Can industrial Europe be saved?
Pessimists claim that the European economy is sinking under the weight of an over-regulated labour market and a costly welfare state. Taking a hard-headed look at the facts, Olivier Cadot and Pierre Blime find that Europe's competitive position in manufacturing has declined, industrial Europe is facing declining market shares in most sectors, and our performance in crucial highgrowth industries such as electronics is particularly worrying.
Olivier Cadot is assistant Professor of Economics at INSEAD and Pierre Blime is an independent consultant who has written on trade policy in developing countries.
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