21. Drifting Apart or Growing Together?
- Author:
- Joseph P. Quinlan
- Publication Date:
- 03-2003
- Content Type:
- Working Paper
- Institution:
- Center for Transatlantic Relations
- Abstract:
- One of the defining features of the global economic landscape over the past decade has been the increasing integration and cohesion of the transatlantic economy. Globalization is happening faster and reaching deeper between Europe and America than between any other two continents. The data in this study suggest that the past decade was not primarily about U.S. companies spreading their operations to the four corners of the globe. Rather, it was a time when the transatlantic economy became even more intertwined and interdependent. Failing to understand this dynamic can lead to serious errors of policy and cause significant damage to U.S. and European interests.
- Topic:
- Economics, Globalization, and Political Economy
- Political Geography:
- United States, America, and Europe