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Table of Contents Preface¿ Introduction¿ Part I Analysis of the state of Europe¿ Chapter 1 Europe's lost decade ¿ '1992' and all that¿ The world champion challenged! Europe¿s plans ¿ high hopes, great expectations ? The single European market ? Maastricht and monetary union ? The Lisbon agenda: More cheerleading ? From Nice to a European Constitution? 2006 ¿ Reality comes calling ? The single market and red tape ? Monetary union: An economic dead-end? ? Where Europe stands now Chapter 2 Europe's real crisis¿ Disappointing growth rates It's the productivity, stupid The myth of the destructive welfare state The myth of the generous welfare state ? Relative poverty ? Absolute poverty ? How socially oriented is Europe? The myth of globalization dangers ? What is new in trade? ? Offshoring ? Why welfare states and globalization can go hand-in-hand ? Social spending and openness ? Why a low-wage sector strategy is not promising Europe's ticking time bomb Productivity growth: The most important way out Chapter 3 Why the US model is not suited to Europe - and what we can learn anyway¿ The United States as a model - a brief survey ? A smaller government - and a better one? ¿ Pensions ¿ Health Care ? Labor market: McJobs instead of joblessness? ? Inequality ? Capital markets instead of bank loans? ? Citizenship and the civil society - also-rans in the quality of social life ? The coherent US system: myth or model? Success on a shaky foundation? The United States in 2006 ? Low savings, excessive consumption and foreign funding ? A Housing Bubble Selective learning instead of omnibus solutions ? Streamlining the state ? Labor market ? Retirement planning ? Corporate finance Chapter 4 Economic indicators and the right measures¿ Origins and limits of the 'gross domestic product' Beyond macroeconomics The Quality-of-Life Index ? Material wealth ? Leisure ? Social justice and employment ? Environmentally responsible economics ? The index as a whole Part II Europe's journey to the top¿ Chapter 5 The power of unity: completing the single market¿ 1992 and the consequences ? Regulatory prerequisites ? Change in trade volumes ? Price differences for consumer goods Bigger, better - richer? Financial services and capital markets Expansion - a big step towards the single market? Chapter 6 What comes after deregulation? Smart regulation!... Catching up through deregulation - two examples ? Telecommunications ? Road freight Limitations and risks of deregulation Smart regulation instead of simple deregulation ? Objectives and results, costs and benefits ? Frameworks rather than rules ? Implementation and controlling results ? Giving regulation a fixed expiration date New ground rules for the old continent? ? Europe¿s chance ? Example of capital markets: reversing subsidiarity ? Implications for Europe: efficiency, Brussels style Chapter 7 The concept of category definition¿ Category definition and redefinition Creating and sustaining category definition Examples of European category definition ? The world's Number One chain saw: Stihl ? Cars: The 'Mercedes' of an industry ? Luxury goods: Gucci, Swarovski and the tradition of refined European craftsmanship ? Fashion: Zara in Spain redefines supply chain excellence ? Integrated shopping and leisure centers: Sonae Sierra sets new standards for retail ambience ? Vacuum cleaners: Dyson delivers dream machines Missed opportunities for category definition Beyond the company: 'Made in Germany' Category definition for Europe How the public sector can support the category definition process Chapter 8 Reinventing the state¿ Investing in Europe¿s future ? Demographic reserve ? Private consumption and investment ? Education and research Trimming state spending to invest in the future ? Reforming government services ? Reinventing the European welfare state Secondary Effects ¿ Why "Less government can be more" Getting the job done Epilogue¿ A voice for Europe in world affairs Making it happen
Library of Congress Subject Headings for this publication:
Europe -- Economic conditions -- 1945-.