AMERICA AND EUROPE: GLOBALIZATION AND THE CHANGING GEOSTRATEGIC ENVIRONMENT

This study discusses the post 9/11 events and the changing
geostrategic environment. It does so by drawing on American and
European history. Particular emphasis is placed on external shocks
experienced by America and how such shocks changed the country’s external relations particularly with Europe. It stresses the need to
improve the quality and quantity of information if these relations are
to be mutually productive. This is especially, but not exclusively, the
case in economic and monetary policy, banking, finance and capital
markets. Section II draws on several historical episodes in American and European relations. Section III discusses what is to be done.
Section IV discusses who will do it.