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Conclusions

In: Growth versus Security

Author

Listed:
  • Wojciech Bienkowski

    (Lazarski School of Commerce and Law)

  • Wojciech Bienkowski

    (Johns Hopkins University)

  • Josef C. Brada

    (Arizona State University)

  • Mariusz-Jan Radło

    (Warsaw School of Economics)

Abstract

Despite the recent apparent reversal of long-standing trends, with the EU’s economic growth accelerating in 2005–07 and US economic growth slowing down in 2006 and 2007, the underlying problems causing our concern about most European countries’ relatively poor performance vis-à-vis the United States remain intact. The recent trends have been too short in duration and reflect only aggregate data, not the structural problems of critical importance such as the capacity to innovate and the general flexibility of markets. Thus, despite the recent growth spurt, the EU countries have been unable to close the productivity and innovativeness differential or the 30 per cent GDP per capita gap that still exists between the two sides of the Atlantic.

Suggested Citation

  • Wojciech Bienkowski & Wojciech Bienkowski & Josef C. Brada & Mariusz-Jan Radło, 2008. "Conclusions," Palgrave Macmillan Books, in: Wojciech Bieńkowski & Josef C. Brada & Mariusz-Jan Radło (ed.), Growth versus Security, pages 279-280, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-22823-8_14
    DOI: 10.1057/9780230228238_14
    as

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