European Union and the United States: Competition and Convergence in the Global Arena / Edition 1

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Territorially, culturally, economically and militarily the European Union and the United States of America are dominant actors on the world stage. Their relationship is of central significance in all aspects of global politics and the global economy. Drawing on the latest research, Steven McGuire and Michael Smith assess how the relationship developed, how it is sustained and how it is expressed in a range of key policy areas.

Structuring their examination of each policy area around the theme of competition and convergence the authors argue that the European Union and the United States are bound together in a form of competitive convergence, the influence of which can be seen and felt around the world. Having found a large measure of agreement on economic and political questions in the cold war era, the relationship has come under fresh strain in recent times as both attempt to carve out particular roles in the global arena, respond to new security questions and business innovation, and come under fresh challenge from rising powers such as China and India.

Despite ongoing tension and occasional open conflict within the 'Euro-American system', the economic and institutional integration and continuing political dialogue that characterize the system will not allow for an easy 'divorce' or a pattern of 'separate development'. The European Union and the United States are well under each other's skin and this, the authors argue, will continue to be a source of both competition and convergence in a changing world order.

About the Author:
Steven McGuire is Senior Lecturer in International Business, University of Bath, UK

About the Author:
Michael Smithis Professor of European Politics and Jean Monnet Chair, Loughborough University, UK

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Product Details

  • ISBN-13: 9780333968512
  • Publisher: Palgrave Macmillan
  • Publication date: 6/24/2008
  • Series: European Union (Hardcover Adult) Ser.
  • Edition number: 1
  • Pages: 256
  • Product dimensions: 5.60 (w) x 8.60 (h) x 1.00 (d)

Meet the Author

STEVEN MCGUIRE is Senior Lecturer in International Business, University of Bath. MICHAEL SMITH is Professor of European Politics and Jean Monnet Chair, Loughborough University.

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Table of Contents

1 European integration, transatlantic relations and the United States since 1945 6

2 Analysing the 'Euro-American system' 36

3 Trade 67

4 Money and the macroeconomy 96

5 Investment and competition policy 119

6 Innovation 147

7 Regionalism and interregionalism 172

8 The new Europe 200

9 World order 226

10 The 'Euro-American system' and beyond 261

Bibliography 282

Index 308

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