A Social Dimension for Transatlantic Economic Relations

Global Policy Institute Policy Report (London Metropolitan University)

20 Pages Posted: 12 Apr 2010

See all articles by Lance Compa

Lance Compa

Cornell University - School of Industrial and Labor Relations

Michele Faioli

Università Cattolica

Date Written: February 2010

Abstract

Transatlantic Economic Relations (TER) was neglected by politicians for much of the twentieth century as international security issues took priority. Since the end of the Cold War, however, and as economic issues have come to prominence TER has assumed increasing importance and yet is largely overlooked in academic discussion. This report places TER in its historical context and demonstrates how the political agenda and institutional setup are both largely dysfunctional. Viewed through the prism of industrial relations and drawing on some real life examples from both sides of the Atlantic, it argues that the social dimension is a challenge central to the future development of the relationship and proposes institutional innovations which could also be replicated in other areas: for instance in support of environmental concerns. Presenting some guiding principles for transatlantic trade, this paper recommends the creation of a new secretariat to act as a permanent contact point and providing a variety of practical functions essential to making TER work.

Keywords: Transatlantic Economic Relations

Suggested Citation

Compa, Lance and Faioli, Michele, A Social Dimension for Transatlantic Economic Relations (February 2010). Global Policy Institute Policy Report (London Metropolitan University), Available at SSRN: https://ssrn.com/abstract=1588030 or http://dx.doi.org/10.2139/ssrn.1588030

Lance Compa (Contact Author)

Cornell University - School of Industrial and Labor Relations ( email )

293 Ives Hall
Ithaca, NY 14853-3901
United States
607-255-7314 (Phone)

Michele Faioli

Università Cattolica ( email )

Largo A. Gemelli 1
Milan, 20123
Italy

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