Partners in Prosperity: The Changing Geography of the Transatlantic Economy

Partners in Prosperity: The Changing Geography of the Transatlantic Economy

by Daniel S. Hamilton, Joseph P. Quinlan




One of the most dangerous deficits facing transatlantic relations today is not in trade, payments, or military capabilities. It is a deficit in understanding the vital stake Americans and Europeans have developed in the health of their economic relationship. Globalization is happening faster and reaching deeper between Europe and America than between any other two continents. The transatlantic economy generates roughly $3.5 trillion in total commercial sales a year and employs over 12 million workers in mutually "insourced" jobs. This book maps the increasingly dense web of investment, trade, and jobs that connects Europe's regions to America's states. It traces the impact of NAFTA and EU enlargement on transatlantic economic flows. It tracks intercontinental "connectivity" in the new knowledge economy, and it sets forth areas in which Europe and America continue to be global pathfinders. In the context of today's debates about globalization and transatlantic drift, this book offers some unanticipated and counterintuitive connections that have important policy implications.

Product Details

ISBN-13: 9780975332559
Publisher: Brookings Institution Press
Publication date: 05/12/2004
Pages: 202
Product dimensions: 7.50(w) x 10.00(h) x (d)

About the Author

Daniel S. Hamilton is the Richard von Weizsäcker Professor and director of the SAIS Center for Transatlantic Relations, Johns Hopkins University. He also serves as the director of the American Consortium for EU Studies in Washington, DC. Joseph P. Quinlan is a nonresident fellow at the Center for Transatlantic Relations and an experienced Wall Street analyst.

Table of Contents

List of Figuresv
Executive Summaryxi
Chapter 1The Changing Landscape of the Transatlantic Economy3
Chapter 2Mars, Venus--or Mercury? Commerce Trumps Diplomacy in a Year of War13
Chapter 3The Ties That Bind--Quantifying the Primacy of the Transatlantic Economy21
Chapter 4European Commerce and the 50 States--A State-by-State Comparison29
Chapter 5U.S. Commerce and Europe: A Country-by-Country Comparison91
Chapter 6EU Enlargement and the Transatlantic Economy135
Chapter 7Services and Connectivity in the Transatlantic Economy155
Chapter 8The Continuing Primacy of the Transatlantic Economy163
Notes on Data and Sources199
About the Authors202

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