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Global Europe: old mercantilist wine in new bottles?
journal contributionposted on 2023-06-07, 23:05 authored by Jim Rollo
This paper analyses the European Commission's communication Global Europe and attempts to demonstrate that the substance behind the shift in emphasis towards bilateral trade policy is an extension of existing EU bilateral trade policy; that the shift is not convincingly justified by the analysis in the EU Commission papers; that the shift might be best thought of as an attempt to re-energise corporate sector support for trade liberalisation in the face of the suspension of the Doha Development Agenda and a weakening of political support for trade liberalisation.
PublisherSwiss Institute for International Economics and Applied Economic Research
Department affiliated with
- Politics Publications
NotesA first examination of the political economy of the shift to bilateralist trade policy signalled by the EU Commission paper Global Europe. It takes the Commission analysis at its own estimation and shows that the arguments deployed carry little substantive weight and that the shift may be best explained by the traditional political economy strategy of engaging the export lobby as a supporter of trade liberalisation via a policy of aggressive opening of foreign markets.
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