Bruegel

Global economics and governance

Coordinator: André Sapir

Contributors: Zsolt Darvas, Jean Pisani-Ferry, André Sapir, Nicolas Véron, Reinhilde Veugelers, Guntram Wolff, Ignazio Angeloni, Henrik Horn, Shahin Vallée, Jürgen von Hagen 

External contributors: Thilo Hanemann, Team from CEPII (Paris) led by Agnès Bénassy-Quéré

The interactions between Europe and the international economy are manifold. The crisis of the euro area has been an opportunity for the world to discover the importance of interdependence in the same way the financial crisis of 2007-2008 highlighted the magnitude of spillovers from the US onto the rest of the world. In 2011 research at Bruegel concentrated on three domains: global economic, monetary and financial governance; the reform of the international monetary system; and interdependence in the new global context. In 2012, Bruegel will continue to devote a fair share of its resources to analyzing developments in the world economy, with special attention to the interactions between, on the one side, European (or European-based) actors and, on the other side, global actors and actors located in the EU’s neighbourhood. The three main lines of research will be global governance, Asia, and the relations between the EU and major regional players.