In this timely volume, Nicholas Gianaris examines trade and
investment relations and related economic policies as they affect
development trends in Europe and the United States. Particular
emphasis is placed on the potential effects on the historical ties
between the United States and Europe of such developments as the
integration of Western Europe in 1992, the rapid opening of Eastern
Europe, German reunification, and the potential for stronger
economic cooperation in North America. Gianaris examines the impact
of these issues on a wide range of economic matters including the
relationship between the private and public sectors, the openness
of markets, the degree of industrialization, fiscal and monetary
policy, business regulation and taxation, joint ventures, and
mergers and acquisitions.
Following an introductory overview, Gianaris reviews historical
trends in the economic relations between the European Community and
the United States, especially the intensive postwar efforts at
European integration which followed, to some extent, the successful
example of the United States. The next two chapters address the
similarities in economic organizations and related fiscal and
monetary policies as they affect trade and other financial
transactions between the European Community and the United States.
Gianaris goes on to examine in more detail trade and investment
relations, including such issues as capital flows and currency
realignment, as well as the growing phenomena of transatlantic
joint ventures and acquisitions. The final chapter assesses
relations with the dramatically changing Eastern European countries
and the expected results of the unification of Germany. Students
and scholars in international trade and finance will find this
analysis of current and potential future economic relations between
the United States and the European Community enlightening
reading.
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