The Domestic Politics of European Preferences Towards Global Economic Governance

Schirm Stefan A. ()
Additional contact information
Schirm Stefan A.: Chair of International Politics, Ruhr University of Bochum, Bochum, Germany

New Global Studies, 2018, vol. 12, issue 3, 303-324

Abstract: Why is global economic governance often marked by controversies among EU member states despite their commitment to joint action? European members of the G20 diverge over public debt to stimulate growth and over global trade imbalances. These issues express differences in economic interests, such as competitiveness, as well as ideational divergences regarding deficit spending and the role of the government in steering the economy. Therefore, domestic politics theories seem to constitute a necessary complement to integration theories in explaining European governments’ preferences. In applying the societal approach, I argue that domestic value-based ideas and material interests shape governmental preferences in international political economy. In doing so, ideas prevail when fundamental economic policy issues such as public debt are at stake, while interests prevail, when governance directly affects the costs and benefits of specific economic sectors. These arguments are analysed by comparing the domestic politics of British, French, German and Italian positions towards two policy debates in the G20.

Keywords: global economic governance; domestic politics; governmental preferences; EU member states; G 20; societal approach (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/ngs-2018-0014 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:nglost:v:12:y:2018:i:3:p:303-324:n:2

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/ngs/html

DOI: 10.1515/ngs-2018-0014

Access Statistics for this article

New Global Studies is currently edited by Nayan Chanda, Akira Iriye and Saskia Sassen

More articles in New Global Studies from De Gruyter
Bibliographic data for series maintained by Peter Golla ().