Assessing the stability of EU countries in international chemical trade (2016–2021) : insights from the state-corporation hegemonic stability theory

Abstract

PURPOSE: The purpose of this paper is finding a stability of positions of particular EU states on exports and imports of chemicals and related products. The research method is a describing political-economic analysis which bases on statistical data.

DESIGN/METHODOLOGY/APPROACH: The design is finding the rules of the production and international trade of chemicals and related products according to the State-corporation Hegemonic Stability Theory. Author proves that less developed countries are subordinated to the collective global hegemony of state-powers and biggest transnational corporations. Therefore, the modern and low-emission production of chemicals is located in high developed countries, while dangerous and toxic production is realized in less developed states.

FINDINGS: Stable positions of EU particular states in international trade of chemicals and related products.

PRACTICAL IMPLICATIONS: The result can be considered to elaborate the short-term and long-term EU trade policy.

ORIGINALITY/VALUE: Original research paper.