An ever closer union no more. A political economic research of the changed intra-EU trade share
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2023-06-13
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en
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Since the Second World War, the states that form what today is the European Union (EU) have notably increased their internal trade compared with their trade outside of the EU. Surprisingly, since the 1990s as the Euro was introduced and the EU’s competences expanded, the member states no longer exhibit a continuous increase in their trade with each other vis-à-vis the rest of the world. Although this trend shift since the 1990s has been detected, no research has yet been done on identifying its cause. Therefore, this research stands as a pioneering endeavour in identifying the underlying factors that have contributed to that trend shift. The tested potential causes derived from two grand theories in the field of international relations, namely Keohane’s rationalist theory of Liberal Institutionalism as well as Wendt’s more idealist theory of Social Constructivism. Consequently, several formal institutions of the European Union have been scrutinised alongside changes in the global and the regional culture. This was done through regression analyses for both theories were not built upon this research method. Hence, the analyses tested whether the theories possess explanatory power beyond the original methods practised by their founders
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Faculteit der Managementwetenschappen