England, After the World Cup, Should Be Worldly

Mohamed El-Erian examines the U.K.'s changing role in Europe and the world in the wake of England's surprising World Cup defeat.
England manager Roy Hodgson and captain Steven Gerrard, heading home sooner than planned.

England suffered a very public humiliation last week when it exited early from the World Cup, and with other parts of the U.K. failing to qualify for the tournament it's easy to forget that Britain punches above its economic, financial and political weight in most regional and global forums.

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