The European Union in the G8: Promoting Consensus and Concerted Actions for Global Public Goods
An eminent international line up of experts in law, political science, economics and history examine the dynamics of the European Union’s (EU) development as a collective member of the G8 and G20. Each contribution provides a methodical and much needed insight into the external and internal factors influencing this evolvement process, the options for these institutions to reform and collaborate and future role of the EU in this new system of institutions.
The role of the EU as a model for global institutions
This chapter examines the EU’s contribution to global governance, in large part by focusing on its evolving role in the G8. Covering the period from 1998 to 2008, it picks up where the earlier studies left off. It thus reflects the EU’s changing identity as a global player following the 1997 signing of the Treaty of Amsterdam, the birth and development of the European Security and Defence Policy and the European Security Strategy, the enlargement that increased its representative weight in international institutions, and the further extension of its competencies, as well as the changing world order. It presents the findings from a functional analysis of EU and G8 contributions in four areas of comparison: the performance of global governance functions, the definition of global agenda priorities, the promotion of shared values, and the intensity of the EU’s engagement with international institutions.
The chapter analyzes the concept of global public goods and elaborates on recommendations on the international cooperation aimed at their production and preservation.
The chapter explores international peace and security as the most important global public goods, given their role in creating conditions for sustainable development. The authors take stock of the key problems and contradictions of safeguarding international peace and security and examines the history and future prospects of the EU’s CFSP.
The chapter explores the growing role of knowledge as a factor for development of modern societies. It examines the problems of international cooperation in the field, paying particular attention to initiatives of both the G8 and the EU.