Productivity Crisis: Is Europe A Basket Case?
Many Happy Returns
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Bridging the Productivity Gap: Europe vs. the U.S.
This chapter analyzes the productivity gap between Europe and the United States, emphasizing the negative implications for GDP growth and household wealth in Europe. It discusses the cautious investment behaviors and protectionist policies in Europe, which hinder innovation and economic growth compared to the U.S. The chapter concludes with a call for increased investment and structural changes within the EU to boost productivity and navigate current economic challenges.
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