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NCCR Publications Working Papers Delegation and Agency in EU Trade Policy Making: Bringing Brussels Back in
| Delegation and Agency in EU Trade Policy Making: Bringing Brussels Back in |
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Delegation and Agency in EU Trade Policy Making: Bringing Brussels Back in, NCCR Working Paper 2007/21, May 2007
Abstract This paper addresses the political economy of foreign trade policy-making in the European Union (EU). In light of recent developments in global trade regulation towards more regional and bilateral trade arrangements, the paper asks what drives trade-policy-making in the EU? Using a Principal-Agent (PA) framework the paper looks at how institutional and societal factors shape EU trade policy-making and attempts to bring the Community institutions back in. The paper adds to a growing literature on PA that increasingly looks at the agency side of the PA equation. Empirically, the paper discusses the use of venues for trade regulation and provides insights from the EU–Mercosur negotiations. |
