Europe’s Place in Economic Globalisation

The data show that the EU, which still has a significant weight and influence in the world economy, looks “condemned” to lose them gradually due to the rise of emerging powers and the greater dynamism of the US. The only solution is to strengthen the EU and have it speak with one voice to the rest of the world. We analyse the cases of trade policy and the geopolitics of the euro to illustrate this argument. Finally, we maintain that Europe’s experience with economic integration is a good model for establishing the increasingly necessary rules of play for global economic governance.

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