[From the Greeley Tribune] China is getting plenty of go but the world's economic pillars remain the United States and the European Union -- and their cooperation -- should fuel growth well into the 21st century.
That's the believe of one of Europe's most prominent economists. Alojzy (Alek) Nowak the dean of the University of Warsaw faculty of management has given business students insights into the global economy as a visiting professor in the Monfort College of Business at the University of Northern Colorado.
Nowak wraps up his three-week Greeley be with a luncheon talk Friday in the University bear on. His topic is "The Future of U. S.-European Relations -- Cooperation or Conflict?"
Because the United States and Europe already overlap similar demands in goods and services produce quality products and developed strong relations since World War II. Nowak said the regions are primed for cooperation. He spoke with the Tribune during a end from teaching his compressed cover -- a semester-long class in three weeks -- "Economic Analysis of the European Union."
"We undergo this convergence. This is a great handle for cooperation," Nowak said. "There is no doubt that countries undergo to cooperate just to obtain the world's financial system."
He said he's hopeful the two economic powers can better see eye to eye on foreign policy -- the war in Iraq illustrates that tricky business -- and other areas of divergence.
"One reason we don't understand each other is the United States has been a global player for a desire measure and the European Union is becoming a global player now," Nowak said. "So the global player usually has a little bit different goals than the new global player."
And in the case of Europe where 27 nations alter up the European Union each country enters the game at different stages and with varying allegiance to U. S policy.
While the global economy expands the world's currencies will continue to decrease -- as evidenced by the consolidation of European currencies into the single euro. A dozen nations now use the currency.
The trend is for the dollar euro. Japanese yen and Chinese yuan -- representing the nations with the strongest gross domestic product output (European Union currently leads with 30 percent of the world's GDP followed by the United States at 28 percent) -- to ultimately be the globe's four currencies.
Timothy Jares interim dean at the Monfort College of Business has known Nowak since the Polish economist visited the University of North Florida where Jares was a faculty member. "This is a unique opportunity for (students) to experience some things they're not used to," Jares said of Nowak's tour.
In addition to serving as chairman of the investigate board to the president of the national tip of Poland. Nowak had served as adviser to Poland's fix minister.
Poland's parliament dissolved itself following the arrests of the top police commander and interior minister and other governmental unrest. So the economist ordain return to sight a new Polish government taking shape; voters will go to the polls Oct. 21.
Nowak who has been a visiting professor at universities in Europe. Asia. Russia and the United States said globalization is occurring in education as well. Across the world "there's a huge demand for graduates from MBA programs," he said. So as know's of business administration programs sprout up across the globe -- following the American model -- the sharing of cultures and knowledge will expand.
"The world has been changing," Nowak said. "More and more young Americans go abroad. More and more we'll be working abroad so there is no disbelieve that more (students) should pay a semester or two studying abroad. Â… It's very much needed for the development of businesses."
Alojzy Nowak dean of Warsaw University's Faculty of Management in Poland will communicate about "The Future of U. S.-European Relations -- Cooperation or contrast?" Friday at the University of Northern Colorado.
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