Publication
Mar 2013
The authors of this policy brief assess Europe's trade strategy. Europe’s current growth strategy is based on a larger trade surplus with the rest of the world to make up for slow domestic growth. The continent’s short-term problem is a lack of domestic demand. The long-term problem is a slow rate of productivity growth. The authors argue that more competition between Europe’s firms is more likely to raise productivity, and with it living standards, than a government-sponsored export drive.
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English (PDF, 6 pages, 333 KB) |
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Author | Richard Youngs, John Springford |
Series | FRIDE Policy Briefs |
Issue | 150 |
Publisher | FRIDE |
Copyright | © 2013 FRIDE |