This insightful book investigates the evolution of the European and global economy from the 1950s to the present day, focusing on the role of the EU in a new global environment where economy and security intersect.Multiple crises such as the COVID-19 pandemic, rising inflation and international conflict have damaged the global economy, highlighting deep structural flaws and setting in motion the ongoing process of fragmentation. Sovereign Europe investigates this phenomenon by summarising the history of Europe’s international economic role, before outlining the economic opportunities now available to Europe as a result of simultaneous environmental and digital transitions. Authors Paolo Guerrieri and Pier Carlo Padoan assess Europe’s position in the new world order, exploring its rivalry with China and relations with the Global South, arguing that in order for Europe to foster a stronger position in the global economy, it needs far more resources and policy tools than are at its current disposal.Recognising the challenges economic sovereignty and strategic autonomy present, this book which follows an international political economy approach, is an illuminating read for students and scholars of economics, international relations, and European politics and integration. It is also of interest to practitioners and policymakers working in both national and international politics.