The United States, the European Union, and the "Globalization" of World Trade: Allies or Adversaries?

By Thomas C. Fischer | Go to book overview

Notes

CHAPTER 1. THE "GLOBALIZATION" PROCESS
1.
LESTER THUROW, HEAD TO HEAD: THE COMING ECONOMIC BATTLE AMONG JAPAN, EUROPE AND AMERICA ( Morrow & Co., 1992), pp. 55-66.
2.
See e.g., Peter Norman, "Dollar 'has risen enough'," FINANCIAL TIMES, February 10, 1997, p. 4; Gerard Baker, "Dollar could be buoyed in spite of G-7," FINANCIAL TIMES, February 11, 1997, p. 7.
3.
For a brief, but complete, discussion of this point in the context of financial markets, see Gordon K. Walker & Mark A. Fox, "Globalization: An Analytical Framework," 3 INDIANA JOURNAL OF GLOBAL LEGAL STUDIES 375, pp. 379-381, citing Jost Delbrück, "Globalization of Law, Politics and Markets--Implications for Domestic Law--A European Perspective," 1 INDIANA JOURNAL OF GLOBAL LEGAL STUDIES 9, p. 10, n. 3.

CHAPTER 2. REGULATING GLOBAL TRADE
1.
LEA BRILMAYER, AMERICAN HEGEMONY: POLITICAL MORALITY IN A ONE- SUPERPOWER WORLD ( Yale University Press, 1995).
2.
Its "Action Plan . . . identifies over 150 specific actions where the EU and the US have agreed to work together" (emphasis mine), but its four general goals: "Promoting peace and stability, democracy and development around the world. . . . Responding to global challenges. . . . Contributing to the expansion of world trade and closer economic relations . . . [and] Building bridges across the Atlantic . . ." are too vague to be considered a trade-regulation "plan." European Commission, Progress Report on EU/US Relations, No. 7, December 1995, pp. 4-5.
3.
Guy de Jonquières, "WTO urged to act on regional pacts," FINANCIAL TIMES, February 6, 1997, p. 6.
4.
"Nowadays economic and social analysts debate whether, or to what extent,

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