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Though books such as The World Is Flat and China Shakes the World consider them only as individual actors, Emmott argues that these three political and economic giants are closely intertwined by their fierce competition for influence, markets, resources, and strategic...

Not long ago Italy was Europe's highly touted emerging economy, a society that blended dynamism and super-fast growth with a lifestyle that was the envy of all. Now it is viewed as a major threat to the future of the Euro, indeed to the European Union as a whole. Italy's political system is shorn of credibility as it struggles to deal with huge public debts and anemic levels of economic growth. Young people are emigrating in droves, frustrated at the lack of opportunity, while older people stubbornly cling to their rights and privileges, fearful of an uncertain future.

In this...