Crisis, Revised Economic Theory and Open Society: Euregio or Convergence?

  • Abstract:

    Crisis, or better, economic development, since the seventies of the last century can be seen as a long building cycle. A wave soon leading to an economic Tsunami. Continuously increasing frequency and amplitude has long lead to observations and conclusions adding vital elements to economic theory, which still await reception, acceptance and implementation in practice of businesses and administrations. The Administration of the European Union appears to follow assumptions and possibly even hidden agendas paralysing economic development and stability and neither serving Europe as a whole nor any individual country or region, and, less, the world. Among the valid concepts of European Integration is the “Euregio” Programme. Its realisation, however, remains far behind its valid positive potentials. Besides probable lacks of understanding its potentials, and how to turn these into lasting realities, the concept of “convergence“ appears to sabotage all healthy development and Europe as a whole. In addition, numerous other ill developments in the last quarter of a century halting Europe, have added to “Euroscepticism” serving foreign interests, but no one in Europe. Based on insight relating contradicting economic theories to context strongly linked to culture and the treatment of qualitative distinction and diversity in society and politics, this paper sheds a light on counterproductive paradigms as well as on proven practice of a sustainable turnaround of the Basque Country as example for other regions and their societies.