Two years after the worst economic crisis since the great depression, economic growth has resurfaced across the world, but with significant variation. This timely book illustrates that although mature economies (the EU in particular) are still confronting sluggish economic performance, emerging markets seem to have fully recovered. It explores the reform of global economic governance after the crisis and, in this context, addresses the role of the EU and its economic prospects for the coming decade. The expert contributors provide analyses, insights and policy recommendations that match short-term interventions with long-term policies to encourage sustainable, balanced growth within the framework of reformed global economic governance. Focusing on the EU in particular, they indicate and prescribe tools and mechanisms with which to enhance growth potentials in Europe and the Eurozone. The 'Europe 2020' objectives are evaluated, including global burden-sharing and trade-related aspects of climate change targets, and US-China relations and the prospects of transatlantic partnership are also explored. This book will prove essential reading for academics and researchers focusing on both European and international economics as well as European studies. Civil servants, government officials, international think-tanks, and EU research centres will also find much to interest them within this book.