Open Workshop by Bruno Dallago: The strange fate of Brexit, Grexit and the Eurozone
The aim of the Open Workshop Series in Business and Management Studies is to promote top-quality academic and applied research in various fields of the social sciences. This is a unique opportunity for sharing knowledge and networking with local and international community members.
15:00 - 17:00 Friday 15/12/2017SSE Riga, Strelnieku 4a, Room 507
Speaker: Bruno Dallago, Professor of Economics at the Department of Economics and Management, University of Trento, Italy
The presentation deals with an anomaly in the European Union’s recent evolution. Two years ago, Great Britain’s exit from the EU seemed improbable, while Greece’s departure appeared imminent. The outcome was just the reverse. I explain the paradox, and examine its ramifications. The principal finding is that Brexit is more logical in view of the significant institutional differences between the European construction and Great Britain. Brexit may also be apt to be less disruptive than initially supposed if the EU responds constructively filling gaps in its institutional setup that reduce the system’s vulnerability to asymmetric shocks. Greece’s decision to remain is enhancing prospects for Eurozone reform.
Bruno Dallago, PhD, is Professor of Economics at the Department of Economics and Management, University of Trento, Italy. He was visiting professor at various universities, including the University of California at Berkeley, USA, the University of North Carolina at Chapel Hill, Hitotsubashi University, Zhejian University, Kyoto University, the University of Pécs, Tshwane University of Technology. He is a member of the International Advisory Board of the Institute of Economics of the Hungarian Academy of Sciences and of the Corvinus University of Budapest. His research interests include the European Union, comparative economics, the transforming economies of Central and East Europe, SMEs and entrepreneurship, local development. He is the author and editor of several scholarly books and journal articles, including One Currency, Two Europe (World Scientific, 2016), Transformation and Crisis in Central and Eastern Europe: Challenges and Prospects (with Steven Rosefielde, Routledge, 2016) and A Global Perspective on the European Economic Crisis (with Gert Guri and John McGowan, eds., Routledge, 2016).