Transatlantic Economic Challenges in an Era of Growing Multipolarity

June 15, 2012|
Transatlantic Economic Challenges in an Era of Growing Multipolarity by Jacob Funk Kirkegaard
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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.

Jacob Funk Kirkegaard, senior fellow, has been associated with the Institute since 2002. Before joining the Institute, he worked with the Danish Ministry of Defense, the United Nations in Iraq, and in the private financial sector. He is a graduate of the Danish Army''s Special School of Intelligence and Linguistics with the rank of fir...
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Title:Transatlantic Economic Challenges in an Era of Growing MultipolarityFormat:PaperbackProduct dimensions:416 pages, 9 X 6 X 0 inShipping dimensions:416 pages, 9 X 6 X 0 inPublished:June 15, 2012Publisher:Peterson Institute for International EconomicsLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0881326453

ISBN - 13:9780881326451

Appropriate for ages: All ages

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