The European Union and the global political economy

Verdun, A.C. (2023)

Part of book or chapter of book

This chapter charts the position of the European Union (EU) in the global political economy (GPE), identifies key dimensions of change and development, and evaluates the EU’s impact on the operation of the contemporary GPE. It does so by outlining key ideas in international political economy (IPE), by relating these to the growth of the EU, and by assessing the EU’s role in the GPE in three areas: European integration itself, the EU’s engagement in the GPE, and the EU’s claims to be a major economic power. The final part of the chapter brings these together an examination of global economic governance—in particular, the EU’s role in the financial, multilateral state system with its principles of global governance, and pays some attention to recent crises (such as the Covid-19 pandemic) and the Russian invasion of Ukraine.

• Competition
• Crisis
• European Union
• Global political economy
• Global governance
• International political economy
• (IPE)
• Power

• All authors: Verdun, A.C.
• Editor(s): Smith, M.; Hill, C.; Vanhoonacker, S.
• Date: 2023-01-03
• Title of host publication: International relations and the European Union
• Edition: 4th
• Pages: 182 - 206
• Grant number: SSHRC