TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS

Factors and possible consequences of transatlantic integration are elaborated in the article. An overview of the history of transatlantic cooperation is provided. The author highlights the paramount goal of Transatlantic Trade and Investment Partnership (TTIP) - strengthening the positions of its pa...

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Autor principal:	A. A. Sidorov
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2016
Materias:	transatlantic integration transatlantic trade and investment partnership eu usa multilateral trading system wto non-tariff barriers competitiveness economic growth regulations harmonization mutual recognition International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/e846f4e5416a4ad29df8e1211e73636a
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spelling	oai:doaj.org-article:e846f4e5416a4ad29df8e1211e73636a2021-11-23T14:51:01ZTRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS2071-81602541-909910.24833/2071-8160-2016-3-48-249-257https://doaj.org/article/e846f4e5416a4ad29df8e1211e73636a2016-06-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/555https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Factors and possible consequences of transatlantic integration are elaborated in the article. An overview of the history of transatlantic cooperation is provided. The author highlights the paramount goal of Transatlantic Trade and Investment Partnership (TTIP) - strengthening the positions of its parties in the world economy against the backdrop of global competition. Stalemate in Doha round of WTO trade negotiations as well as depressed state of the European economy also contributed to transatlantic integration. Validity of the EU Commission conclusion on TTIP benefits is examined. Results of TTIP econometric modelling are critically assessed. Problems of the EU-US non-tariff liberalization are analyzed. Efficiency of the EU and US labor markets is compared. Low competitiveness of the EU in comparison to the USA and underlying risks for TTIP economic growth and employment are outlined. High unemployment, difficulties of manufacturing (including high-tech industries thereof) recovery, adverse general business situation in the EU are among such risks. Various modes of regulatory cooperation and possibility of their adoption in TTIP are considered. Harmonization, erga omnes mutual recognition of regulations, bilateral mutual recognition of regulations, mutual recognition of conformity testing are distinguished. Possible implications of the modes of regulatory cooperation on TTIP members competitiveness, competition with emerging economies and global standard setting are examined. Conflict of TTIP goals and motivations is revealed. The existence of economic factors of transatlantic integration as well as overestimation of TTIP benefits (primarily for the EU economy) is concluded.A. A. SidorovMGIMO University Pressarticletransatlantic integrationtransatlantic trade and investment partnershipeuusamultilateral trading systemwtonon-tariff barrierscompetitivenesseconomic growthregulationsharmonizationmutual recognitionInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 3(48), Pp 249-257 (2016)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	transatlantic integration transatlantic trade and investment partnership eu usa multilateral trading system wto non-tariff barriers competitiveness economic growth regulations harmonization mutual recognition International relations JZ2-6530
spellingShingle	transatlantic integration transatlantic trade and investment partnership eu usa multilateral trading system wto non-tariff barriers competitiveness economic growth regulations harmonization mutual recognition International relations JZ2-6530 A. A. Sidorov TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
description	Factors and possible consequences of transatlantic integration are elaborated in the article. An overview of the history of transatlantic cooperation is provided. The author highlights the paramount goal of Transatlantic Trade and Investment Partnership (TTIP) - strengthening the positions of its parties in the world economy against the backdrop of global competition. Stalemate in Doha round of WTO trade negotiations as well as depressed state of the European economy also contributed to transatlantic integration. Validity of the EU Commission conclusion on TTIP benefits is examined. Results of TTIP econometric modelling are critically assessed. Problems of the EU-US non-tariff liberalization are analyzed. Efficiency of the EU and US labor markets is compared. Low competitiveness of the EU in comparison to the USA and underlying risks for TTIP economic growth and employment are outlined. High unemployment, difficulties of manufacturing (including high-tech industries thereof) recovery, adverse general business situation in the EU are among such risks. Various modes of regulatory cooperation and possibility of their adoption in TTIP are considered. Harmonization, erga omnes mutual recognition of regulations, bilateral mutual recognition of regulations, mutual recognition of conformity testing are distinguished. Possible implications of the modes of regulatory cooperation on TTIP members competitiveness, competition with emerging economies and global standard setting are examined. Conflict of TTIP goals and motivations is revealed. The existence of economic factors of transatlantic integration as well as overestimation of TTIP benefits (primarily for the EU economy) is concluded.
format	article
author	A. A. Sidorov
author_facet	A. A. Sidorov
author_sort	A. A. Sidorov
title	TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
title_short	TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
title_full	TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
title_fullStr	TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
title_full_unstemmed	TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS
title_sort	transatlantic integration and developed countries competitiveness problems
publisher	MGIMO University Press
publishDate	2016
url	https://doaj.org/article/e846f4e5416a4ad29df8e1211e73636a
work_keys_str_mv	AT aasidorov transatlanticintegrationanddevelopedcountriescompetitivenessproblems
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TRANSATLANTIC INTEGRATION AND DEVELOPED COUNTRIES COMPETITIVENESS PROBLEMS

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