Over the past fifteen years, Europe’s economic position has deteriorated significantly. In 2008, Europe’s GDP was roughly equal to that of the United States, with both accounting for about 25% of global GDP. However, today, the U.S. economy has surpassed $26 trillion, while Europe’s total GDP has shrunk to just over half of that. This … Continue reading The Decline of Europe’s Economy and the Shifting Global Economic Order: A Case of Institutional and Strategic Missteps →