Tuesday, January 24, 2012
[IWS] World Bank: GOLDEN GROWTH: RESTORING THE LUSTRE OF THE EUROPEAN ECONOMIC MODEL [24 January 2012]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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World Bank
GOLDEN GROWTH: RESTORING THE LUSTRE OF THE EUROPEAN ECONOMIC MODEL [24 January 2012]
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The report documents the impressive achievements of the European growth model over the last 50 years. Accounting for the stresses it is experiencing and assessing the longer-term challenges that Europe will face, the report then evaluates the six principal components of the model: Trade, Finance, Enterprise, Innovation, Labor, and Government. It finds that the European growth model has been a powerful engine for economic convergence, helping developing countries in Europe catch up to their richer neighbors and become high-income economies. But recent changes in and outside Europe necessitate change. The report proposes the adjustments needed to make trade and finance work even better, to encourage enterprise and innovation in parts of Europe which have begun to lag, and address shortcomings in the functioning of labor markets and governments. The changes proposed would restart the European convergence machine, make Europe's enterprises competitive, and help Europeans afford the highest standards of living in the world.
Press Release 24 January 2012]
Build on Strengths of Europe’s Growth Model While Pursuing Reforms, Says World Bank Report
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:23094165~pagePK:64257043~piPK:437376~theSitePK:4607,00.html
BRUSSELS, January 24, 2012 – The European growth model has been an engine for economic convergence during the past few decades and has delivered prosperity to hundreds of millions of people on the continent, says a new World Bank report “Golden Growth: Restoring the Lustre of the European Economic Model”, launched today in Brussels.
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