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The Changing Global Economy: Roles Of The United States And The European Union In The Evolving Context

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  • Joseph McKinney

    () (Baylor University)

Abstract

The United States and the countries comprising the European Union have dominated the global economy during the past seventy years. However, momentous change is underway. China will soon be the largest economy in the world, and other countries of the developing world are rapidly increasing in economic importance. Meanwhile, the European Union is experiencing slow growth and the United States is struggling with serious economic problems. This paper considers how the transatlantic economic relationship is likely to be affected by these circumstances, and how the US and the EU can best work together to facilitate smooth transitions in the global economy.

Suggested Citation

  • Joseph McKinney, 2014. "The Changing Global Economy: Roles Of The United States And The European Union In The Evolving Context," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 57-68.
  • Handle: RePEc:ura:ecregj:v:1:y:2014:i:4:p:57-68
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    References listed on IDEAS

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    1. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563.
    2. Peter A. Petri & Michael Plummer, 2012. "The Trans-Pacific Partnership and Asia-Pacific Integration: Policy Implications," Policy Briefs PB12-16, Peterson Institute for International Economics.
    3. Brett D. Berger & Robert F. Martin, 2011. "The growth of Chinese exports: an examination of the detailed trade data," International Finance Discussion Papers 1033, Board of Governors of the Federal Reserve System (U.S.).
    4. Arvind Subramanian, 2011. "Eclipse: Living in the Shadow of China's Economic Dominance," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6062.
    5. World Bank, 2013. "Global Development Horizons : Capital for the Future - Saving and Investment in an Interdependent World," World Bank Publications, The World Bank, number 13431, September.
    6. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685.
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