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Summary

The introductory chapter lays out the theoretical framework, the puzzles, and the research questions motivating this book. Which economic ideas explain the design of the European Union’s economic policy? What explains the main cleavages underpinning its reforms? What explains the outcome, timing, and direction of these reforms? What explains the adoption of its implementation instruments, the so-called country-specific recommendations? Why does compliance vary? What explains the use of the corrective procedure and is it effective? The chapter provides an overview of how the economy, national politics, and supranational politics shape the entire policy cycle, from the definition of the policy problem to the design of the policy and its implementation. To help readers familiarize themselves with policy technicalities, the chapter concludes by briefly summarizing the primary and secondary laws regulating the policy.

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1 - Governing the European Economy as Balancing Pressures

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1 - Governing the European Economy as Balancing Pressures

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