Get European Union economic diplomacy : the role of the EU in PDF

By Stephen Woolcock

ISBN-10: 0754679306

ISBN-13: 9780754679301

ISBN-10: 0754679314

ISBN-13: 9780754679318

ISBN-10: 0754698351

ISBN-13: 9780754698357

The eu Union is a key participant in foreign monetary family members, yet its unique function and the way it is going approximately making judgements and negotiating is frequently poorly understood inside of and particularly outdoor the ecu. while does the european play a proactive function and whilst does it persist with? whilst is the ecu a special actor and while is it only one point in a multi- point strategy of negotiation within which the member states are the most actors? Does the ecu own normative strength in exterior fiscal kinfolk? Does the ecu have the aptitude and willingness to exploit its nonetheless major financial energy? ''European Union monetary Diplomacy'' presents the 1st accomplished research of the criteria that be sure the function of the european in financial international relations. In an up to date therapy that comes with attention of the influence of the Treaty of Lisbon, it incorporates a finished clarification of choice making and negotiating procedures within the center components of exchange, monetary industry law, environmental international relations and improvement co-operation. The publication is meant for these attracted to european coverage making, but in addition those that easily have to know the way the ecu capabilities within the box of monetary international relations

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Extra resources for European Union economic diplomacy : the role of the EU in external economic relations

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The internal consensus also enabled the EU to play a far more proactive role in multilateral trade negotiations in the Uruguay Round during the 1980s and 1990s. Agreement on key issues at the European level that were also being negotiated on at the international level also gave the EU normative power. Other examples of framework norms would be the consensus that has been achieved over the past couple of decades in environmental policy and in particular on the target of low carbon or ecological growth.

The same holds for financial regulation. Such sector interests will therefore be important in the political economy of EU economic diplomacy. As in the case of member state interests, the level of development of the acquis is important. Generally speaking the more heterogeneous sector interests are the A Framework of Analysis 27 more difficult it will be to agree on common EU preferences, but if there is a well developed acquis that establishes an agreed internal policy this will often provide the basis for the EU external policies.

It is also important to consider how the EU’s relative economic or market power is changing with changes in the balance of the international economy and the emergence of a more multi-polar system. A relative decline in the EU’s economic power will mean less leverage and thus influence for the EU in the future. It will also have implications for the nature of EU economic diplomacy, favouring perhaps, the use of more bilateral negotiations in which the EU can maximise its asymmetric leverage. , issue specific) coalition building in order to achieve a critical mass of support from the EU’s policy objectives.

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European Union economic diplomacy : the role of the EU in external economic relations by Stephen Woolcock


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