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Europe in a New World Order

Author

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  • Maria Demertzis
  • André Sapir
  • Guntram Wolff

Abstract

The EU is a relatively open economy and has benefited from the global multilateral system. We argue that the EU should defend its strategic interests with three steps. First, it should collaborate with partners around the world in defence of multilateralism. Second, it should establish deeper economic relations with emerging economies. Collaboration in support of the Paris agreement is also essential. Third, the EU must be reformed to increase its external credibility. The Singapore ruling has offered a useful clarification on trade policy. Addressing internal imbalances would also increase external credibility. Finally, strengthening Europe’s social model would provide a counter model to protectionist temptations.
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Suggested Citation

  • Maria Demertzis & André Sapir & Guntram Wolff, 2018. "Europe in a New World Order," ULB Institutional Repository 2013/387029, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:ulb:ulbeco:2013/387029
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    Cited by:

    1. Bucătar Diana Georgiana, 2018. "Globalization and the Reconfiguration of the World Economic Order," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 106-111, December.
    2. Gustaaf Geeraerts, 2019. "The EU-China partnership: balancing between divergence and convergence," Asia Europe Journal, Springer, vol. 17(3), pages 281-294, September.

    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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