Europa in Vielfalt einigen
The ongoing crisis in the euro zone raises the question of whether the previously chosen path of European integration is likely to spur internal and external competitiveness and capability of action. In economic terms, it is about a strategy that does justice to the uniqueness of the European Economic Area. Its special feature is that Europe – in contrast to North America - has historically developed diverse economic cultures whose qualities match the requirements of distinct markets and whose set of institutions are functional. An adequate European economic policy has to acknowledge these cultures and develop strategies to improve their individual effectiveness, i.e. comparative institutional advantage. This productive governance (Ordnungspolitik of the visible hand) is in stark contrast to a policy of harmonization that emanates from the idea of uniform market conditions. What does the EU need are rules and strategies that create unity in diversity, realizing its official motto: united in diversity.
Nationalstaat und Europäische Union. Eine Bestandsaufnahme (Liber Amicorum für Joachim Jens Hesse), hrsg. v. Anthony B. Atkinson, Peter M. Huber, Harold James, Fritz W. Scharpf, Baden-Baden 2016, S. 275-294