“The Changing Nature of EU-U.S. Economic Relations”

O’ Cleireacain, Séamus. (1999) “The Changing Nature of EU-U.S. Economic Relations”. In: UNSPECIFIED, Pittsburgh, PA. (Unpublished)

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Abstract

This paper examines how evolving transatlantic economic interactions are shaping the global trade regime since the conclusion of the Uruguay Round and the creation of the WTO. The size of the relationship, between the two largest economic powers in the global system, ensures that the manner in which the transatlantic relationship is conducted will impact not only upon the operations of the present multilateral institutions but the manner in which they will evolve in the future. While institutions shape behaviour, behaviour also shapes institutions. The paper concentrates on this interplay in the case of transatlantic trade issues and the WTO. As it indicates, the transatlantic relationship, with its trade disputes, is “pushing the envelope” in influencing how multilateral organisations such as the WTO determines the global trade rules by which all nations play.

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