Developmental perspectives on Europe
Developmental perspectives on Europe
Author(s): László CsabaSubject(s): Supranational / Global Economy, Economic history, Economic policy, Economic development, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Akadémiai Kiadó
Keywords: fiscal consolidation; growth crisis; structural reform; new political economy;
Summary/Abstract: The crisis of 2008–2009 has ended, stockmarkets skyrocketed in 2012–2013, while growth of the real sector remained sluggish in Europe. This article attempts to explain the latter puzzle. Analyzing long term factors, the costs of short-termism in crisis management become obvious. The limitations of EU as a growth engine are highlighted.
Journal: Society and Economy. In Central and Eastern Europe ǀ Journal of the Corvinus University of Budapest
- Issue Year: 36/2014
- Issue No: 1
- Page Range: 21-36
- Page Count: 16
- Language: English