Transforming the European Economy Martin N. Baily

ISBN: 9780881323436

Published: September 10th 2004

Paperback

340 pages


Description

Transforming the European Economy  by  Martin N. Baily

Transforming the European Economy by Martin N. Baily
September 10th 2004 | Paperback | PDF, EPUB, FB2, DjVu, AUDIO, mp3, ZIP | 340 pages | ISBN: 9780881323436 | 10.47 Mb

As industries evolve and restructure, the ability of an economy to adapt to new economic conditions - its ability to change direction -determines its success over the long run. Europe and Japan grew rapidly for many years, but now, faced with greaterMoreAs industries evolve and restructure, the ability of an economy to adapt to new economic conditions - its ability to change direction -determines its success over the long run.

Europe and Japan grew rapidly for many years, but now, faced with greater challenges, their economies have either failed to generate enough jobs or have failed to achieve the highest levels of productivity (or both). While the US has economic problems, the advantage of its greater flexibility has allowed it to be alone among the three powers in sustaining very high productivity and very strong employment opportunities.

In this text, Martin Neil Baily examines the policies that should be followed to facilitate economic adjustment and rapid economic growth in the new environment. He emphasizes 3 key forces driving a change of direction: the increased use of information and communications technologies- expanded global competition- and the development of the global financial system.



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