The new book by Jack Forget and Benoît Mafféï, Director of Research at EDHEC, analyzes how the economic crisis within the European Union almost homothetically reproduces the one affecting the global economy.
In their new book, “Will Europe Survive Globalization?”, Benoît Mafféï and Jack Forget analyze the global economic crisis and its impact on the European Union, while offering readers concrete references like the German financial system crisis and the Anglo-Saxon real estate crisis.
The work starts with the lessons of the Great Depression of the 1930s and then analyzes the partial obscuring of the third oil shock. The impact of the global economic crisis on the European Union, the adoption of the common currency to strengthen competitiveness constraints, and real estate overinvestments are also dissected.
“The growth of several European countries was based on real estate overinvestments that proved to be ex post unprofitable, leading their national banking systems into an inextricable crisis,” explains Benoît Mafféï, author of the book.
Is Europe’s crisis at our doorstep? What are the prospects for the European Union? Are the southern countries the big losers in this crisis? These are some of the questions the authors attempt to answer.
About the authors:
Benoît Mafféï, a graduate of Sciences Po Paris, holds a Doctorate from HEC in Strategy and is Director of Research at EDHEC. Jack Forget, Doctorate and PhD in Management, is President of the International School of Management, a US State Accredited University in New York, Paris, Shanghai, Tokyo (www.ism.edu).
