Commercial Realism and EU Trade Policy Competing for Economic Power in Asia and the Americas
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.
Part I: Theory, Hypotheses and Process-tracing 1. Introduction: Designing European Union Trade Policy 2. Theorizing European Union Trade Policy Part II: World Regions in European Union Trade Policy 3. The European Union in Latin America in Light of United States’ Dominance 4. The European Union and Southeast Asia in the Shadow of China’s Hegemony 5. European Union External Trade Relations and its Partner Regions Part III: Comparison and Conclusion 6. Economic Power and European Union Trade Policy