Europe will survive the “short-term” struggles it is currently facing, World Economic Forum (WEF) founder, Klaus Schwab, wrote in his new book The Re-emergence of Europe.
The book by the German economist, published Friday, tackles Europe’s current crisis of leadership and how it may survive its economic struggles.
The 87-page book examines the different prospects for overcoming Europe’s current short-term struggles as well as the various models that have been put forward to save the European Union from its current political gridlock.
“In situations of crisis, the absence of common values leads to populism and radicalism,” writes Schwab, a former business school professor.
Schwab evaluates a future strategy for Europe based on an ability to compete in a fast-changing world which is increasingly defined by four forces: interdependency, complexity, velocity and transparency.
In the book’s conclusion, the author explains that Europe will prevail with its core strengths which include the high human capital stock and strong governance helping to support sustainable economic, social and environmental changes.
“Europe will survive and its currency will remain intact, even if in a truncated form. After a crisis of several years, I believe that the European momentum will begin to grow again and will even surprise us positively,” he concluded.
Schwab founded the WEF in 1987 and has since then been committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas.