Europe’s Place in the Global Economy – What does the last half century suggest for the future?
Authors: Mikkel Barslund and Daniel Gros
Series: CEPS Researchers’ work published externally No. of pp: 7 pp
Mikkel Barslund and Daniel Gros contributed a policy analysis to the Forum section of Intereconomics (Vol. 51, No. 1, January/February 2016), which looks at salient developments in the EU over the last half century. It can be downloaded at https://www.ceps.eu/system/files/IEForum12016_2.pdf
In their contribution, Barslund and Gros look back 50 years to a time when global trade in manufacturing was dominated by the US and a handful of European economies. China was closed, India seemed a basket case and most of Africa had only recently become independent. Against this background, they describe some of the major developments in the global economy and provide an outlook for the medium-term future until 2030. They assess broad demographic trends for major regions of the world and look at GDP growth and trade, before turning their attention to human capital and innovation.
Mikkel Barslund is Research Fellow at CEPS and co-editor of Intereconomics. Daniel Gros is Director of CEPS.