PART I: WILL THE 21ST CENTURY BE THE END OF WESTERN LEADERSHIP AND POWER? WHAT WILL THE NEW WORLD AND NEW GOVERNANCE BE LIKE? -- 1. Views from International Institutions -- 1.1. Global Economy Outlook and Risks; Emilio Rossi -- 1.2. Long Term Growth of the Global Economy; Paul Van den Noord -- 1.3. The Success of Emerging and Developing Economies: Faster Growth in the Next Decades but ⁵it's a Very Bumpy Road; Carlo Cottarelli -- 1.4. Capital for the Future: Saving and Investment in an Interdependent World; Maurizio Bussolo -- 1.5. An Initial Summary; Mario Baldassarri -- 2. Area Visions -- 2.1. Why is the US not Growing as Expected and Needed and hat are its Prospects for the Future?; Dominick Salvatore -- 2.2. A Few Reflections on the World Economy as we Look into the Relationship between Emerging and Advanced Countries; Michele Bagella -- 2.3. The Rise of the RMB and its Implications for the International Monetary System; Gao Haihong -- 2.4. The Two-headed Russian Eagle: One Head Will Continue Facing the West and the Euro-Atlantic area; Elena Ananieva -- 2.5. Russia, Europe and the World: a View from an Entrepreneur; Valery A. Fadeev -- 2.6. Egypt: Can the Economy Survive the Political Turmoil?; Samir Radwan -- 2.7. Europe's Need for a Common Mediterranean Area for Growth and Peace; Gavri Bargil -- 2.8. Morocco and the Maghreb Region: Europe is the Number One Priority, but what will Europe be like in the Future?; Hassan Abouyoub -- 2.9. Europe: Who Bears the Burden of Adjustment? So Far, Only Deficit Countries do. Is this Working?; Paulo Guerrieri -- PART II: IS EUROPE OVER OR WILL EUROPE BE THE U.S.E.? -- 3. European Overviews -- 3.1. European Economy Forecasts; John Walker -- 3.2. The Euro Crisis: Two Institutional Reforms; Giorgio Basevi -- 3.3. The Role and Potentiality of EIB, but Feasible Projects are Lacking; Fulceri Bruni Roccia -- 3.4. Europe Faces a Crisis. It is True; However, Europe is a Community of Values and the EU is the World's Biggest Peace Project; Katja Plate -- 4. Area Visions in Europe and for Europe -- 4.1. The Lack of Coordination, Malfunctioning of Markets, Problems in the Public Sector: the Sources of Very Strong Divergencies; Stefano Manzocchi -- 4.2. Five Issues in the European Energy Scenario; Carlo Andrea Bollino -- 4.3. Financial Markets and the Geo-strategic Landscape; Fabio Basagni -- 4.4. European Health Systems in Light of the Economic and Financial Crisis; Paolo De Santis -- PART III: WHERE WILL THE ITALIAN HORNET FLY TO? ON OR OFF? -- 5. Forecasts and Overviews -- 5.1. Medium and Long-term Forecasts for Italy; Mario Baldassarri -- 5.2 - From Nations to Europe, From Europe to Nations: a Two-way Road to Structural Reforms; Marco Magnani -- 5.3. What Should a Relatively Small Regional Economy do to Face a Changing World?; Filippo L.Calciano -- 6. Analysis, Visions, Proposals -- 6.1. Italian Structural Problems Pushing Growth to Zero or Less; Giorgio Di Giorgio -- 6.2. When the Crisis is Over, the Italian Economy and Society Will Appear in a Post-war Scenario; Nicola Rossi -- 6.3. If You Are Not at the Table, You Will be on the Menu; Gustavo Piga -- 6.4. Dominant Labor Policy and Dominant Labor Movement Leaders in Italy; Pietro Ichino -- 6.5. Economic Growth is Urgent, but Attention to the Institutional and Legal Framework is Even More Urgent; Serena Sileoni -- 6.6. Introduction to Angel Investing; Tomaso Marzotto Caotorta.