Regional Trade Agreements and the Neo-Colonialism of the United States of America and the European Union: A Review of the Principle of Competitive Imperialism
The recent proliferation of Regional Trade Agreements (RTAs) in the last two decades raises questions about the paradigm shift from the multilateral trading system of the World Trade Organization (WTO) to bilateral and regional preferential trade arrangements. Even more questionable is the fact that the United States of America (USA) and the European Union (EU), among the other trading powers of the world, are leading the use of RTAs to the detriment and neglect of non-discriminatory trade liberalisation. It has been suggested that neo-colonialism may be the motivation for the use of RTAs by the USA and the EU as their international trade policy of choice within a broader competitive process for imperial domination of their preferential trading partners. This article reviews this suggestion in order to propose an alternative explanation for the RTA practice of the USA and the EU.
KeywordsInternational trade law Bilateral and regional trade liberalisation Preferential trade agreements Imperialism and neo-colonialism Competitive imperialism United States of America/European Union
- Bauer, P.T. 1981. Equality, the third World and economic delusion. Cambridge: Harvard University Press.Google Scholar
- Bhala, R. 2008. International trade law: Interdisciplinary theory and practice. 3rd ed. New York: Lexis Nexis.Google Scholar
- Bhala, R. 2000. The bananas war. McGeorge Law Review 31(4): 839–971.Google Scholar
- Davey, W.J. 2006. The WTO: Looking forwards. Journal of International Economic Law 9(1): 3–29.Google Scholar
- Finger, M.J. 2007. Trade negotiations and developing countries negotiating trade: Developing countries in the WTO and NAFTA. World Trade Review 6(1): 135–148.Google Scholar
- Goldsmith, E. 1997. Development as colonialism. The Ecologist 27(2): 69–76.Google Scholar
- Marushkin, B. 1975. The American tradition: What remains? From war for independence to neo-colonialism. Moscow: Novosti Press Agency Publishing House.Google Scholar
- Regional Trade Agreements Section, World Trade Organization. 2011. Regional trade agreements. Regional trade agreements gateway. http://www.wto.org/english/tratop_e/region_e/region_e.htm. Accessed 1 December 2011.
- Schoonover, T.D. 1998. Germany in central America: Competitive imperialism, 1821–1929. Tuscaloosa: University of Alabama Press.Google Scholar
- van Aaken, A, and J. Kurtz. 2009. Prudence or discrimination? Emergency measures, the global financial crisis and international economic law. Journal of International Economic Law 12(4): 859–894.Google Scholar
- Whitt, J.A. 1996. The mexican peso crisis. Economic Review 81(1): 1–20.Google Scholar