United Against the United States? The EU's Role in Global Trade and Finance

C. Randall Henning, Sophie Meunier

Research output: Chapter in Book/Report/Conference proceedingChapter

4 Scopus citations

Abstract

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 memberstates hamper effectiveness.

Original languageEnglish (US)
Title of host publicationThe State of the European Union Vol. 7
Subtitle of host publicationWith US or Against US? European Trends in American Perspective
PublisherOxford University Press
ISBN (Electronic)9780191603297
ISBN (Print)9780199283958
DOIs
StatePublished - Feb 1 2006

All Science Journal Classification (ASJC) codes

  • General Social Sciences

Keywords

  • European Central Bank
  • European Commission
  • Finance
  • International Monetary Fund
  • Trade
  • World Trade Organization

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