Europe at the Crossroads

One of Europeżs foremost experts and economists analyses why the European Union lags the United States in economic growth and stability and what can be done about it ż for anyone interested the latest thought leadership on global economics.Since World War II, the European economy has focused on delivering its citizens social benefits such as equitable wages, universal healthcare, and generous unemployment insurance. But is the European social model sustainable? Not without substantial reform, according the findings of this book.Written by one of Europeżs most well-known and respected economists, the book seeks solutions for Europe mainly by comparing and contrasting its situation to that of the U.S. While the U.S. extends little of the European generous social welfare system, it has achieved a great deal more in the domains of efficiency, productivity, and innovation, and therefore offers key lessons to Europe.