Globalizing Europe

"Globalizing Europe" examines the involvement of the European Union in the deepening integration that results as trade and transnational production link markets and economic systems across the world. This process is posing a unique challenge to European decision-makers to implement measures that will maximize the benefits and reduce the costs of globalization. As Europe expands and becomes more integrated it is being obliged to assume greater control over the development of its external economic relations. To effect this, the authors suggest proposals for the planning and implementation of major intiatives that could ensure greater stability in the world economy. Because of the magnitude of the economic bonds developing between the EU and the USA, special attention is paid to the trends and issues associated with the evoluion of Atlantic relations. One of the greatest challenges the authors highlight, and a theme implicit throughout the book, is that the EU's external problems may receive inadequate attention due to the complexities of its decision processes. EU level decision making may become more introspective rather than global in outlook. Combining firm, industry, regional and country levels of analysis with the diverse and provocative views of the authors, this book should be valuable reading for scholars of international economics, international political economy, and international business and finance.