1. ISEO SUMMERSCHOOL 23° June 2008 Mario Baldassarri The World Economy Toward Global Disequilibrium Palgrave-MacMillan, London 2007

5. Map 1: World with continents weighted by Population 2003

6. Map 2: World with continents weighted by Agricultural Resources 2003

7. Map 3: World with continents weighted by Mineral Resources 2001

8. Map 4: World with continents weighted by Real GDP 2003

9. Map 5: Word with continents weighted by Real GDP, projections for 2015

10. Map 6: Word with continents weighted by Real GDP, projections for 2030

15. Figure 3a: G8 and G20 from 2003 to 2040 (2003$)

16. Figure 4a: the “new” G8 considering Europe-25 (2003$)

17. Figure 4b: Discount rates (FED-ECB), European inflation rate (HICP), Exchange rate Euro/Dollar

18. Figure 4c: Euro per Dollar (november 2003)

19. 1,401,301,201,101,00Variations with respect to €/$ to 1,40 €/$ ratio 20052005 GDP growth rate-0,050,400,861,321,771,82 Deficit/GDP ratio3,983,793,593,393,17-0,81 20062006 GDP growth rate1,221,541,892,282,721,50 Deficit/GDP ratio3,933,533,102,652,17-1,76 20072007 GDP growth rate1,62,872,122,402,691,07 Deficit/GDP ratio3,713,202,662,101,50-2,21 20082008 GDP growth rate1,571,802,042,302,591,02 Deficit/GDP ratio3,512,912,281,620,92-2,59 TABLE 1 - The effect of the super euro on growth and the deficit With variations of the Euro/Dollar ratio determined by the reduction in interest rates

20. BASE SIMULATION

27. US DOLLAR IPER DEVALUATION

40. EUROPEAN DOMESTIC DEMAND PUSH PLUS EURO DEVALUATION

53. EXCHANGE RATE ADJUSTMENT PLUS CHINESE DOMESTIC PUSH