Globalization is surviving the Covid-19 pandemic far stronger than many anticipated, and European multinationals could come out as unexpected winners.

For years, concerns have been building about Europe’s shrinking share of the world economy and the sense that Europe is falling behind as Asia continues to rise and the US dominates “big tech.” Post-pandemic, Europe is expected to face more slow growth and a mountain of new debt.

Read the full Les Echos article (originally published in French).

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Steven Altman is an Adjunct Assistant Professor in the Department of Management and Organizations and Senior Research Scholar and Director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management