The Integration Conundrum
Faced with major economic challenges and afflicted by a pervasive sense of decline, the US and the EU are falling victim to the very openness that they have promoted for decades. But, rather than pursuing the needed structural reforms, they are launching free-trade negotiations – a move that both sides may come to regret.
CAMBRIDGE – Europe and the United States have rarely mirrored each other as closely as they do now. Faced with major economic challenges and afflicted by a pervasive sense of decline, they are falling victim to the very principles of global openness and integration that they have promoted for decades. But, rather than attempting to delay further progress toward interdependence, the US and the European Union are in the early stages of free-trade negotiations – a move that both sides may come to regret.
CAMBRIDGE – Europe and the United States have rarely mirrored each other as closely as they do now. Faced with major economic challenges and afflicted by a pervasive sense of decline, they are falling victim to the very principles of global openness and integration that they have promoted for decades. But, rather than attempting to delay further progress toward interdependence, the US and the European Union are in the early stages of free-trade negotiations – a move that both sides may come to regret.