Transforming the European Economy
Author: Martin Neil Baily
Publisher: Columbia University Press
Published: 2004-09-10
Total Pages: 357
ISBN-13: 0881324493
DOWNLOAD EBOOKEurope grew rapidly for many years, but now, faced with greater challenges, several of the large economies in Europe have either failed to generate enough jobs or have failed to achieve the highest levels of productivity or both. This study explores why Europe's growth slowed, what contribution information technology makes to growth, and what policies could facilitate economic transformation. It emphasizes a system with strong work incentives and a high level of competitive intensity. Europe doesn't need to eliminate its protections for individuals, the authors conclude, but both social programs and policies toward business must be reoriented so that they encourage economic change.