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Chapter

Cover The European Union

11. Conclusion  

Daniel Kenealy, Amelia Hadfield, and Richard Corbett

The EU is extraordinary, complex and—in important respects—unique. This concluding chapter revisits three key themes that can help structure understanding of the EU: experimentation and change; power sharing and consensus; and scope and capacity. It also returns to the question: how can we best explain the EU and how it works? Finally, the chapter confronts the question: ‘Where do we go from here’? Does knowing how the EU works give clues about how it might work in the future? In light of the COVID-19 pandemic will the EU develop in a more intergovernmental or federal manner? Or will the sort of flexible pragmatism that has helped the EU survive to this point characterize the future?

Chapter

Cover Global Political Economy

3. Cooperation and Conflict in the Global Political Economy  

Vinod K. Aggarwal and Cédric Dupont

This chapter discusses the problems of collaboration and coordination in the global political economy. It first identifies situations that might require states to work with each other to achieve a desired outcome. It then turns to a focus on basic game theory as an analytical tool to tackle the nature of collaboration and coordination efforts. International cooperation can help to address three typical problems associated with the process of global economic integration: a temptation to free ride, an inhibiting fear, and a need to find meeting points in situations where collaboration will produce differing costs and benefits to governments. Different types of problems associated with the process of global integration call for different solutions to address these three typical problems, ranging from the provision of binding rules to facilitating mechanisms. A country's need for international cooperation depends on its sociopolitical structure as well as on the structure and flexibility of its economy. Finally, the chapter considers how institutions might play a role in enhancing the prospects for cooperative behaviour.

Chapter

Cover International Relations Theories

6. Liberalism  

Knud Erik Jørgensen

This chapter examines liberal theories of international politics, focusing on a series of questions that are relevant for understanding not only strands of liberal theorizing but also how theorizing can inform political practices. The chapter considers how liberalism emerged and four central processes of interest to liberalism: globalization, democratization, institutionalization, and regional integration. The chapter also considers various forms of liberal theorizing on war and peace, democracy, norms, and interdependence. It examines a case study of the European Union as an embodiment of key liberal principles.

Chapter

Cover The European Union

3. The EU’s Institutions  

Richard Corbett, Daniel Kenealy, and Amelia Hadfield

It is impossible to understand the EU without a careful study of its key institutions and how they work. This chapter examines the six key institutions of the EU: the European Commission; the Council (of ministers); the European Council; the European Parliament; the Court of Justice of the European Union; and the European Central Bank. The chapter discusses the structures and formal powers of the six institutions and how these powers have evolved in practice over time. While it may be tempting to regard EU institutions as dry and complex, they are also dynamic organisms exercising a unique mix of legislative, executive, and judicial power. The chapter explains why these institutions matter in determining EU politics and policy more generally, focusing on three central themes: the extent to which the EU is an experiment in motion; the importance of power sharing and consensus; and the capacity of the EU structures to cope with the Union’s expanding size and scope.

Chapter

Cover US Foreign Policy

Introduction: US foreign policy—past, present, and future  

Michael Cox and Doug Stokes

This edition provides an account of contemporary U.S. foreign policy. There are at least five broad themes that inform the text. The first is the importance of the past for understanding the present. The second concerns the complex relationship between foreign policy and America’s longer-term goals and interests. Policy makers have assumed that the international order that would best advance American interests would be composed primarily of democratic states, open markets, and self-determining nations. The third theme is the importance of the ‘domestic’ in shaping U.S. foreign policy choices, including factors such as interest groups, the role of institutions, and the power of ideas. The fourth theme relates to the issue of perspective or ‘balance’, and the fifth and final theme refers to the fact that whatever one might think of the United States past, present, or future, it is simply too important to be ignored.

Chapter

Cover The European Union

10. Current and Future Challenges  

Amelia Amelia, Daniel Kenealy, and Richard Corbett

As it moves into the third decade of the 21st century, the EU faces a number of new and unprecedented challenges–as well as some perennial ones. The chapter opens with a discussion of the challenges posed by the UK’s withdrawal from the EU (Brexit). It goes on to consider how the COVID-19 pandemic has catalysed a series of pre-existing internal and external policy challenges, as well as creating new ones. These in turn have raised questions about various aspects of the EU’s governance, from the size and scope of its budget to the quality of democracy across its member states; from the role of the Commission to decision-making rules in the Council. How well the EU responds to these many challenges will shape the future of the Union.

Chapter

Cover The Institutions of the European Union

13. The institutions of the Common Foreign and Security Policy:  

between intergovernmentalism and supranationalism

Ana E. Juncos

This chapter examines the institutional arrangements in the European Union’s (EU’s) Common Foreign and Security Policy (CFSP). The chapter first charts the historical development of this policy, with foreign policy cooperation being one of the last policy areas to emerge at the EU level. Thus, many of the institutions operating in this area have only been recently established, including the High Representative, the European External Action Service, and many of the administrative bodies supporting the implementation of the EU’s Common Security and Defence Policy, which comprises the EU’s civilian and military operations. The chapter then analyses the main institutional actors involved in the CFSP, focusing on their ability to shape the decision-making and implementation of this policy. The following sections also examine the five dimensions of EU institutional politics and how these play out in this particular area, highlighting the key challenges the EU faces in becoming a fully fledged international actor.