After a golden age of globalization that lasted until the 2008-2009 economic-financial crisis, the future of the world economy is now uncertain, amidst growing inequalities and, especially, the shifting global balance of power, linked to the rise of Pacific Asia and the new challenges posed by China. The pandemic shock has further accentuated difficulties and disorder. In light of its historic response to the crisis, Europe can play a fundamental role in the world economy. What new scenarios await us? What role will Joe Biden’s America play? This volume provides an indispensable guide to help readers understand events shaping the international economy.

Paolo Guerrieri is visiting professor at the SciencesPo Paris School of International Affairs and the University of San Diego Business School. He formerly taught Economics at the Universities of Rome, Berkeley, Brussels, Barcelona, and Warsaw.