For nearly all EU member states, trade with other member states is decreasing as a share of total trade. Intra-EU exports have declined as a share of the EU’s overall exports from 68 percent in 2000 to 63 percent in 2014. This shift away from intra-EU trade raises difficult questions about the future of European integration.
EU member states are becoming more dependent on trade with, and investment from, non-Western powers for growth – a development that is being strengthened by the response to the eurozone crisis. The Eurozone “core” will increasingly rely on non-Western powers as export markets, while the …read more
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