3min chapter

Economics Explained cover image

Why Is Europe's Economy Always Lagging Behind The United States?

Economics Explained

CHAPTER

The Middle Income Trappers of Europe

Europe has about as many global 2000 companies as Japan, but with a much larger population. It also falls well behind the USA that has roughly twice as many major global companies as all of Europe combined. The correlation between global 2000 companies per capita and GDP per capita is very strong,. But Europe falls behind.

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