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European Union: challenges and dilemmas

Author

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  • A. Rusek

    (Department of Economics, Susquehanna University, Selinsgrove, USA)

Abstract

In the last two decades, the EU trails behind the USA in both the rate of economic growth and the rate of growth of productivity. In addition, in the next 25 years, the EU will experience demographic challenges in the form of the rapidly ageing population and a substantial increase in the dependency ratio. To answer these challenges, the EU needs economic policies which will facilitate the utilization of new technologies. To do that and to alleviate the growing pressures on the European social and economic model, the significant economic reforms are necessary. The key to that is the EU-wide integration of the financial sector.

Suggested Citation

  • A. Rusek, 2006. "European Union: challenges and dilemmas," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 52(7), pages 302-310.
    • Handle: RePEc:caa:jnlage:v:52:y:2006:i:7:id:5027-agricecon
    DOI: 10.17221/5027-AGRICECON
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    References listed on IDEAS

    as
    1. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
    2. Siebert, Horst, 2003. "Why Germany has such a weak growth performance," Kiel Working Papers 1182, Kiel Institute for the World Economy (IfW Kiel).
    3. Musso, Alberto & Westermann, Thomas, 2005. "Assessing potential output growth in the euro area - a growth accounting perspective, January 2005," Occasional Paper Series 22, European Central Bank.
    4. Alberto Musso & Thomas Westermann, 2005. "Assessing potential output growth in the euro area - a growth accounting perspective," Occasional Paper Series 22, European Central Bank.
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