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Politics, Economics and Global Governance: The European Dimensions

Objective

The long-standing US-EU partnership and dominance of a range of international institutions (IMF, World Bank, Security Council, etc.) is rapidly breaking down under the impact of shifting interdependencies and power relationships. In this sense, global economic governance is at a crucial crossroads. If a more complex and multi-polar world is now emerging, interwoven with bilateral agreements and a proliferation of regional efforts of uncertain outcome and dimensions, it is unclear how co-operation will be organised in the future and by whom. Global economic governance is riddled with worrisome uncertainties, yet this offers clear opportunities for an alliance between scholars pushing the bounds in terms of analysis, and EU policy entrepreneurs in terms of action. Europe must play a major part in the reform and reinforcement of global governance mechanisms, but in order to do so the EU requires a clear definition of its self-interest, a correspondingly clear sense of purpose and objectives, and the internal coherence and institutional capacity to exercise leadership. Now is the time for Europe to project a vision of how the global system should evolve, and to act. The project begins with five research domains: i) macroeconomic adjustment and governance; ii) the integration of markets for finance and investment; iii) the integration of markets for trade in goods and services; iv) migration and the mobility of labour; v) environmental governance. hese are questions where a combined analysis by political scientists and economists is necessary if workable and real-world policy solutions are to be developed and prevail. Ultimately, the legitimacy of global governance depends on input and representation in the decision-making process of global governance, and on the output or policy outcome in terms of growth, distribution, and compensation for the losers.

Field of science

  • /social sciences/economics and business/business and management/commerce
  • /social sciences/economics and business/economics
  • /social sciences/sociology/social problems/migration
  • /social sciences/economics and business
  • /social sciences/sociology/governance
  • /social sciences/sociology/governance/public services

Call for proposal

FP7-SSH-2007-1
See other projects for this call

Funding Scheme

CP-IP - Large-scale integrating project

Coordinator

INSTITUT DE HAUTES ETUDES INTERNATIONALES ET DU DEVELOPPEMENT
Address
Rue De Lausanne 132
1211 Geneve
Switzerland
Activity type
Higher or Secondary Education Establishments
EU contribution
€ 280 002
Administrative Contact
Theresa Carpenter (Dr.)

Participants (6)

THE CENTRE FOR ECONOMIC POLICY RESEARCH
United Kingdom
EU contribution
€ 1 433 995
Address
33 2Nd Floor 33 Great Sutton Street
EC1V 0DX London
Activity type
Research Organisations
Administrative Contact
Vivian Davies (Mr.)
UNIVERSITEIT VAN AMSTERDAM
Netherlands
EU contribution
€ 420 000
Address
Spui 21
1012WX Amsterdam
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Lucre Visser (Ms.)
UNIVERSITE LIBRE DE BRUXELLES
Belgium
EU contribution
€ 250 002
Address
Avenue Franklin Roosevelt 50
1050 Bruxelles
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Paola Conconi (Prof.)
Centre Pour La Recherche Economique Et Ses Applications
France
EU contribution
€ 270 000
Address
Boulevard Jourdan 48
75014 Paris
Activity type
Research Organisations
Administrative Contact
Daniel Cohen (Prof.)
EUROPEAN UNIVERSITY INSTITUTE
Italy
EU contribution
€ 270 000
Address
Via Dei Roccettini 9
50014 Fiesole
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Serena Scarselli (Ms.)
THE CHANCELLOR, MASTERS AND SCHOLARS OF THE UNIVERSITY OF OXFORD
United Kingdom
EU contribution
€ 382 000
Address
Wellington Square University Offices
OX1 2JD Oxford
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Gillian Coates (Ms.)