The Rational Evolution Process And Britain's Not Joining The Euro Zone

Since the establishment of the Coal and Steel Community,the European integration process has experienced 60-old-year of development and evolution and secured eye-catching achievements.The euro zone is the most integrated and the most developed and widely-spread regional monetary cooperation all over the world.With the deepening economic integration regional monetary cooperation,it stands to reason that the euro zone,as the most successful case of monetary integration,receive overwhelming attention and become the research object of numerous scholars.The United Kingdom,as one of the most important countries in Europe but not one of the founding countries of the European Community,is strongly against the founding of such an organization right from the outset.What is more unacceptable to it is to become a member of the euro zone,to which requires transference of monetary and fiscal powers upon the entry.In accordance with the rational evolution,the euro zone is a typical representative of the constructive rationalism.However,as a traditional power,the UK did not join it.In this way,does it mean that its not joining fails to conform to the rational evolution? Since this theory has already found its application into the research of European integration,but no one ever studied the euro zone and the relationship between the euro zone and the UK from this perspective.Within the framework of rational evolution theory,this thesis paper is to analyze the establishment of the Euro zone and whether its not joining accords with this theory mainly by means of literature research,historical analysis,case studies and multidisciplinary method.The main research of the thesis comprises the following four parts.The First Part is intended to employ relevant data to make economic calculation and the euro zone nationalism regression in order to analyze whether the establishment of euro zone conforms to the rational evolution,including such standards as the establishment of model,the openness of the economy,labor migration and economic structural similarity,etc.and the new converged nationalism.In the Second Part,the relationship between the euro area and the United Kingdom is mainly described,consisting of the process of the establishment of the euro zone andBritish attitude and policy towards it.The process of rational evolution in Britain's decision not to join the euro zone mainly by economic calculation,such as,the loss of monetary policy and fiscal policy after its entry to the euro zone,is studied in the Third Part which more specifically includes an assessment of Brown's Five Criterion for Testing,the cost analysis of its entry to the euro zone and such deep-seated factors out of the consideration of material benefits as Britain's culture,historic tradition,as well as its fundamental attitude towards the EU's development.The Fourth Part is devoted to an analysis of the influence of Britain's not joining on itself and on the euro zone as well.Finally,the theoretical and practical rational analysis prompts the author to conclude that rational evolution is accompanied by and promotes the process of European integration.Its not joining in the euro zone has its own rational selection criteria.As a comprehensive study of rational evolution and the euro zone,this master thesis is innovative,to some degree,due to relatively few domestic and foreign research data on the relevant aspects.Meanwhile,it could provide new way of thinking to the European integration study and shed some light on the predicament the European Union is now situated in.