Earlier versions of this article were presented at the ‘Explaining Europe at 50’ conference, University of Bath, 17 November 2007 and at the International Studies Association meeting, New York, 16 February 2009. The authors are grateful to all participants at these meetings, particularly Gian Luca Gardini, Theo Papadopoulos and Roy Ginsberg.
The Diminishing Returns to Trade Policy in the European Union
Article first published online: 6 OCT 2010
© 2010 The Author(s). JCMS: Journal of Common Market Studies © 2010 Blackwell Publishing Ltd
JCMS: Journal of Common Market Studies
Volume 48, Issue 5, pages 1329–1349, November 2010
How to Cite
MCGUIRE, S. M. and LINDEQUE, J. P. (2010), The Diminishing Returns to Trade Policy in the European Union. JCMS: Journal of Common Market Studies, 48: 1329–1349. doi: 10.1111/j.1468-5965.2010.02115.x
- Issue published online: 6 OCT 2010
- Article first published online: 6 OCT 2010
The notion that the EU is a trade power is central to studies of the Union's international presence. Credible threats to withhold access to Europe's markets are said to provide the Union with leverage in respect of other trade partners. This article queries the continuing ability of the European Union to act effectively this way. The current Doha malaise is a symptom of deeper changes in the international trade system. As emerging markets become more affluent and participate in foreign direct investment, their interest in market access per se become less important relative to other areas of regulation.