Comparative economics in a changing world and the role of Europe

Marcello Signorelli Enrico Marelli

European Journal of Comparative Economics, 2025, vol. 22, issue 2, 191 - 216

Abstract: In this paper, we briefly discuss the variety of topics and methods of Comparative Economics and how it evolved over time, not only based on new interpretations and paradigms, but also due to new historical facts as well as a rapidly changing economic, institutional, and geopolitical context in the world. Great transformations have occurred in the last decades, especially after the fall of the Soviet Union and the supposed “end of history.” However, history never ends, and we are witnessing profound changes not only in individual countries but also in the international economic order, accompanied by attacks on multilateralism and an evident “slowbalization” in international trade, not to mention the innovations and developments – still largely unpredictable – related to Artificial Intelligence and the so-called Fourth Industrial Revolution. We analyze in particular the delicate position of the European Union, in consideration of its long-run decline as an economic power and its recent failures in acting as a protagonist in a turbulent world; yet its actuality and perspectives should be preserved, also by rediscovering and strengthening its initial values.

Keywords: Comparative economics; Geopolitical changes; New perspectives; EU (search for similar items in EconPapers)
JEL-codes: P0 P50 P51 P52 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:liu:liucej:v:22:y:2025:i:2:p:191-216

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European Journal of Comparative Economics is currently edited by Matteo Migheli, Giovanni Ramello, Koji Domon, Peter Grajzl, David M. Kemme, Alessandro Melcarne, Marcello Signorelli and Richard Watt

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