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The Diminishing Returns to Trade Policy in the European Union

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  • STEVEN M. MCGUIRE
  • JOHAN P. LINDEQUE

Abstract

The notion that the EU is a trade power is central to studies of the Union's international presence. Credible threats to withhold access to Europe's markets are said to provide the Union with leverage in respect of other trade partners. This article queries the continuing ability of the European Union to act effectively this way. The current Doha malaise is a symptom of deeper changes in the international trade system. As emerging markets become more affluent and participate in foreign direct investment, their interest in market access per se become less important relative to other areas of regulation.

Suggested Citation

  • Steven M. Mcguire & Johan P. Lindeque, 2010. "The Diminishing Returns to Trade Policy in the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 48(5), pages 1329-1349, November.
    • Handle: RePEc:bla:jcmkts:v:48:y:2010:i:5:p:1329-1349
    DOI: 10.1111/j.1468-5965.2010.02115.x
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    References listed on IDEAS

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    1. Alasdair R. Young, 2007. "Trade Politics Ain't What It Used to Be: The European Union in the Doha Round," Journal of Common Market Studies, Wiley Blackwell, vol. 45, pages 789-811, November.
    2. Henrik Horn & Petros C. Mavroidis & André Sapir, 2010. "Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements," The World Economy, Wiley Blackwell, vol. 33(11), pages 1565-1588, November.
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    5. Sophie Meunier, 2007. "Managing Globalization? The EU in International Trade Negotiations," Journal of Common Market Studies, Wiley Blackwell, vol. 45, pages 905-926, November.
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    7. Sophie Meunier, 2007. "Managing Globalization? The EU in International Trade Negotiations," Journal of Common Market Studies, Wiley Blackwell, vol. 45(4), pages 905-926, November.
    8. Johan Lindeque & Steven McGuire, 2007. "The United States and trade disputes in the World Trade Organization: Hegemony constrained or confirmed?," Management International Review, Springer, vol. 47(5), pages 725-744, September.
    9. Mahrukh Doctor, 2007. "Why Bother With Inter-Regionalism? Negotiations for a European Union-Mercosur Agreement," Journal of Common Market Studies, Wiley Blackwell, vol. 45, pages 281-314, June.
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    Cited by:

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    2. Wilfredo Robayo Galvis, 2018. "La defensa internacional de los intereses del estado en América Latina. Temas de derecho internacional público n.° 1," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1076, October.

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