Transatlantic Economic Challenges in an Era of Growing Multipolarity: Special Report 22

Transatlantic Economic Challenges in an Era of Growing Multipolarity: Special Report 22

by Jacob Funk Editors Kirkegaard
     
 

View All Available Formats & Editions

Shifts in global economic dominance are by nature tectonic and never precipitated by single events. The Great Recession of 2008-09, however, has presented the European Union, its common currency the euro, and the United States with new global challenges. The transatlantic partnership has dominated the world economy since the early 20th century, and based upon US and

Overview

Shifts in global economic dominance are by nature tectonic and never precipitated by single events. The Great Recession of 2008-09, however, has presented the European Union, its common currency the euro, and the United States with new global challenges. The transatlantic partnership has dominated the world economy since the early 20th century, and based upon US and European values and interests designed and sustained all its principal global political and economic institutions.

But countries outside the European Union and United States now account for about half of the world economy, and in the aftermath of the Great Recession their share is growing rapidly. Hence their increasing role and concomitant demands for greater influence over global economic governance pose a series of challenges and opportunities to the European Union and the United States, as illustrated by the eclipse of the G-8 by the G-20.

The contributions in this volume by subject area experts from the Peterson Institute for International Economics and Bruegel ponder how or whether the rise of outside actors of potentially equal, or even greater, economic weight will invariably force a rethinking of not only how the European Union and the United States should conduct policy externally towards the new rising economic poles, but also of the substantive contents of the EU-US bilateral economic and political relationship.

Product Details

ISBN-13:
9780881326505
Publisher:
Peterson Institute for International Economics
Publication date:
07/15/2012
Series:
Special Report 22
Sold by:
Barnes & Noble
Format:
NOOK Book
File size:
8 MB

Meet the Author

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >