The political economy of economic integration

Research output: Chapter in Book/Report/Conference proceedingChapterScientificpeer-review

Abstract

The return of politics to international trade policymaking is a dramatic development in international economic relations. Calls for ensuring that trade policy serves not only domestic economic needs and prosperity but also foreign policy and national security are now widespread, spearheading a wave of growing unilateralism and disenchantment with the underpinnings of economic integration. The interaction of political and economic forces shaping the process of economic regulation and integration at the domestic, regional, and global level has become more sophisticated, requiring a review of existing theories. This chapter identifies structural trends and changes of the political economy of economic integration and discusses the political economy of economic disintegration. It focuses on geography, power, digitalization, and investment and critically revisits theories of economic integration in light of the current political landscape. It also discusses the role of the World Trade Organization, a key player in globalization.
Original languageEnglish
Title of host publicationThe international law of economic integration
EditorsJulien Chaisse, Christoph Herrmann
Place of PublicationOxford
PublisherOxford University Press
Chapter4
Pages46-67
Number of pages22
ISBN (Electronic)9780191967825
ISBN (Print)9780192871626
DOIs
Publication statusPublished - 2025

Keywords

  • political economy
  • economic integration
  • globalization
  • anti-globalization
  • preferential trade agreements
  • digital trade

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