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The European union's trade policy response to the crisis: paradigm lost or reinforced?

Ferdi De Ville UGent and Jan Orbie UGent (2011) EUROPEAN INTEGRATION ONLINE PAPERS-EIOP. 15(2). p.1-22
abstract
This paper critically examines the European Union’s (EU) trade policy response to the global financial and economic crisis. Contrary to what would be expected, we find that the EU’s neoliberal trade paradigm, as frankly presented in the 2006 Global Europe strategy, has not been delegitimized. The neoliberal (dis-)course has even been reinforced. First, we theorize on the conditions for paradigmatic change and the importance of framing in the delegitimization phase. Second, we analyze the Commission’s framing of the crisis, amounting to (i) a downplaying of the nature of the crisis to a crisis in the financial subsystem of global capitalism; (ii) an emphasis on the danger of protectionism that would worsen the crisis and lead to a 1930s “Great Depression” scenario; and (iii) advocation for further trade liberalization as a contribution to European and global recovery. Third, we show that this has been translated in practice such as through the limited use of anti-dumping measures and ever more ambitious trade agreements as with Korea. Finally, we explain why the crisis has not led to a delegitimization of the existing trade paradigm, pointing to the absence of a workable alternative paradigm, the role of European social democratic parties and the labour movement, and the interests of transnational business.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
trade unions, social democracy, European Commission, protectionism, liberalization, globalization, discourse, European social model, international trade, trade policy, political science, EU, FORTRESS, DELEGATION, NEGOTIATIONS, ECONOMIC-POLICY
journal title
EUROPEAN INTEGRATION ONLINE PAPERS-EIOP
Eur. Integr. Online Pap.
volume
15
issue
2
pages
1 - 22
Web of Science type
Article
Web of Science id
000289676300001
JCR category
SOCIAL SCIENCES, INTERDISCIPLINARY
JCR impact factor
0.256 (2011)
JCR rank
74/89 (2011)
JCR quartile
4 (2011)
ISSN
1027-5193
DOI
10.1695/2011002
language
English
UGent publication?
yes
classification
A1
copyright statement
I have retained and own the full copyright for this publication
id
1210746
handle
http://hdl.handle.net/1854/LU-1210746
date created
2011-04-19 18:39:04
date last changed
2016-12-19 15:45:50
@article{1210746,
  abstract     = {This paper critically examines the European Union{\textquoteright}s (EU) trade policy response to the global financial and economic crisis. Contrary to what would be expected, we find that the EU{\textquoteright}s neoliberal trade paradigm, as frankly presented in the 2006 Global Europe strategy, has not been delegitimized. The neoliberal (dis-)course has even been reinforced. First, we theorize on the conditions for paradigmatic change and the importance of framing in the delegitimization phase. Second, we analyze  the Commission{\textquoteright}s framing of the crisis, amounting to (i) a downplaying of the nature of the crisis to a crisis in the financial subsystem of global capitalism; (ii) an emphasis on the danger of protectionism that would worsen the crisis and lead to a 1930s {\textquotedblleft}Great Depression{\textquotedblright} scenario; and (iii) advocation for further trade liberalization as a contribution to European and global recovery. Third, we show that this has been translated in practice such as through the limited use of anti-dumping measures and ever more ambitious trade agreements as with Korea. Finally, we explain why the crisis has not led to a delegitimization of the existing trade paradigm, pointing to the absence of a workable alternative paradigm, the role of European social democratic parties and the labour 
movement, and the interests of transnational business.},
  author       = {De Ville, Ferdi and Orbie, Jan},
  issn         = {1027-5193},
  journal      = {EUROPEAN INTEGRATION ONLINE PAPERS-EIOP},
  keyword      = {trade unions,social democracy,European Commission,protectionism,liberalization,globalization,discourse,European social model,international trade,trade policy,political science,EU,FORTRESS,DELEGATION,NEGOTIATIONS,ECONOMIC-POLICY},
  language     = {eng},
  number       = {2},
  pages        = {1--22},
  title        = {The European union's trade policy response to the crisis: paradigm lost or reinforced?},
  url          = {http://dx.doi.org/10.1695/2011002},
  volume       = {15},
  year         = {2011},
}

Chicago
De Ville, Ferdi, and Jan Orbie. 2011. “The European Union’s Trade Policy Response to the Crisis: Paradigm Lost or Reinforced?” European Integration Online Papers-eiop 15 (2): 1–22.
APA
De Ville, F., & Orbie, J. (2011). The European union’s trade policy response to the crisis: paradigm lost or reinforced? EUROPEAN INTEGRATION ONLINE PAPERS-EIOP, 15(2), 1–22.
Vancouver
1.
De Ville F, Orbie J. The European union’s trade policy response to the crisis: paradigm lost or reinforced? EUROPEAN INTEGRATION ONLINE PAPERS-EIOP. 2011;15(2):1–22.
MLA
De Ville, Ferdi, and Jan Orbie. “The European Union’s Trade Policy Response to the Crisis: Paradigm Lost or Reinforced?” EUROPEAN INTEGRATION ONLINE PAPERS-EIOP 15.2 (2011): 1–22. Print.