1st Edition

Understanding the New Global Economy A European Perspective

By Harald Sander Copyright 2022
    254 Pages 56 B/W Illustrations
    by Routledge

    254 Pages 56 B/W Illustrations
    by Routledge

    Understanding the New Global Economy: A European Perspective argues that globalisation is facing economic and political headwinds. A new global economic geography is emerging, cross-border relationships are changing, and global governance structures must come to terms with a new multipolar world.


    This book clarifies the fundamental questions and trade-offs in this new global economy, and gives readers the tools to understand contemporary debates. It presents a range of possible policy options, without being prescriptive.


    Following a modular structure, each chapter takes a similar approach but can also be read as a stand-alone piece. State-of-the-art academic research and historical experiences are weaved throughout the book, and readers are pointed towards relevant sources of information .


    This text is an accessible guide to the contemporary world economy, suited to students of international economics, political economy, globalisation, and European studies. It will also be valuable reading for researchers, professionals, and general readers interested in economics, politics, and civil society.

    1. Introduction, 2. Global Production, 3. Global Trade, 4. Global Investment, 5. Global Intangibles, 6. Global Money and Finance, 7. Governance in the New Global Economy


    Harald Sander is Professor of International Economics and has been awarded the Jean Monnet Chair "Europe in the Global Economy" at TH Köln, University of Applied Sciences, Germany. He also holds a position as Professor of Economics at Maastricht School of Management.

    A comprehensive and accessible guide on global and European economic affairs; an essential text outlining the underpinnings of current debates on globalisation, digitalisation, and sustainability; a must read for students, executives, and policy makers.

    Iftekhar Hasan

    University Professor and E. Gerald Corrigan Chair in International Business and Finance, Fordham University, USA

    This book, based on a masterful analytical survey viewed from European perspective, gives update on the structural changes in the global economy. It is a "must" reading for both specialists and nonspecialists interested in the global economy to understand the multi-polarized New Global Economy emerging in the 21st century.

    Kwan S. Kim

    Emeritus Professor of Economics, Kellogg Institute for International Studies and Fellow, Liu Institute for Asian Studies, University of Notre Dame, USA.

    European integration is Globalisation – writ small and large. Small, though not that small, given its regional dimension. Large, since it allows for a significantly deeper integration and embedding of markets. Harald Sander, in most accessible ways, provides his readers with the data and the tools to understand what is happening around them. A most impressive achievement!

    Hans-Helmut Kotz

    Resident Fellow, Center for European Studies, Harvard University, USA; Former Member of the Executive Board of Deutsche Bundesbank

    This tour-de-force book provides an analytical framework and essential information for the readers to make their own judgement for the future of globalisation. A must read in the current uncertain world economy.

    Justin Yifu Lin

    Professor, Peking University; Former Chief Economist, the World Bank