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The European Union and the Evolving Architectures of International Economic Agreements
Hardcover
ISBN13: 9789819923281
Publisher: Springer Nature
Published: Jul 26 2023
Pages: 319
Weight: 1.55
Height: 0.87 Width: 6.06 Depth: 9.29
Language: English
The European Union ('EU') is promoting a suite of innovations in international economic regulation--among them, reforms for secure and sustainable investment, a comprehensive approach to the mutual recognition of professional qualifications, a viable carbon border adjustment mechanism, heightened intellectual property rights protection, the arm's length principle in taxation, and an increased commitment to non-economic vales. Through a critical analysis of key regulations and policies, this volume explores the evolving architectures of international economic agreements in light of EU practice. A comprehensive analysis indicates that novelties are rooted in geoeconomic considerations, through which a fundamental shift is underway towards the adoption of comprehensive bilateral trade agreements. Whilst innovation has the potential to significantly harmonise cross-border regulatory frameworks, it can also trigger significant fractures, particularly when applied restrictively and asymmetrically. Arguably, the 'Brussels effect' will to a certain extent foster a progressive development of international economic regulation, while in some respects being constrained by the status quo of the international economic regime.
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