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Telò, Mario --- "Governance and government in the European Union: The open method of coordination" [2002] ELECD 77; in Rodrigues, João Maria (ed), "The New Knowledge Economy in Europe" (Edward Elgar Publishing, 2002)

Book Title: The New Knowledge Economy in Europe

Editor(s): Rodrigues, João Maria

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781840647198

Section: Chapter 8

Section Title: Governance and government in the European Union: The open method of coordination

Author(s): Telò, Mario

Number of pages: 31

Extract:

8. Governance and government in the
European Union: The open method
of coordination
Mario Telò


1. THE GLOBALISED WORLD, NEW REGIONALISM
AND THE EU BETWEEN CONVERGENCE AND
DIVERGENCE
Despite growing interdependence and enhanced pressures towards a
common pattern, it is not entirely possible to eliminate socioeconomic
divergence and capitalist diversity within the EU. Not only do they have
deep historic, cultural, social and economic roots, but, more importantly,
it has become clear for international literature that even though the global-
isation and integration process pushes for a greater convergence, it goes
paradoxically together with a deepening of `localisation', that is a deepen-
ing of regional and national differences.1 James Rosenau has rightly pro-
posed the concept or neologism of `fragmigration' to grasp this mixture of
integration and fragmentation at the level of the global system.2 This new
reality is bound to have consequences on the elaboration of international
governance norms and on their chances of being consistently implemented.
The international coordination of policies, especially at the Trilateral
Commission level, was a tentative response at the end of the long period of
US-centered hegemonic stability, which emerged after the Second World
War, during the decades of embedded capitalism. Its success, mitigated
during the 1980s, proved to be increasingly insignificant over the last decade
of the century; this implies a risk of exacerbating discord economic global-
isation, and also social competition among national and sub-national
systems (but with a rush to the bottom3) and instability, both at the ...