“In a world in which China is determined to expand its domination of global manufacturing, and the US is determined to revive its manufacturing sector, an increase in the value of the euro and a rise in net capital inflows will weaken both domestic and foreign demand for European goods and accommodate a rise in the US-China share of global manufacturing through a reduction in the EU share.”

Enrico Fardella (T.wai & University of Naples “L’Orientale”) and Michael Pettis (Carnegie Endowment for International Peace) are authors of the article “How Europe can harness its economic power” for Engelsberg Ideas.

Enrico Fardella

Head of Project

Enrico Fardella is Director of the ChinaMed Project developed by the TOChina Hub, an integrated academic platform of the University of Turin, T.wai and ESCP Business School. He is Associate Professor at the University of Naples “L'Orientale” and Visiting Scholar at John Cabot University.