Annals of the Fondazione Luigi Einaudi

An Interdisciplinary Journal of Economics, History and Political Science

The Annals is a forum for the free exchange of ideas
among scholars working in the field of social sciences
Volume LI 2 - 2017

The Emerging Conflict between Democratic Legitimacy and the EU’s Common Commercial Policy: Risks for the EU as a Civilian Power and for the Multilateral Order

Mario Telò,
pp. 201-224
10.26331/1022,
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ABSTRACT

The European Common Commercial Policy is both a raison d’être of the EC/EU since the Treaty of Rome and the way to become in 60 years a global civilian power. However, the highly problematic development of the TTIP and CETA trade arrangements may represent a turning point. Not only do domestic pressures and decentralized democratic demands for legitimacy challenge the capacity of the EU institutions to maintain exclusive competence in trade negotiations, but the role of Europe as champion of the global multilateral order established under the hegemony of the USA in 1944-47 is in trouble. Simultaneously, a different but convergent destabilizing process is occurring in US trade policy after the election of a protectionist and anti-multilateralist president. The paper invites the reader to take serious account of the risks of a dramatic change as far as global trade and the world order are concerned.
  • Institutional and Economic Reform Process in Europe: An Historical Perspective

    Luca Einaudi
    Volume LI 2 - 2017 pp. 55-79
    Cite this article as DOI: 10.26331/1015
  • Economic Policies during the ‘Great Recession’ in the United States and the European Union: A Comparative and Critical View

    Vittorio Valli
    Volume LI 2 - 2017 pp. 159-181
    Cite this article as DOI: 10.26331/1020
  • European Economic Governance in Times of Crises

    Lucia Quaglia
    Volume LI 2 - 2017 pp. 183-200
    Cite this article as DOI: 10.26331/1021
  • The European Union in Search of Solidarity

    Maurizio Ferrera
    Volume LI 2 - 2017 pp. 227-243
    Cite this article as DOI: 10.26331/1023
  • On the Migration Issue in Europe

    Tiziana Caponio and Roberta Perna
    Volume LI 2 - 2017 pp. 245-263
    Cite this article as DOI: 10.26331/1024