The European Union's policy towards Mercosur


Book Description

This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. This book provides a distinctive and empirically rich account of the European Union’s relationship with the Common Market of the South (Mercosur). It seeks to examine the motivations that determine the EU’s policy towards Mercosur; the most important relationship the EU has with another regional economic integration organization. In order to investigate these motivations (or lack thereof), this study examines the contribution of the main policy- and decision-makers, the European Commission and the Council of Ministers, as well as the different contributions of the two institutions. It analyses the development of EU policy towards Mercosur in relation to three key stages. Arana argues that the dominant explanations in the literature fail to adequately explain the EU’s policy, in particular, these accounts tend to infer the EU’s motives from its activity. Rather than the EU pursuing a strategy, as implied by most of the existing literature, the EU was largely responsive, which explains why the relationship is much less developed than the EU’s relations with other parts of the world.







Quantitative Assessment of a Free Trade Agreement Between MERCOSUR and the European Union


Book Description

This paper assesses the possible effects of a free trade agreement (FTA) between MERCOSUR - a regional trade agreement between Brazil, Argentina, Paraguay and Uruguay - and the EU. The study takes into consideration the most important recent FTAs signed among the Latin American countries, as well as the latest European Union enlargements. Section I of the publication describes the trade relations between MERCOSUR and the EU putting focus on the reasons for negotiating and the recent trade relations between them. Section II describes the model, the country and the product aggregations and the simulation scenarios. Section III details the main results. Section IV concludes the study and brings in some insight about the key outcomes and recommendations.




Equilibrium Exchange Rates


Book Description

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? What are the determinants and dynamics of equilibrium real exchange rates? How can misalignments be measured, and what are their causes? What are the effects of specific policies upon the equilibrium exchange rate? The answers to these questions are important to academic theorists, policymakers, international bankers and investment fund managers. This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach. This volume is essentially empirical: what do we know about exchange rates? The different econometric and theoretical approaches taken by the various authors in this volume lead to mutually consistent conclusions. This consistency gives us confidence that significant progress has been made in understanding what are the fundamental determinants of exchange rates and what are the forces operating to bring them back in line with the fundamentals.




MERCOSUR and the European Union


Book Description

The book draws comparison between MERCOSUR and the European Union to explain variation of regionalism and to expose its limits. The project is based on the idea that contemporary examples of regionalism should be evaluated against several propositions of multiple integration theories rather than against a single theory. In order to systematically explain why and how integration outcomes in MERCOSUR differ from those in the EU, the author develops an analytical framework for the comparison of the two blocs. MERCOSUR is compared with the EU by the use of the various criteria of economic interdependence, economic convergence, intra-bloc size and interest asymmetries, cultural diversity and geostrategic motivations, which are identified as the salient parameters of integration theories.




Commercial Realism and EU Trade Policy


Book Description

The European Union (EU) is at the forefront of engaging in external trade relations outside of the World Trade Organization (WTO) with entire regions and economic powerhouses. Understanding why and how the EU engages in one of the most active fields of external relations is crucial. This book fills a gap in the literature by analysing motives on the modes – bilateralism, inter-regionalism, or multilateralism - of EU external trade relations towards regional organizations in Asia and Latin America outside of the WTO. In particular, it examines why the EU turned from interregional to bilateral external trade relations towards these world regions – a question that is, to date, under-researched. By developing and testing an original approach rooted in realist theorizing coined ‘commercial realism’, it examines systematically the explanatory power of commercial realism against liberal-institutionalist approaches dominant in the literature on EU external relations through five in-depth case studies. This book will be of key interest to scholars and students in EU Politics/Studies, EU external relations, inter-regionalism and more broadly to International Relations and International Political Economy.




Interregionalism and International Relations


Book Description

Interregionalism, the institutionalized relations between world regions, is a new phenomenon in international relations. It also a new layer of development in an increasingly differentiated global order. This volume examines the structure of this phenomenon and the scholarly discourse it is generating. It takes stock of empirical facts and theoretical explanations, bringing together with clarity and concision the latest research on this key area. This essential new book: * traces the emergence of interregionalism and reviews the latest literature * provides a conceptual and theoretical framework for study * includes case studies of inter-regional relations between: Asia and America; Asia and Europe; Europe and America; and Europe and Africa. * delivers comparative analyses and special cases such as continental summits and interregional relationships beyond the Triad. * summarizes and evaluates the findings of each chapter, providing a basis for further research. This is a key reference book for students and researchers of regionalism, global governance and international relations.




The EU and World Regionalism


Book Description

Much has been said about the driving forces of region-building processes or regionalization worldwide, yet few systematic and comparative studies have been conducted on how regions can contribute to the building of other regions - and more concretely, how the European Union has 'pushed' for regionalization worldwide. This comparative book investigates the impact that the EU has on regionalization elsewhere through its inter-regional relations. Covering agriculture, trade, ASEAN, NAFTA, MERCOSUR and Commonwealth amongst other topics, it investigates whether the EU contributes directly, as well as indirectly, to increased regional integration in different parts of the world.




Catholic and Reformed Traditions in International Law


Book Description

This book compares the respective concepts of the law of nations put forward by the Spanish theologian Francisco Suárez and by the Dutch jurist Hugo Grotius. This comparison is based on the fact that both thinkers developed quite similar notions and were the first to depart from the Roman conception, which persisted throughout the entire Middle Ages and the early Renaissance. In Rome, jus gentium was a law that applied to foreigners within the Empire, and one which was often mistaken for Natural Law itself. These two features can be found even in the works of writers such as Francisco de Vitória and Alberico Gentili. In Suárez and Grotius, the law of nations is applicable to an extra-national domain and inarguably becomes positive law. Yet, it also contains an ethical element that prevents it from transforming into a mere reflection of state interests. This work argues that this resemblance is hardly a coincidence: Grotius has read Suárez, and that influence has modified the foundations of his early thoughts on jus gentium. This should not be taken to imply that the Dutch jurist wasn’t original: in both authors, the definition of the law of nations pursues his own internal logic. Nevertheless, Suárez’s oeuvre allowed Grotius to solve a fundamental problem touched on in his early writings that had remained unanswered. Accordingly, his oeuvre promises to clarify one of the most significant moments in the History of International Law.




European Union and New Regionalism


Book Description

Stemming from an international and multidisciplinary network of leading specialists, this best-selling text is fully updated with new chapter additions. With the first edition prepared at the end of the last century and the second edition adding inter-regional relations, this new edition focuses on competing models of regional cooperation within a multipolar world and the role of European Union. This new edition offers: - A comparative analysis of regional cooperation and of both US-centred and EU-centred interregionalism. - A fresh exploration of key issues of regionalism versus globalization and the potential for world economic and political governance through regional cooperation, notably in hard times. - A vigorous response to conventional wisdom on the controversial EU international identity - An appendix on regional and interregional organizations. - A key resource for postgraduate or undergraduate study and research of international relations, European integration studies, comparative politics and international political economy. Taking into account both the expanded European Union and regional cooperation in every continent, this multidisciplinary volume comprises contributions from established scholars in the field: A. Gamble, P. Padoan, G. Joffé, G. Therborn, Th. Meyer, R. Higgott, B. Hettne / F. Ponjaert, F. Soederbaum, Ch. Deblock, K. Eliassen / A. Arnottir, S. Keukeleire / I. Petrova, S. Santander and M. Telò (editor).