This paper applies power transition theory to EU’s future as a global power. It assesses economic and political/strategic capabilities of the EU vis-à-vis other global contenders as Transatlantic Alliance is challenged by rising powers in the east - China and India. Analysis includes simulations of how structural reforms (i.e fiscal union) and membership enlargement(s) are likely to affect EU’s ability to achieve its goal of becoming a global actor.
Yeşilada, Birol A. and Tanrikulu, Osman Goktug, "Global Power Transition and the Future of the European Union: Will EU Leaders Stop Missing Key Opportunities?" (2015). Political Science Faculty Publications and Presentations. 40.