Constructing a European Market: Standards, Regulation, and Governance

Hardcover | May 15, 2001

byMichelle Egan

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Efforts to tackle the trade impeding effects of divergent standards and regulations are at the core of European economic relations. This volume draws on literature from several disciplines to develop a comprehensive account of the regulatory strategies and institutional arrangements adopted bythe EU in promoting the single market in goods. It provides a historical overview and detailed cases studies of the various policy initiatives that have altered the boundaries between the public and private sector in fostering market integration. Tackling interstate barriers to trade has reliedheavily on European law to shape the framework of relations between states, and trade liberalization has been facilitated by legal rulings resolving territorial conflicts over regulatory jurisdiction and authority. The European Court of Justice has actively shaped markets, acting as a 'free tradeumpire' in balancing the goals of market liberalization and market regulation while fostering market compliance. Although markets are absolutely dependent on public authority, the institutional innovation of the EU has been to use the private sector in an ancillary role to the state. By delegating responsibility to set standards for market access, the EU has chosen to draw on the resources of private actors,resulting in a system of governance that is a distinctive, hybrid model of regulation composed of state and non-state actors. Though the "outsourcing" of public sector regulatory activity was expected to be more effective than the process of regulatory harmonization, progress has been difficult.The current deficit in setting standards for European-wide market access raises concerns about the efficiency and effectiveness of such a regulatory regime. Egan provides a detailed evaluation of that process, highlighting regulatory gaps in the single market and the need to focus not only on theprocess of market integration, but also its outcome and impact on European business.Comparisons with American efforts to create a national market are made throughout to demonstrate the difficulties of constructing and maintaining a single market. American and European efforts to devise a uniform market for commerce and trade have involved both public and private authorities, thoughwith different degrees of coordination and centralization, as many of the strategies undertaken by the EU echo earlier American market-building efforts.

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Efforts to tackle the trade impeding effects of divergent standards and regulations are at the core of European economic relations. This volume draws on literature from several disciplines to develop a comprehensive account of the regulatory strategies and institutional arrangements adopted bythe EU in promoting the single market in go...

Michelle Egan is at American University, Washington DC.

other books by Michelle Egan

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Hardcover|Jan 22 2015

$81.78 online$94.50list price(save 13%)
Format:HardcoverDimensions:380 pages, 9.21 × 6.14 × 0.98 inPublished:May 15, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199244057

ISBN - 13:9780199244058

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Table of Contents

1. Introduction2. Setting European Standards: The Political Economy of Market-Building3. Removing Barriers to Trade: Empirical Evidence4. Harmonization: the slow strategy forward5. The Intersection of Law and Markets6. Regulatory reform strategies and the Single Market Program7. Private Actors and Market Integration: Politics, Rules and Norms in European Standardization8. Transferring the Arena of Conflict: Case Studies in Standards Negotiations9. Corporate Perspectives Towards Market Integration10. Conclusion