RULE-SET DUELS AND DUAL RULE SETS MAKE FOR CORE CONFLICT<\/b><\/p>\n
The Belmont Club<\/a> has a two part essay ” The World Standard” on the quiet but important battle over Rule-Sets going on between the EU and the United States that is occurring, in Wretchard’s words ” mostly under the radar”. ( Part I<\/a>. and Part II<\/a>.) As always, Wretchard is thoughtful and provocative<\/p>\n The attempt by the EU to use novel and arbitrary standards to establish non-tariff barriers violates the WTO agreement and they will, when these barriers become pervasive enough, face potential WTO sanctions. There are three possible outcomes at such a juncture:<\/p>\n The EU Rule-Set may get- properly in my view- trumped by the Meta-Rule-Set for Globalization epitomized by the WTO and the EU will back down under threat of sanction the way the Bush administration did over steel tariffs<\/a>. A happy ending that reaffirms Connectivity, Core unity and the WTO as an honest broker and guardian of Globalization.<\/p>\n The WTO may uphold some or all of the EU’s higher standards, legitimizing the use of non-tariff barriers and setting off a situation not only of Dual Rule-Sets but openly dueling Rule-Sets within the Core. A peaceful but intense diplomatic-legal struggle that will aggravate other tensions within the Atlantic World and demonstrate that the WTO is moving away from it’s founding principles to become an agent to ” manage” or ” slow ” Globalization.<\/p>\n The WTO may sanction the EU and the EU defiantly embarks on a trade war, becoming a rival protectionist bloc. Unlikely you say ? I agree but not if the choice meant conforming to a global Rule-Set that will make the generous welfare state – democratic socialism of the EU’s member states subject to the kind of market competition that would cause a slashing of domestic budgets. I can’t say if the Euros would still fight for king and country but I’m pretty sure the French will go to the wall for their 11 week vacations.<\/p>\n In the meantime Dual Rule -Sets can only coexist for so long before they become Dueling Rule-Sets, sparking division within the Core.<\/p>\n UPDATE: Praktike on QIZ Rule-Sets <\/a>( Hat Tip to Glittering Eye<\/a>)<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" RULE-SET DUELS AND DUAL RULE SETS MAKE FOR CORE CONFLICT The Belmont Club has a two part essay ” The World Standard” on the quiet but important battle over Rule-Sets going on between the EU and the United States that is occurring, in Wretchard’s words ” mostly under the radar”. ( Part I. and Part […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-973","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zenpundit.com\/index.php?rest_route=\/wp\/v2\/posts\/973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zenpundit.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zenpundit.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zenpundit.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zenpundit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=973"}],"version-history":[{"count":0,"href":"https:\/\/zenpundit.com\/index.php?rest_route=\/wp\/v2\/posts\/973\/revisions"}],"wp:attachment":[{"href":"https:\/\/zenpundit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zenpundit.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zenpundit.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}