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Transatlantic Conflict and Cooperation Concerning Trade Issues

Author

Listed:
  • Joseph A. McKinney

    (Baylor University, USA)

Abstract

The United States and the European Union are major players in the global economy. Economic relations between them are both extensive and deep. They account for about 45 percent of world Gross Domestic Product, 30 percent of world foreign direct investment flows, and 70 percent of world FDI stocks. Given their importance in the world economy, and their importance to each other’s economies, it is critical that they cooperate with each other and keep conflict to a minimum. Fortunately, their trade disputes have been relatively few and have for the most part been settled amicably. Attempts to attain deeper economic integration have met with mixed success. The current negotiations for a Transatlantic Trade and Investment Partnership have potential for deepening their economic relationship, but care should be taken not to push beyond what is politically feasible.

Suggested Citation

  • Joseph A. McKinney, 2014. "Transatlantic Conflict and Cooperation Concerning Trade Issues," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 12(3 (Fall)), pages 201-217.
    • Handle: RePEc:mgt:youmgt:v:12:y:2014:i:3:p:201-217
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/12_201-217.pdf
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    Citations

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    Cited by:

    1. Beckman, Jayson & Arita, Shawn & Mitchell, Lorraine & Burfisher, Mary, 2015. "Agriculture in the Transatlantic Trade and Investment Partnership: Tariffs, Tariff-Rate Quotas, and Non-Tariff Measures," Economic Research Report 212886, United States Department of Agriculture, Economic Research Service.
    2. Beckman, Jayson & Arita, Shawn & Mitchell, Lorraine, 2015. "The Transatlantic Trade and Investment Partnership and Agriculture: A Quantitative Analysis," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205056, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    transatlantic; trade disputes; trade negotiations; investment; regulations;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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