The Union and the World: The Political Economy of a Common European Foreign Policy

During the last decade Europe has been transformed both politically and commercially. The establishment of a genuinely single marketplace in the context of an expanding membership has enabled the European Union greatly to enhance its role on the world stage. In the areas of trade and commercial policy the Union increasingly speaks with one voice. As a result of the Maastricht Treaty on Economic and Political Union of 1993, a process has been set in motion whereby the embryonic mechanisms of a common foreign policy (European Political Cooperation or EPC) are gradually evolving into a more comprehensive Common Foreign and Security Policy (CFSP).
The contributors to this volume describe and evaluate the nature and extent to which the European Union plays an independent role in international affairs. This pioneering work makes an important contribution to the literature on the European Union since the chapters present a comprehensive picture of the Union's foreign economic policies and actions, its foreign security policy, and the supranational nature of much Union decision-making.
The book is significant, not only because of its dual focus on economics as well as politics, but also because it comprehensively covers the broad range of Union policies in both the economic and political spheres.
The intended level of readership is undergraduate courses on the EU and on European politics; upper level undergraduate courses in International Relations; and graduate survey courses on the EU. The book is sufficiently comprehensive and instructive to achieve a wide readership, especially in North America and the UK.

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Table of contents

Introduction: EU Foreign Policy: A Theoretical Framework; A. Cafruny, P. Peters. Part 1: A General Overview and Foreign Policy. 1. Dynamic Interaction, Conflict and Policy Development in the European Commission; P. Peters. 2. Judicial Politics and the EC External Relations: The Role of the European Court of Justice; S. Tesoka. 3. Stability and Security in Post-Cold War Europe: The Role of the European Union; M. Leigh. 4. The Cost of Staying out of the European Union: Third States and Foreign Multinationals Lobbying the EU Decision Making Processes; F. Bindi. Part 2: Foreign Policy in the Second and Third Pillar. 5. The EU Common Foreign and Security Policy and the Enlargement: Consequences for the East and the Atlantic Alliance; T. Grunert. 6. Transgressing Borders: Safe Third Countries and the Emergent European Refugee Regime; S. Lavenex. 7. The European Union and the War in the Former Yugoslavia: the Failure of Collective Diplomacy; A. Cafruny. 8. Europeanization of the Mediterranean Region: EU's Relations with the Magreb Countries; K. Lahteenmaki, C. Smith. Part 3: Economic and Monetary Integration and the World Economy. 9. The International Aspects of EU's Exchange Rate Policy: European Integration and Dollar Dominance; A. Verdun. 10. The Political Economy of European Monetary Union, Between Economic Logic and Political Imperatives; B. Winkler. Part 4: International Trade and Industrial Policy. 11. The Institutional Challenges and Paradoxes of EU Governance External Trade: Coping with the Post Hegemonic Trading System and the Global Economy; J. Mortenson. 12. The EU Car Industry; Structural Changes and Challenges for Foreign and Domestic Producers; S. Labory. 13. The Development of a European Foreign Policy; the Energy Charter Treaty and the Consequences for the International Political Economy of Energy Markets; A. Smith. 14. Protectionism in a Globalized Food System: The Impact of the CAP on the World Market; M. Hennis. 15. EU Telecommunications Policy and the Challenge of Globalization; J. Enser. Part 5: Conclusions. 16. A Development Towards a European Foreign Policy a Synthesis from the Case Studies and the Consequences for the Next Decade; A. Cafruny, P. Peters. Bibliography. Index.

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