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The European Union, the United States and China Main Actors in the Global Economy

Author

Listed:
  • Ion Botescu

    („Ovidius†University of Constanta)

Abstract

Due to their geographical position, the EU, the United States/US and China benefit from the fact that they have had the opportunity to structure their own economic influence areas, including from the perspective of securing raw materials and energy sources. Furthermore, there are broad relations, including trade relations between the EU, the US and China, a process determined by the increasing globalization of the world/global economy. The purpose of this paper was to highlight the role that the EU, the US and China play within the global economy. The complex challenges faced by the world today call for the active involvement of the three great powers in solving the problems that have arisen. The EU, the US and China must take into account their own interests, as well as the interests of the other countries, and they must have the ability to look to the future responsibly and generously.

Suggested Citation

  • Ion Botescu, 2021. "The European Union, the United States and China Main Actors in the Global Economy," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 79-85, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:79-85
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    More about this item

    Keywords

    economic pillars; economic growth; geopolitical powers; global economy; competitiveness;
    All these keywords.

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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