Abstract
The crises in various emerging markets have affected Europe less than other parts of the world economy. This is largely because intra-regional relations dominate foreign trade and direct investment of EU countries. Yet, ongoing economic turbulences involve risks also for Europe.
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References
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The author appreciates comments suggestions by Rolf J. Langhammer and Joachim Scheide.
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Nunnenkamp, P. Europe and the crisis. Intereconomics 34, 10–18 (1999). https://doi.org/10.1007/BF02928967
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DOI: https://doi.org/10.1007/BF02928967