The EU and the governance of globalisation

Alan Ahearne, Jean Pisani-Ferry (), Andre Sapir and Nicolas Veron

International Journal of Public Policy, 2008, vol. 3, issue 1/2, 118-139

Abstract: The system of multilateral rules and institutions that constitute the global economic governance regime trails the rapid transformation of the world economy. That system needs to adapt to geopolitical changes and to a growing number and diversity of participants in global economic integration, and must coexist with regionalism and market-led governance. Globalisation could proceed with weak global governance, but not without significant risks to its sustainability. The EU, which has a stake in the multilateral system and most likely a comparative advantage in institutional design, should be a key player in its reform agenda. The difficulty of the task is no excuse for avoiding it and for hiding behind US leadership. To equip itself with the ability to take initiatives towards reform, the EU requires changes in its own internal governance and its external representation. Contrary to conventional wisdom, these changes need not imply a federalisation of external relations.

Keywords: European integration; global governance; European governance; globalisation; European Union; EU; external relations. (search for similar items in EconPapers)
Date: 2008
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Related works:
Working Paper: The EU and the governance of globalisation (2008)
Working Paper: The EU and the governance of globalisation (2006)
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