Chapter

United Against the United States? The EU's Role in Global Trade and Finance <sup>*</sup>

C. Randall Henning and Sophie Meunier

in The State of the European Union Vol. 7

Published in print August 2005 | ISBN: 9780199283958
Published online February 2006 | e-ISBN: 9780191603297 | DOI: http://dx.doi.org/10.1093/0199283958.003.0004
United Against the United States? The EU's Role in Global Trade and Finance  *

Show Summary Details

Preview

In economic relations, the EU has the capacity to exercise a global role on par with the United States. Yet the EU is not always able to effectively defend its interests. While the EU has firmly established its role as a global player in trade, it has faced difficulties in acquiring such a role in money and finance. Institutional legacies best explain this uneven progress. EU trade policy-making is centralized, whereas centralization is incomplete in the area of money and finance. Power struggles among the various EU bodies and member-states hamper effectiveness.

Keywords: trade; finance; European Commission; European Central Bank; World Trade Organization; International Monetary Fund

Chapter.  10818 words. 

Subjects: European Union

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.