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The EU and the governance of globalisation

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

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

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. Copyright © 2008, Inderscience Publishers.

Keywords: European governance; European integration; Global governance (search for similar items in EconPapers)
Date: 2008
Note: SCOPUS: ar.j
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Published in: International Journal of Public Policy (2008) v.3 n° 1/2,p.118-139

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Journal Article: The EU and the governance of globalisation (2008) Downloads
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