The World Has Changed: Wake Up, Europe!

Mario Baldassarri and Pasquale Capretta

Chapter 1 in The World Economy Towards Global Disequilibrium, 2007, pp 5-7 from Palgrave Macmillan

Abstract: Abstract The first impression that everyone had after having seen, live, the collapse of the Twin Towers was that from then on, the world would never be the same. At first, it was not easy to evaluate the impact that such an event would have on political and economic equilibrium. September 11 will be a watershed in history, dividing what came before from what has come after. Many other elements, since then, have emerged and exploded on the international scene regarding new structures, new phenomena and new risks. Less than five years have gone by and a new world is already looming. Day by day, events are unfolding and can be measured in a way that perhaps was not even imaginable until just recently.

Keywords: Monetary Union; Single Country; Economic Equilibrium; Maastricht Treaty; Single Currency (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59084-7_1

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DOI: 10.1057/9780230590847_1

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