“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.
Head of Project
Prof. Enrico Fardella is Associate Professor of International History and Area Studies at the Department of Social and Human Sciences of the University of Naples "L’Orientale". He is Director of T.wai's ChinaMed Project.
“China’s economic model is structurally dependent on weak domestic consumption and large manufacturing surpluses, generating an intrinsic dependence on external demand. The problem with... Read More
