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Transatlantic Economic Challenges in an Era of Growing Multipolarity (Paperback)
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Transatlantic Economic Challenges in an Era of Growing Multipolarity (Paperback)
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Total price: R663
Discovery Miles: 6 630
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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, has 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.
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