisdictions 30 The race to the bottom 33 Conclusion 36 References 39 3 Institutions for European cooperation 40 Roland Vaubel The renegotiation 40 Which institutions does European cooperation require? A summary 44 v COntents Cooperation – for what? 45 The institutions of a common market 47 Institutions for joint policies regarding external and scale economies 51 Institutions for redistribution among member countries 55 Conclusion 55 References 56 4 Beyond the ghosts: does EU membership nourish or consume Britain’s interests and global influence? 58 Gwythian Prins Economic measurements are insufficient to judge this question 58 How best to nourish British interests: two paradoxes 58 Why the EU and its fears are older than you think 60 The transforming consequences of the euro 65 The flaw in Europeanism 67 What the ghosts did 70 To the July crisis: the hollowing out of European politics 71 Gulliver and the balance of competences 74 Successful negotiation requires informed statesmanship 78 References 79 5 Transforming the UK’s relationship with the EU: the legal framework 82 Martin Howe How to transform our relationship with the EU 82 How UK withdrawal from the EU would work 83 Renegotiation from within 97 References 100 6 Freedom of movement 101 Philippe Legrain Why freedom of movement is the right policy 103 vi COntents Why EU membership offers the best of both worlds 113 References 115 7 Evaluating European trading arrangements 117 Patrick Minford What trade theory has to say about the EU customs union 117 The cost of EU protection 120 The CGE model 124 Considerations of ‘Brexit’ 132 What about a trade agreement with the EU? 133 Opposing views 135 Conclusions 139 References 140 8 UK employment regulation in or out of the EU 142 J. R. Shackleton Europe’s reach 142 European law and the labour market 145 Why intervention? 149 European political economy 153 Would repatriation of powers over the labour market make enough of a difference? 156 A minimum level of regulation? 160 References 161 9 Prospects for a reformed agricultural policy 164 Séan Rickard Introduction 164 A politically driven policy 165 An inefficient and ineffective policy 168 Prospects for radical reform of the CAP 172 Visualising a reformed UK agricultural policy outside the EU 175 End piece 180 References 180 vii COntents 10 Freedom for fisheries? 184 Rachel Tingle 1957–69: the conception and early development of the CFP 186 1970–82: the establishment of common Community waters 187 1983–92: the development of a fisheries management system 191 1993–2002: the introduction of vessel licensing and effort controls 195 2003–13: reform of the CFP 196 2014 onwards: last chance for the CFP? 201 Appendix: the UK system for apportioning national fishing quotas 204 References 207 11 Stuck in Brussels: should transport policy be determined at EU level? 209 Kristian Niemietz and Richard Wellings Introduction 209 The aims of EU transport policy 210 Key policy initiatives 211 Economic impact 212 Centralisation versus competition and discovery 220 Regulatory scale as market discovery process 222 Conclusion 226 References 227 12 Bank regulation: starting over 229 David Mayes and Geoffrey Wood Banks and bank failures 230 Liquidity and the lender of last resort 232 Loss of capital in the nineteenth century 236 Banking in the twenty-first century 238 Size and structure 240 Incentives 241 Cross-border 242 Capital 243 viii COntents Depositors 244 The EU response 246 Concluding remarks 249 References 252 13 Young, single, but not free – the EU market for financial services 253 Philip Booth Introduction 253 The regulation of insurance companies pre-1970 255 The EU, the single market and free trade 256 The beginning of the end of mutual recognition and deregulation 258 From common market to single market, harmonisation and centralisation 260 Single market or free market? 261 The costs and benefits of uniform EU regulation 263 Other areas of EU financial regulation 267 Conclusion 269 References 272 14 Better energy and climate policy 274 Matthew Sinclair The problem 276 The EU response 280 Targets for emissions reduction 281 Emissions trading 284 Renewable energy subsidies 286 Green taxes 287 An alternative 290 Resilience 292 Adaptation 292 Technology 294 Conclusions 295 References 297 ix COntents 15 EU lifestyle regulation 301 Christopher Snowdon Introduction 301 Competence and EU law 302 Ad hoc prohibitions 307 State-funded activists: pushing the envelope 311 Implications of a ‘Brexit’ 312 Conclusion 314 References 316 About the IEA 320 x THE AUTHORS Philip Booth Philip Booth is Editorial and Programme Director at the Insti- tute of Economic Affairs and Professor of Finance, Public Policy and Ethics at St. Mary’s University, Twickenham. He was for- merly Professor of Insurance and Risk Management at the Cass Business School, where he also served as Associate Dean. He has an undergraduate degree in economics from the University of Durham and a PhD in Finance. He is a Fellow of the Institute of Actuaries and of the Royal Statistical Society. Previously, Philip Booth worked for the Bank of England as an adviser on financial stability issues. He has written widely, including a number of books, on investment, finance, social insurance and pensions, as well as on the relationship between Catholic social teaching and economics. Martin Howe Martin Howe QC specialises in European Union law, particular- ly in the field of intellectual property and the free movement of goods and services between Member States. His practice regu- larly involves appearances at the European Court at Luxembourg. He has published extensively on EU legal and constitutional issues, including (jointly authored with Brian Hindley) the IEA publication Better Off Out? The Benefits or Costs of EU Membership (1996, revised 2001). xi The authOrs Philippe Legrain Philippe Legrain is a writer and thinker. A visiting senior fellow at the London School of Economics’ European Institute, column- ist for Project Syndicate, Foreign Policy and CapX, and independ- ent consultant, he was economic adviser to the President of the European Commission and head of the team providing President Barroso with strategic policy advice from 2011 to 2014. He has also been special adviser to World Trade Organisation Direc- tor-General Mike Moore and trade and economics correspond- ent for The Economist. Philippe is the author of four critically acclaimed books. They include Immigrants: Your Country Needs Them, which was shortlisted for the Financial Times Business Book of the Year 2007, and European Spring: Why Our Economies and Politics are in a Mess – And How to Put Them Right, which was one of the Financial Times’s Best Books of 2014. David Mayes David G. Mayes is Professor of Banking and Financial Institu- tions and Director of the New Zealand Governance Centre at the University of Auckland Business School. He is also Visiting Professor at the University of Buckingham. His main areas of re- search are the regulation and governance of the financial sector and financial firms, on which he has published widely. He has focused particularly on cross-border issues and on the process of closer integration, especially in Europe.
Load more

Recommended publications
  • FREE to MOVE the Costs and Consequences of Restrictions on Migration
    IEA Discussion Paper No.77 FREE TO MOVE The costs and consequences of restrictions on migration Philippe Legrain November 2016 Institute of Economic Aairs With some exceptions, such as with the publication of lectures, IEA Discussion Papers are blind peer-reviewed by at least one academic or researcher who is an expert in the field. As with all IEA publications, the views expressed in IEA Discussion Papers are those of the author and not those of the Institute (which has no corporate view), its managing trustees, Academic Advisory Council or senior staff. 3 Contents About the author 04 Summary 06 Introduction 08 Problems 10 Solutions 35 Pathways 44 References 49 4 About the author 5 Philippe Legrain is a senior visiting fellow at the London School of Economics’ European Institute and the founder of Open Political Economy Network (OPEN), an international think-tank focused on international political economy and openness issues. A columnist for Project Syndicate, Foreign Policy and CapX, he commentates for a wide range of international media outlets. From 2011–14 he was economic adviser to European Commission President José Manuel Barroso and head of the team providing the president with strategic policy advice. Previously, he was special adviser to World Trade Organisation Director-General Mike Moore and trade and economics correspondent for The Economist. Philippe is the author of four critically acclaimed books, including Immigrants: Your Country Needs Them (2007), which was shortlisted for the Financial Times Business Book of the Year award. His first study for OPEN is Refugees Work: A humanitarian investment that yields economic dividends (2016).
    [Show full text]
  • Political Discourse As Practical Reasoning: a Case Study of a British Prime Minister Candidate Speech
    Linguistics Beyond And Within 3 (2017), 74-86 Political discourse as practical reasoning: A case study of a British Prime Minister candidate speech Lucyna Harmon University of Rzeszów, Poland Abstract The paper outlines the method of political discourse analysis proposed by I. Fairclough & N. Fairclough (2012), who point to argumentative and deliberative nature of political discourse as practical reasoning that aims to decide a problem-solving action in a given situation. The novelty of this approach is explained through references to its established alternatives as focused on representation and power relations. The above mentioned method is applied to the British PM campaign candidacy speech by Andrea Leadsom to test how it works in the case of this type of political discourse which is different from the one originally examined. On this occasion, the meaning of the term ‘discourse’ is illustrated through the practical necessity of involving in the analyses the extra-linguistic and intertextual context. Keywords: discourse, politics, deliberation, argumentation, Fairclough 1. The Notion of Discourse It is not easy to determine the meaning of the term discourse in comparison to text , especially as there is a plethora of academic works with discourse in the title that actually offer analyses of selected texts. The decisive point is that the respective texts are then not being examined in isolation but always in context (both extra-linguistic and intertextual), as materialization and manifestation of a certain discourse. This, at least, can be derived from some relevant descriptions of discourse . I intentionally say ‘descriptions’, rather than ‘definitions’ since the attempts to explain the notion seem to capture some of its aspects, without being precise enough to pass for a definition.
    [Show full text]
  • Refugees Work: a Humanitarian Investment That Yields Economic Dividends
    REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS PHILIPPE LEGRAIN MAY 2016 1 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS ABOUT THE AUTHOR PHILIPPE LEGRAIN IS THE FOUNDER OF OPEN POLITICAL ECONOMY NETWORK (OPEN), A CAMPAIGNING INTERNATIONAL THINK-TANK (OR PLATFORM FOR PROGRESS) ON OPENNESS ISSUES. HE IS ALSO A SENIOR VISITING FELLOW AT THE LONDON SCHOOL OF ECONOMICS' EUROPEAN INSTITUTE AND A COLUMNIST FOR PROJECT SYNDICATE, FOREIGN POLICY AND CAPX. FROM 2011 TO 2014 HE WAS ECONOMIC ADVISER TO THE PRESIDENT OF THE EUROPEAN COMMISSION AND HEAD OF THE TEAM PROVIDING PRESIDENT BARROSO WITH STRATEGIC POLICY ADVICE. PHILIPPE IS THE AUTHOR OF FOUR CRITICALLY ACCLAIMED BOOKS, NOTABLY IMMIGRANTS: YOUR COUNTRY NEEDS THEM, WHICH WAS SHORTLISTED FOR THE 2007 FINANCIAL TIMES BUSINESS BOOK OF THE YEAR AWARD. RESEARCH ASSISTANCE WAS PROVIDED BY YANO MOUSSAVI. MICHAEL CLEMENS, JONATHAN PORTES, GIOVANNI PERI AND HOWARD DUNCAN KINDLY PROVIDED VERY HELPFUL COMMENTS, AS DID JOHN NORRIS. This report uses the exchange rates prevailing on 22 January TENT.ORG 2016, whereby 1 euro = 1.08 US dollars, 1 British pound = 1.43 US OPENNETWORK.NET dollars and 1 US dollar = 1.42 Canadian dollars, 1.42 Australian dollars, 8.57 Swedish krona and 6.90 Danish krone. COPYRIGHT ©2016 3 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS CONTENTS EXECUTIVE SUMMARY 7 INTRODUCTION 10 A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS 18 POLICY ANALYSIS AND RECOMMENDATIONS 42 CONCLUSION 57 APPENDIX 59 NOTES 60 1 theres a footnote up here somewhere 5 REFUGEESREFUGEES WORK: WORK: A HUMANITARIANA HUMANITARIAN INVESTMENT INVESTMENT THAT THAT YIELDS YIELDS ECONOMIC ECONOMIC DIVIDENDS DIVIDENDS 7 EXECUTIVE SUMMARY INVESTING ONE EURO IN investment links with Vietnam.
    [Show full text]
  • Britain's 2014 Justice Opt-Out Why It Bodes Ill for Cameron's EU Strategy
    January 2013 Britain’s 2014 justice opt-out Why it bodes ill for Cameron’s EU strategy By Hugo Brady Britain’s 2014 justice opt-out: Why it bodes ill for Cameron’s EU strategy By Hugo Brady Britain has informed the rest of the EU that it is likely to pull out of most European crime and policing co-operation by 2014. This ‘block opt-out’ from EU criminal justice policy is allowed for under the Lisbon treaty. UK policy-makers want to remain part of specific elements of EU police and justice co-operation that are important for Britain’s security while disregarding the rest. However, the European Commission and other member-states may not co-operate in this ‘cherry-picking’ exercise. Eurosceptics argue that the price for Britain of opting out from most EU criminal justice policy would be negligible. But they have made critical errors of analysis. These cast into doubt not only the move itself but the overall Conservative strategy to repatriate powers from Brussels to Westminster. Britain’s Home Secretary, Theresa May, dismayed her EU counterparts in October 2012 when she announced that the UK is “minded” to leave most forms of European police and justice co- operation. The Lisbon treaty states that in 2014 the UK must accept the authority of the European Court of Justice (ECJ) over 130 existing agreements covering EU police and judicial co-operation – or opt out of all of them. Although the British government will take the final decision, members of parliament will also get a say on the matter in 2013 as it has important implications for the country’s wider relationship with the EU.
    [Show full text]
  • Executive Summary 08 Introduction 12
    Open Up How to fix the flaws in the EU’s Digital Single Market By Hosuk Lee-Makiyama and Philippe Legrain Open Political Economy Network (OPEN) January 2017 OPEN UP | HOWJANUARY TO FIX 2017 THE FLAWS IN THE EU'S DIGITAL SINGLE MARKET 3 Hosuk Lee-Makiyama | @leemakiyama Philippe Legrain | @plegrain is the co-founder of OPEN. He is a leading European is the founder of OPEN. A critically acclaimed analyst of digitalisation who has been researching thinker and writer, he is a senior visiting fellow at digital trade and the information-technology the London School of Economics’ European Institute sector for over a decade and whose work has and a commentator for Project Syndicate and other been published by top academic institutions and international media outlets. He was previously international organisations. He is also co-director economic adviser to the President of the European of the European Centre for International Political Commission and head of the team providing José Economy (ECIPE). Previously, he represented Manuel Barroso with strategic policy advice; special Sweden in various international organisations, adviser to World Trade Organisation director- including the United Nations, the World Trade general Mike Moore; and trade and economics Organisation and the European Union. correspondent for The Economist. His latest book, European Spring: Why Our Economies and Politics are in a Mess – and How to Put Them Right, was among the Financial Times’ Best Books of 2014. The authors acknowledge the assistance of Edward Percarpio (background research) and Eoghan Gannon (copy editing). Report design by Data Design, a product of AudienceNet. OPEN UP | HOW TO FIX THE FLAWS IN THE EU'S DIGITAL SINGLE MARKET 5 Open Political Economy Network | @open2progress is a non-profit and non-partisan platform for progress that produces innovative, independent and accessible policy and political research, analysis and campaigns on openness issues.
    [Show full text]
  • List of Ministers' Interests
    LIST OF MINISTERS’ INTERESTS CABINET OFFICE DECEMBER 2017 CONTENTS Introduction 3 Prime Minister 5 Attorney General’s Office 6 Department for Business, Energy & Industrial Strategy 7 Cabinet Office 11 Department for Communities and Local Government 10 Department for Culture, Media and Sport 11 Ministry of Defence 13 Department for Education 14 Department of Exiting the European Union 16 Department for Environment, Food and Rural Affairs 17 Foreign and Commonwealth Office 19 Department of Health 21 Home Office 22 Department for International Development 23 Department for International Trade 24 Ministry of Justice 25 Northern Ireland Office 26 Office of the Advocate General for Scotland 27 Office of the Leader of the House of Commons 28 Office of the Leader of the House of Lords 29 Scotland Office 30 Department for Transport 31 HM Treasury 33 Wales Office 34 Department for Work and Pensions 35 Government Whips – Commons 36 Government Whips – Lords 40 2 INTRODUCTION Ministerial Code Under the terms of the Ministerial Code, Ministers must ensure that no conflict arises, or could reasonably be perceived to arise, between their Ministerial position and their private interests, financial or otherwise. On appointment to each new office, Ministers must provide their Permanent Secretary with a list, in writing, of all relevant interests known to them, which might be thought to give rise to a conflict. Individual declarations, and a note of any action taken in respect of individual interests, are then passed to the Cabinet Office Propriety and Ethics team and the Independent Adviser on Ministers’ Interests to confirm they are content with the action taken or to provide further advice as appropriate.
    [Show full text]
  • Is Free Migration Compatible with a European-Style Welfare State?
    Is free migration compatible with a European-style welfare state? Philippe Legrain, Visiting Fellow, European Institute, London School of Economics Expert report nr. 11 to Sweden’s Globalisation Council 00212.36_Inlaga_080408b.indd212.36_Inlaga_080408b.indd 1 008-04-088-04-08 117.03.597.03.59 EXPERT REPORT NUMBER 11 TO SWEDEN’S GLOBALISATION COUNCIL © THE GLOBALISATION COUNCIL 2008 AUTHOR Philippe Legrain GRAPHIC DESIGN Nina Rosenkvist PRINT Edita, Västerås 2008 ISBN 978-91-85935-05-5 ISSN 1654-6245 ORDER The Globalisation Council PHONE 0046 8 405 10 00 E-MAIL [email protected] www.sweden.gov.se/globalisation 00212.36_Inlaga_080408b.indd212.36_Inlaga_080408b.indd 2 008-04-088-04-08 117.03.597.03.59 Preface Free immigration is widely believed to be incompatible with a welfare state, on the left as well as on the right. This report examines in greater depth the possibility that rich countries act as “welfare magnets” for people from poorer countries. More careful consideration reveals that this view is too simp- listic. Looking narrowly at the impact of free migration on pu- blic finances ignores its broader economic benefits. These are potentially huge, and would make it easier to pay for the wel- fare state. Migration should be seen as an opportunity, not a threat. It is a matter of human rights and humanitarianism as well as self-interest. The 11th report to the Globalisation Council treats the question on how to combine free immigration and a developed social insurance system in a welfare state. The Swedish government already allows free migration from the EU.
    [Show full text]
  • List of Ministers' Interests
    LIST OF MINISTERS’ INTERESTS CABINET OFFICE DECEMBER 2015 CONTENTS Introduction 1 Prime Minister 3 Attorney General’s Office 5 Department for Business, Innovation and Skills 6 Cabinet Office 8 Department for Communities and Local Government 10 Department for Culture, Media and Sport 12 Ministry of Defence 14 Department for Education 16 Department of Energy and Climate Change 18 Department for Environment, Food and Rural Affairs 19 Foreign and Commonwealth Office 20 Department of Health 22 Home Office 24 Department for International Development 26 Ministry of Justice 27 Northern Ireland Office 30 Office of the Advocate General for Scotland 31 Office of the Leader of the House of Commons 32 Office of the Leader of the House of Lords 33 Scotland Office 34 Department for Transport 35 HM Treasury 37 Wales Office 39 Department for Work and Pensions 40 Government Whips – Commons 42 Government Whips – Lords 46 INTRODUCTION Ministerial Code Under the terms of the Ministerial Code, Ministers must ensure that no conflict arises, or could reasonably be perceived to arise, between their Ministerial position and their private interests, financial or otherwise. On appointment to each new office, Ministers must provide their Permanent Secretary with a list in writing of all relevant interests known to them which might be thought to give rise to a conflict. Individual declarations, and a note of any action taken in respect of individual interests, are then passed to the Cabinet Office Propriety and Ethics team and the Independent Adviser on Ministers’ Interests to confirm they are content with the action taken or to provide further advice as appropriate.
    [Show full text]
  • The UK's 2014 Opt-Out Decision
    HOUSE OF LORDS European Union Committee 13th Report of Session 2012–13 EU police and criminal justice measures: The UK’s 2014 opt-out decision HL Paper 159 HOUSE OF LORDS European Union Committee 13th Report of Session 2012–13 EU police and criminal justice measures: The UK’s 2014 opt-out decision Ordered to be printed 16 April 2013 and published 23 April 2013 Published by the Authority of the House of Lords London : The Stationery Office Limited £17.50 HL Paper 159 The European Union Committee The Committee considers EU documents in advance of decisions being taken on them in Brussels, in order to influence the Government’s position and to hold them to account. The Government are required to deposit EU documents in Parliament, and to produce within two weeks an Explanatory Memorandum setting out the implications for the UK. The Committee examines these documents, and ‘holds under scrutiny’ any about which it has concerns, entering into correspondence with the relevant Minister until satisfied. Letters must be answered within two weeks. Under the ‘scrutiny reserve resolution’, the Government may not agree in the EU Council of Ministers to any proposal still held under scrutiny; reasons must be given for any breach. The Committee also conducts inquiries and makes reports. The Government are required to respond in writing to a report’s recommendations within two months of publication. If the report is for debate, then there is a debate in the House of Lords, which a Minister attends and responds to. The Committee has six Sub-Committees,
    [Show full text]
  • Refugees Work
    REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS PHILIPPE LEGRAIN MAY 2016 1 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS ABOUT THE AUTHOR PHILIPPE LEGRAIN IS THE FOUNDER OF OPEN POLITICAL ECONOMY NETWORK (OPEN), A CAMPAIGNING INTERNATIONAL THINK-TANK (OR PLATFORM FOR PROGRESS) ON OPENNESS ISSUES. HE IS ALSO A SENIOR VISITING FELLOW AT THE LONDON SCHOOL OF ECONOMICS' EUROPEAN INSTITUTE AND A COLUMNIST FOR PROJECT SYNDICATE, FOREIGN POLICY AND CAPX. FROM 2011 TO 2014 HE WAS ECONOMIC ADVISER TO THE PRESIDENT OF THE EUROPEAN COMMISSION AND HEAD OF THE TEAM PROVIDING PRESIDENT BARROSO WITH STRATEGIC POLICY ADVICE. PHILIPPE IS THE AUTHOR OF FOUR CRITICALLY ACCLAIMED BOOKS, NOTABLY IMMIGRANTS: YOUR COUNTRY NEEDS THEM, WHICH WAS SHORTLISTED FOR THE 2007 FINANCIAL TIMES BUSINESS BOOK OF THE YEAR AWARD. RESEARCH ASSISTANCE WAS PROVIDED BY YANO MOUSSAVI. MICHAEL CLEMENS, JONATHAN PORTES, GIOVANNI PERI AND HOWARD DUNCAN KINDLY PROVIDED VERY HELPFUL COMMENTS, AS DID JOHN NORRIS. This report uses the exchange rates prevailing on 22 January TENT.ORG 2016, whereby 1 euro = 1.08 US dollars, 1 British pound = 1.43 US OPENNETWORK.NET dollars and 1 US dollar = 1.42 Canadian dollars, 1.42 Australian dollars, 8.57 Swedish krona and 6.90 Danish krone. COPYRIGHT ©2016 3 REFUGEES WORK: A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS CONTENTS EXECUTIVE SUMMARY 7 INTRODUCTION 10 A HUMANITARIAN INVESTMENT THAT YIELDS ECONOMIC DIVIDENDS 18 POLICY ANALYSIS AND RECOMMENDATIONS 42 CONCLUSION 57 APPENDIX 59 NOTES 60 1 theres a footnote up here somewhere 5 REFUGEESREFUGEES WORK: WORK: A HUMANITARIANA HUMANITARIAN INVESTMENT INVESTMENT THAT THAT YIELDS YIELDS ECONOMIC ECONOMIC DIVIDENDS DIVIDENDS 7 EXECUTIVE SUMMARY INVESTING ONE EURO IN investment links with Vietnam.
    [Show full text]
  • The Truth About Globalisation
    'One of those rare books that grabs the conventional wisdom and turns it on its head ... anyone who cares about our world and its future should read it' Jonathan Freedland THE TRUTH ABOUT GLOBALISATION r Philippe Legrain was previously special adviser to the director- general of the World Trade Organisation, Mike Moore. Before that, he was trade and economics correspondent for The Economist. He has also written for the Financial Times, the Wall Street Journal Europe, the Guardian, the Independent, Prospect, Foreign Policy, New Statesman, the Ecologist and other publications. He has a first-class honours degree in economics and a masters in politics of the world economy, both from the London School of Economics. Philippe is 28 and lives in London. www.philippelegrain.com OPEN WORLD: The Truth About Globalisation Philippe Legrain DANALIS DISTRIBUTORS SDN. BKD. (186734-A) No.25,JalanNilam1/9 Subang Hi-Tech Industrial Park 40000 Shah Alam, Selangor Darul Ehsan Tel: 603 5635 5584, 603 5638 0149 Fax: 603 5635 5586 ABACUS An Abacus original First published in Great Britain by Abacus in 2002 Copyright © 2002 by Philippe Legrain The moral right of Philippe Legrain to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. Some of the material in this book, in chapter seven in particular, draws on articles the author wrote for The Economist and is reproduced with kind permission. The extract on pp. 123-4 is reprinted by permission of HarperCollins Publishers Ltd © Naomi Klein 2000 The extract on pp.
    [Show full text]
  • PHILIPPE LEGRAIN Former Economist Correspondent and Advisor to the President of the European Commission
    PHILIPPE LEGRAIN Former Economist correspondent and advisor to the president of the European Commission Philippe Legrain is a critically acclaimed thinker with high-level international policy experience. A senior visiting fellow at the London School of Economics’ European Institute, he is also the founder of Open Political Economy Network (OPEN), a think-tank that focuses on international political economy, and a columnist for Project Syndicate and other international media outlets. From 2011 to 2014, Legrain was principal adviser and head of the analysis team at the Bureau of European Policy Advisers to the President of the European Topics Commission, José Manuel Barroso. As such, he provided President Barroso with independent economic advice and led the team which provides him with strategic Economics policy advice. Finance Legrain has also been special adviser to World Trade Organisation director-general Government Mike Moore, trade and economics correspondent for The Economist, and chief Politics economist and director of policy for the pro-European pressure group, Britain in Europe. Legrain has written four books – Open World: The Truth about Globalisation (2002), Immigrants: Your Country Needs Them (2007), Aftershock: Reshaping the World Economy After the Crisis (2010) and European Spring: Why Our Economies and Politics are in a Mess – and How to Put Them Right (2014). Immigrants was shortlisted for the 2007 Financial Times Business Book of the Year award; European Spring was selected by Martin Wolf as among the FT’s Best Books of 2014. [email protected] +603 2301 0988.
    [Show full text]