The Political Economy of Transatlantic Relations: Forces of History and the Shadow of the Future

  • Michael H. Smith


This chapter focuses on the ways in which the political economy of transatlantic relations both reflects and affects the development of the transatlantic security ‘core’ constituted by NATO. In a sense, the argument here takes the emphasis away from NATO itself and the provision of ‘hard security’ through the Alliance and through concrete military measures. In place of such concerns, I argue that a rounded analysis of the transatlantic ‘security community’ requires explicit attention to the political economy of competition and integration, including both the diplomacy of economic relations within NATO and the generation of ‘economic security’.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
    The argument in this section is a revised and developed version of parts of an earlier piece by the same author: M. Smith, ‘European Integration and American Power: Reflex, Resistance and Reconfiguration’, in D. Slater and P. Taylor (eds.): The American Century: Consensus and Coercion in the Projection of American Power (Oxford: Blackwell, 1999), pp. 136–48.Google Scholar
  2. 2.
    See the arguments in (for example) D. Calleo and B. Rowland: America and the World Political Economy: Atlantic Dreams and National Realities (Bloomington and London: Indiana State University Press, 1973).Google Scholar
  3. 3.
    M. Hogan: The Marshall Plan: America, Britain and the Reconstruction of Western Europe, 1947–1952 (Cambridge: Cambridge University Press, 1987); S. Hoffmann and C. Maier (eds.): The Marshall Plan: A Retrospective (Boulder, CO: Westview Press, 1984); A. Milward: The Reconstruction of Western Europe, 1947–52 (London, Methuen, 1984).CrossRefGoogle Scholar
  4. 4.
    G. Treverton: Making the Alliance Work: The United States and Western Europe (London, Macmillan, 1985), ch. 5.CrossRefGoogle Scholar
  5. 6.
    R. Rosecrance (ed.): America as an Ordinary Country (Ithaca, NY: Cornell University Press, 1976); J. Chace and E. Ravenal (eds.): Atlantis Lost: The United States and Europe after the Cold War (New York: New York University Press, 1976); R. Vernon: ‘Rogue Elephant in the Forest: an Appraisal of Transatlantic Relations’, Foreign Affairs, 51 (1973), pp. 573–87.Google Scholar
  6. 7.
    Rosecrance: America as an Ordinary Country; D. Calleo: ‘The European Coalition in a Fragmenting World’, Foreign Affairs, 54 (1975), pp. 98–112.CrossRefGoogle Scholar
  7. 8.
    D. Calleo: Beyond American Hegemony: the Future of the Western Alliance (New York: Basic Books, 1987), ch. 6; M. Smith: ‘From the “Year of Europe” to a Year of Carter: Continuing Patterns and Problems in Euro-American Relations’, Journal of Common Market Studies, 17 (1978), pp. 26–44.Google Scholar
  8. 9.
    P. Kennedy: The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 (London: Unwin Hyman, 1988).Google Scholar
  9. 11.
    J. Peterson: Europe and America in the 1990s: Prospects for Partnership (2nd edn., London: Routledge, 1996); M. Smith: ‘Competitive Cooperation and EU–US Relations: Can the EU be a Strategic Partner for the United States in the World Political Economy?’ Journal of European Public Policy, 5 (1998), pp. 561–77.Google Scholar
  10. 12.
    Treverton: Making the Alliance Work, ch. 5; S. Lunn: Burden-Sharing in NATO (London: Routledge, 1983); Peterson: Europe and America in the 1990s, ch. 7.Google Scholar
  11. 14.
    M. Brown and J. Rosati: ‘The Reagan Administration and Economic Interdependence: Turbulent Relations with the EC, International Journal, XLII (1987), pp. 438–72.Google Scholar
  12. 15.
    R. Rummel (ed.): The Evolution of an International Actor: Western Europe’s Growing Self-Assertiveness (Boulder, CO: Westview Press, 1991).Google Scholar
  13. 16.
    M. Smith: ‘The United States and Western Europe: Empire, Alliance and Interdepedence’, in A. McGrew (ed.): The United States in the Twentieth Century: Empire (London: Hutchinson/Open University, 1996), pp. 97–136; M. Smith, ‘Competitive Co-operation in EU-US Relations’.Google Scholar
  14. 20.
    S. Woolcock: Western Policies on East-West Trade (London: Routledge, 1982)Google Scholar
  15. 21.
    D. Allen and M. Smith: ‘External Policy Developments’, in N. Nugent (ed.): The European Union 1996: Annual Review of Activities (Oxford: Blackwell, 1997), pp. 73–93; D. Allen and M. Smith: ‘External Policy Developments’, in G. Edwards and G. Wiessala (eds.): The European Union 1997: Annual Review of Activities (Oxford: Blackwell, 1998), pp. 69–91.Google Scholar
  16. 22.
    M. Smith and S. Woolcock: The United States and the European Community in a Transformed World (London: Pinter, 1993), ch. 1–2; Peterson: Europe and America in the 1990s, Part III.Google Scholar
  17. 25.
    M. Smith: ‘The United States and Western Europe’; J. Wiener (ed.): The Transatlantic Relationship (London: Macmillan, 1996).Google Scholar
  18. 28.
    B. Hocking and M. Smith: Beyond Foreign Economic Policy: the United States, the Single European Market and the Changing World Economy (London: Cassell/Pinter, 1997).Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2001

Authors and Affiliations

  • Michael H. Smith

There are no affiliations available

Personalised recommendations