engBolea, LucíaDuarte, RosaJarne, GloriaMarchinski, RobertRueda-Cantuche, José ManuelSánchez-Chóliz, JulioSarasa, CristinaEuropeanization vs. Globalization? A deeper look into income and employment embodied in intra-european tradeART-2019-115321Production processes are nowadays increasingly global, implying interdependent structures linking goods, processes and countries. Traditional economic blocks and sectoral intra-country linkages coexist with increasing worldwide dependencies. Recent literature supports the hypothesis of a new globalization process taking place in the late 1990s and the 21st century, centred on the consolidation of increasingly competitive macro-regions at a global level, with a growing specialization of countries within them. We propose a multiregional input-output (MRIO) model of the European Union (EU) to analyse whether the generation of employment and income in Europe in recent decades can be defined as a process that is mainly regional or global (involving countries within the region versus countries outside Europe). Our results show that intra-EU trade is an important factor contributing to income and employment growth, more oriented to intermediate inputs in the same way as extra-EU trade, despite the fact that some European countries are more specialized in final goods, mainly driven by high-income EU countries.2019http://zaguan.unizar.es/record/86482http://zaguan.unizar.es/record/86482oai:zaguan.unizar.es:86482REVISTA DE ECONOMIA MUNDIAL 53 (2019), 23-44by-nc-ndhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccess