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The EU’s Role in Fighting Global Imbalances

The EU’s Role in Fighting Global Imbalances
Author: Antonina Bakardjieva Engelbrekt
Publisher: Edward Elgar Publishing
Total Pages: 288
Release: 2015-11-27
Genre: Political Science
ISBN: 1784716731

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The EU’s Role in Fighting Global Imbalances looks at the role of the European Union in addressing some of the greatest challenges of our time: poverty, protectionism, climate change, and human trafficking. The recent crisis has depleted the Union’s economic and political resources. At the same time the Union is, like never before, expected to confront these global challenges on the world political arena, where new regional power centres are establishing themselves. Based on a broad and interdisciplinary understanding of the concept of global imbalances, this book argues that these challenges follow from pervasive global imbalances, which at root are economic, political, and legal in character. Contributions from ten leading scholars in the fields of economics, law, and political science provide in-depth analyses of three key dimensions of EU foreign policy, namely: the internal challenges facing the EU, as its 28 member countries struggle to coordinate their actions; the external challenges facing the EU on the global arena, in areas where global imbalances are particularly pervasive, and where measures taken by the Union can have an important impact; and the EU´s performance on the global arena, in the eyes of other key actors. This policy-oriented, interdisciplinary volume offers real insight into the European Union and its role in global affairs and will appeal to academics and policy-makers alike.


Europe and Global Imbalances

Europe and Global Imbalances
Author: Philip R. Lane
Publisher: International Monetary Fund
Total Pages: 66
Release: 2007-06
Genre: Business & Economics
ISBN:

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Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks.


The Routledge Handbook of Differentiation in the European Union

The Routledge Handbook of Differentiation in the European Union
Author: Benjamin Leruth
Publisher: Routledge
Total Pages: 787
Release: 2022-05-11
Genre: Political Science
ISBN: 042962414X

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The Routledge Handbook of Differentiation in the European Union offers an essential collection of groundbreaking chapters reflecting on the causes and consequences of this complex phenomenon. With contributions from key experts in this subfield of European Studies, it will become a key volume used for those interested in learning the nuts and bolts of differentiation as a mechanism of (dis)integration in the European Union, especially in the light of Brexit. Organised around five key themes, it offers an authoritative "encyclopaedia" of differentiation and addresses questions such as: How can one define differentiation in the European Union in the light of the most recent events? Does differentiation create more challenges or opportunities for the European Union? Is Europe moving away from an "ever closer Union" and heading towards an "ever more differentiated Union", especially as leading political figures across Europe favour the use of differentiation to reconcile divergences between member states? This handbook is essential reading and an authoritative reference for scholars, students, researchers and practitioners involved in, and actively concerned about, research in the study of European integration. As European differentiation is multifaceted and involves a wide range of actors and policies, it will be of further interest to those working on countries and/or in policy areas where differentiation is an increasingly relevant feature. The Introduction and chapters 13, 21, 30, and 35 of this book is available for free in PDF format as Open Access from the individual product page at www.routledge.com. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.


International Crisis Management: NATO, EU, OSCE and Civil Society

International Crisis Management: NATO, EU, OSCE and Civil Society
Author: S. Goda
Publisher: IOS Press
Total Pages: 184
Release: 2016-05-03
Genre: Business & Economics
ISBN: 1614996415

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Since the end of the Cold War, numerous conflicts have emerged within the Euro-Atlantic and Eurasian space which have affected international relations and highlighted the need for effective strategies for conflict resolution and management. This book presents papers delivered at the NATO Advanced Research Workshop (ARW), Best Practices and Lessons Learned in Conflict Management, held in Bratislava, Slovak Republic, in June 2015. The authors of these texts are recognized authorities within their fields of expertise. Issues raised by the conflict in Ukraine were the main focus of the workshop, as they are of this book, but it also contains valuable information about situations in other countries such as the Republic of Moldova, Afghanistan, Bosnia and Herzegovina, and Belarus. The book presents an analysis of the theoretical background of conflict management and its relevance for multilateral security institutions. It explores various approaches to conflict management, discusses possible future developments, examines new aspects of conflict resolution and outlines the role of international organizations and civil society in these processes. Providing an overview of current thought in the field, this book will be of interest to all those involved in or connected with the processes of conflict management and resolution.


Global Imbalances and the Collapse of Globalised Finance

Global Imbalances and the Collapse of Globalised Finance
Author: Anton Brender
Publisher:
Total Pages: 200
Release: 2010
Genre: Business & Economics
ISBN:

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The world economy is just starting to recover from the most disastrous episode in the history of financial globalisation. Understanding what happened is essential. Anton Brender and Florence Pisani, both economists with Dexia Asset Management and teaching at Paris-Dauphine University, argue in this book that the main problems were deeply rooted and are to be found in two tightly linked developments that for many years were left largely uncontrolled: the increase in the intensity of international transfers of savings - the so-called 'global imbalances' - and a wave of innovations - globalised finance - that have changed the way savings and the risks associated with their investment can be transferred. Globalised finance allowed continuously increasing amounts of emerging countries' savings, invested in 'risk-free' assets, to finance loans that were far from being risk-free. The risks attendant on those loans did not vanish of course: they were carried by the risk-takers of the globalised financial system. Hedge-funds, investment banks, off-balance-sheet vehicles, etc. functioned here as parts of a genuine alternative banking system, taking on the bulk of the liquidity, interest-rate and credit risks generated by the mismatch between the assets that emerging regions' savers were ready to - or could - invest in and the liabilities developed countries' borrowers issued. Unfortunately, no one was in charge of keeping in check either the quantity of risk being accumulated in this way or the quality of the loans generating those risks. The consequence was terrible: the only force that could finally rein in the continuous deepening of the global imbalances was the collapse of globalised finance.


Foreign Policy

Foreign Policy
Author: Steve Smith
Publisher: Oxford University Press
Total Pages: 595
Release: 2016
Genre: Political Science
ISBN: 0198708904

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The only introduction to foreign policy to combine theories, actors and cases in one volume.


Oxford Handbook of Comparative Environmental Law

Oxford Handbook of Comparative Environmental Law
Author: Emma Lees
Publisher: Oxford Handbooks
Total Pages: 1316
Release: 2019-04
Genre: Law
ISBN: 0198790953

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This Handbook is the first comprehensive account of comparative environmental law. It examines in detail the methodological foundations of the discipline as well as the substance of environmental law across countries from four vantage points: country studies from all continents, responses to common problems (including air pollution, water management, nature conservation, genetically modified organisms, climate change and energy, chemicals, waste), foundational components of environmental law systems (including principles, property rights, administrative and judicial organisation, command-and-control regulation, market mechanisms, informational techniques and liability mechanisms), and common interactions of environmental protection with the broader public, private, and criminal law contexts. 0The volume brings together the foremost authorities in this field from around the world to provide a concise, self-contained, and technically rigorous account of environmental law as a single overall system.


Europe's Malaise

Europe's Malaise
Author: Francesco Duina
Publisher: Emerald Group Publishing
Total Pages: 252
Release: 2020-10-07
Genre: Social Science
ISBN: 1839090413

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Europe is struggling. Its challenges include weak economic growth, demographic trends that undermine the sustainability of social and other programs, migration, Brexit, the unfinished euro architecture and much more. This volume of Research in Political Sociology seeks to adopt a 'longer' view to make sense of Europe's current 'malaise'.


The Foundations of European Transnational Private Law

The Foundations of European Transnational Private Law
Author: Anna Beckers
Publisher: Bloomsbury Publishing
Total Pages: 428
Release: 2024-05-30
Genre: Law
ISBN: 150996293X

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Since Anu Bradford's groundbreaking book on the Brussels Effect there is a vastly evolving literature on the EU as a global regulatory actor as well as the global reach of EU law. This edited collection connects to this debate. Yet, it shifts the focus from the currently predominant public law focus to investigating European and EU private law and to connecting to literature and research on transnational law. To that end, it proceeds first conceptually by introducing and giving shape to the notion of a “European Transnational Private Law” through four conceptual contributions by the editors. Secondly, it focuses on several sectors (finance, taxation, investment, consumer law, labour law) and topics (climate litigation, global value chains, non-discrimination) to trace sector-specifically the role of EU private law in relation to transnational legal ordering.


Global Imbalances and the Financial Crisis

Global Imbalances and the Financial Crisis
Author: Steven Vincent Dunaway
Publisher: Council on Foreign Relations
Total Pages: 56
Release: 2009
Genre: Business & Economics
ISBN: 0876094280

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Crafting stimulus packages and financial bailouts to address immediate problems has for many reasons been a priority for policymakers. In this Council Special Report, however, Steven Dunaway argues that policymakers must go beyond these steps and tackle one of the root causes of today's crisis: imbalances between savings and investment in major countries. The report analyzes the nature of these imbalances, which occur when some countries, such as the United States, run large current account (essentially trade) deficits while others, such as China, maintain large surpluses. Dunaway identifies three features of the international financial system that have allowed the imbalances to persist, features that involve both floating and managed exchange rates as well as the issuance of reserve assets. In particular, he notes that the United States' status as an issuer of such assets has enabled it to finance a current account deficit. The report then prescribes a variety of steps to address global imbalances. Beyond stimulus packages around the world, it urges measures to raise savings (principally government savings) in the United States, reform labor and product markets in Europe and Japan to increase competition and flexibility, and boost domestic consumption in China. Finally, the report advocates improving International Monetary Fund (IMF) surveillance of member states' economic policies by reducing the role of the Fund's executive board and depoliticizing the selection of its senior management.