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

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

by Steven McGuire, Michael Smith
     
 

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ISBN-10: 0333968514

ISBN-13: 9780333968512

Pub. Date: 06/24/2008

Publisher: Palgrave Macmillan

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

Overview

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

Product Details

ISBN-13:
9780333968512
Publisher:
Palgrave Macmillan
Publication date:
06/24/2008
Series:
European Union (Hardcover Adult) Ser.
Pages:
256
Product dimensions:
5.60(w) x 8.60(h) x 1.00(d)

Table of Contents


List of Tables, Figures and Boxes     viii
List of Abbreviations     x
Acknowledgements     xii
Introduction     1
European Integration, Transatlantic Relations and the United States since 1945     6
Foundations: 1945-58     7
Partnership and Rivalry: 1958-1971     13
Change: 1971-85     18
From change to transformation: 1985 onwards     26
Overview and conclusion     34
Analysing the 'Euro-American System'     36
Components of the 'Euro-American System'     38
Processes, institutions and policies     48
Four Images of the 'Euro-American System'     61
Overview and conclusion     65
Trade     67
European Union trade policymaking and trends     72
The changing nature of American trade policy     77
The Brussels-Washington axis     82
Losing control - the move to a multipolar WTO     87
The EU, the US and disputes in the WTO     91
Overview and conclusion     94
Money and the Macroeconomy     96
The evolving role of the Euro     98
The US economy: living on borrowed money?     106
Managing the globaleconomy     110
Overview and conclusion     117
Investment and Competition policy     119
Evolution of EU competition policy     125
Evolution of US antitrust law     130
Coordination and conflict     132
Applying Euro-American policies to the world     138
Overview and conclusion     144
Innovation     147
European innovation policy     150
The direction of European R&D     155
American innovation policies     158
The US search for competitiveness     163
From transatlantic to global innovation space?     167
Overview and conclusion     170
Regionalism and Interregionalism     172
The European Union as a regional power     176
The European Union and the new regionalism     178
The US as a regional power     184
George W. Bush and the new regionalism     187
Competition and convergence in a regionalized world     192
Overview and conclusion     198
The New Europe     200
The EC, the US and cold-war Europe     201
The EC/EU and the 'new Europe'     202
The US and the 'new Europe'      208
The EU, the US and European order: competition or convergence?     211
Overview and conclusion     225
World Order     226
The European Union and world order     229
The United States and world order     237
The EU, the US and world order: power and security     243
The EU, the US and world order: global governance     253
Overview and conclusion     259
The 'Euro-American System' and Beyond     261
Competition and convergence     265
New challenges and opportunities     268
Moving forward     278
Overview and conclusion: what kind of 'Euro-American system'?     280
Bibliography     282
Index     308

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