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International Framework and Alternative Strategies

In: Full Employment and High Growth in Europe

Author

Listed:
  • Mario Baldassarri

    (University of Rome)

  • Francesco Busato

    (Columbia University)

Abstract

The year 2001 was not particularly positive for the world economy: weaker growth in world demand associated with a marked decrease in securities values significantly reduced economic growth in both the United States and the Euro zone. At the same time, we witnessed an increase in unemployment in the majority of OECD countries. Consequently, the changing international conditions negatively influenced the government finance picture of various European and non-European countries. The situation was additionally worsened after the events of September 11

Suggested Citation

  • Mario Baldassarri & Francesco Busato, 2003. "International Framework and Alternative Strategies," Palgrave Macmillan Books, in: Full Employment and High Growth in Europe, chapter 5, pages 93-97, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3736-0_5
    DOI: 10.1057/9781403937360_5
    as

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