Golden Growth: Restoring the Lustre of the European Economic Model

Europe's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will...

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description Europe's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will be older than 65 years. Europe will have to rebuild its structures to make fuller use of the energies and experience of its more mature population's people in their golden years. These desires and developments already make the European growth model distinct. Keeping to the discipline of the golden rule would make it distinguished. This report shows how Europeans have organized the six principal economic activities trade, finance, enterprise, innovation, labor, and government in unique ways. But policies in parts of Europe do not recognize the imperatives of demographic maturity and clash with growth's golden rule. Conforming growth across the continent to Europe's ideals and the iron laws of economics will require difficult decisions. This report was written to inform them. Its findings the changes needed to make trade and finance will not be as hard as those to improve enterprise and innovation; these in turn are not as arduous and urgent as the changes needed to restructure labor and government. Its message the remedies are not out of reach for a part of the world that has proven itself both intrepid and inclusive.
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But policies in parts of Europe do not recognize the imperatives of demographic maturity and clash with growth's golden rule. Conforming growth across the continent to Europe's ideals and the iron laws of economics will require difficult decisions. This report was written to inform them. Its findings the changes needed to make trade and finance will not be as hard as those to improve enterprise and innovation; these in turn are not as arduous and urgent as the changes needed to restructure labor and government. 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Gill</creatorcontrib><title>Golden Growth: Restoring the Lustre of the European Economic Model</title><description>Europe's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will be older than 65 years. Europe will have to rebuild its structures to make fuller use of the energies and experience of its more mature population's people in their golden years. These desires and developments already make the European growth model distinct. Keeping to the discipline of the golden rule would make it distinguished. This report shows how Europeans have organized the six principal economic activities trade, finance, enterprise, innovation, labor, and government in unique ways. But policies in parts of Europe do not recognize the imperatives of demographic maturity and clash with growth's golden rule. Conforming growth across the continent to Europe's ideals and the iron laws of economics will require difficult decisions. This report was written to inform them. Its findings the changes needed to make trade and finance will not be as hard as those to improve enterprise and innovation; these in turn are not as arduous and urgent as the changes needed to restructure labor and government. Its message the remedies are not out of reach for a part of the world that has proven itself both intrepid and inclusive.</description><subject>1945</subject><subject>AVERAGE INCOME</subject><subject>BASE YEAR</subject><subject>CAPITAL ACCUMULATION</subject><subject>CAPITAL INVESTMENTS</subject><subject>COMMON TRADE POLICY</subject><subject>COMPETITION POLICY</subject><subject>CONVERGENCE (ECONOMICS)</subject><subject>CONVERGENCE HYPOTHESIS</subject><subject>CONVERGENCE PROCESS</subject><subject>CRITICAL SURVEY</subject><subject>CROSS COUNTRY</subject><subject>DIFFERENCES IN INCOME</subject><subject>ECOLOGY</subject><subject>Econometric models</subject><subject>ECONOMIC COMMUNITY</subject><subject>Economic conditions</subject><subject>ECONOMIC CONVERGENCE</subject><subject>ECONOMIC GROWTH</subject><subject>Economic indicators</subject><subject>ECONOMIC INTEGRATION</subject><subject>Economic models</subject><subject>Economic recovery</subject><subject>ECONOMIC REFORM</subject><subject>ECONOMIC RESEARCH</subject><subject>ECONOMIC WELFARE</subject><subject>ECONOMICS</subject><subject>EMPIRICAL ANALYSIS</subject><subject>EMPIRICAL EVIDENCE</subject><subject>EMPIRICAL LITERATURE</subject><subject>EMPIRICAL RESEARCH</subject><subject>EMPIRICAL STUDIES</subject><subject>EMPLOYMENT</subject><subject>ENDOGENOUS GROWTH</subject><subject>ENVIRONMENTAL PERFORMANCE</subject><subject>Europe</subject><subject>EUROPEAN INTEGRATION</subject><subject>EUROPEAN UNION</subject><subject>EUROPEAN UNION MEMBERSHIP</subject><subject>EXCHANGE RATE</subject><subject>EXCHANGE RATE FLUCTUATIONS</subject><subject>EXCHANGE RATES</subject><subject>EXPLANATORY FACTORS</subject><subject>EXTERNALITIES</subject><subject>FINANCIAL CRISES</subject><subject>FIXED COSTS</subject><subject>FOREIGN DIRECT INVESTMENTS</subject><subject>FOREIGN INVESTMENT</subject><subject>FOREIGN TRADE</subject><subject>FOREST MANAGEMENT</subject><subject>FREE TRADE</subject><subject>FREE TRADE AREA</subject><subject>GDP</subject><subject>GDP PER CAPITA</subject><subject>GROSS FIXED CAPITAL FORMATION</subject><subject>GROWTH LITERATURE</subject><subject>GROWTH MODEL</subject><subject>GROWTH MODELS</subject><subject>GROWTH PERFORMANCE</subject><subject>GROWTH THEORY</subject><subject>HUMAN CAPITAL</subject><subject>IMPORTING COUNTRY</subject><subject>INCOME</subject><subject>INCOME CONVERGENCE</subject><subject>INCOME DISTRIBUTION</subject><subject>INCOME DISTRIBUTION DATA</subject><subject>INCOME DISTRIBUTIONS</subject><subject>INCOME GAPS</subject><subject>INCOME INEQUALITY</subject><subject>INCOME LEVELS</subject><subject>INCOMES</subject><subject>INCREASING RETURNS</subject><subject>INDUSTRIALIZED COUNTRIES</subject><subject>INFANT INDUSTRY ARGUMENT</subject><subject>INTEGRATING AREA</subject><subject>INTEREST RATES</subject><subject>INTERMEDIATE GOODS</subject><subject>INTERNAL TRADE</subject><subject>INTERNATIONAL TRADE</subject><subject>INTERNATIONAL TRADE POLICY</subject><subject>INVESTMENT INFLOWS</subject><subject>KNOWLEDGE SPILLOVER</subject><subject>LABOR PRODUCTIVITY</subject><subject>LABOUR PRODUCTIVITY</subject><subject>LEGAL STATUS</subject><subject>LONG RUN</subject><subject>MACROECONOMIC POLICIES</subject><subject>MACROECONOMIC STABILITY</subject><subject>MARGINAL PRODUCT</subject><subject>MEMBER COUNTRIES</subject><subject>MEMBER STATES</subject><subject>MONETARY UNION</subject><subject>NATIONAL POLICIES</subject><subject>NEOCLASSICAL GROWTH</subject><subject>NEOCLASSICAL GROWTH MODEL</subject><subject>NEOCLASSICAL GROWTH THEORY</subject><subject>OPEN ECONOMIES</subject><subject>PER CAPITA GROWTH</subject><subject>PER CAPITA INCOME</subject><subject>POOR COUNTRIES</subject><subject>POSITIVE EXTERNALITIES</subject><subject>POVERTY REDUCTION</subject><subject>PREFERENTIAL TRADING</subject><subject>PREFERENTIAL TRADING AGREEMENTS</subject><subject>PRODUCTIVITY</subject><subject>PRODUCTIVITY GROWTH</subject><subject>PUBLIC CAPITAL</subject><subject>PURCHASING POWER</subject><subject>REGIONAL INTEGRATION</subject><subject>REGIONAL POLICY</subject><subject>RETURNS TO SCALE</subject><subject>RISK PREMIUM</subject><subject>STABILIZATION POLICIES</subject><subject>STANDARD OF LIVING</subject><subject>STRUCTURAL CHANGE</subject><subject>TECHNICAL PROGRESS</subject><subject>TECHNOLOGICAL CHANGE</subject><subject>TECHNOLOGICAL INNOVATION</subject><subject>TECHNOLOGY SPILLOVERS</subject><subject>TECHNOLOGY TRANSFER</subject><subject>TRADE INTEGRATION</subject><subject>TRADE LIBERALIZATION</subject><subject>TRADE OPENNESS</subject><subject>TRADE THEORY</subject><subject>TRANSACTION COSTS</subject><subject>TRANSITION ECONOMIES</subject><subject>TRANSITION PROCESS</subject><subject>TRANSPORT COSTS</subject><subject>WATER PRICING</subject><subject>WEALTH</subject><subject>WELFARE EFFECTS</subject><subject>WELFARE GAINS</subject><isbn>9780821389652</isbn><isbn>0821389653</isbn><isbn>0821389661</isbn><isbn>9780821389669</isbn><fulltext>true</fulltext><rsrctype>book</rsrctype><creationdate>2012</creationdate><recordtype>book</recordtype><sourceid>VO9</sourceid><recordid>eNptkEFLwzAYhiOiOGd_gOBhJ_FgNWmaL8lRx5zCwIt4DWn6ddZ1TW07hv_elLnLNJfwwvMk3_cScsnoHRMa7rVUMY1VwnisNIg4OSLndIghATsmUQD2WSSnZCQ1ZwCKp2ck6rpPGg5woSUbkWjuqxzrybz12_7jgpwUtuow-r3H5P1p9jZ9jhev85fpwyK2gotUx5mQAl3OeCELxcFpWygnXA48RcGV4NIBBQsAEjHLXc65BqsYUOtSKRQfk5vdw03rvzbY9WZddg6rytboN51hiUyoVGkyoJMdis7XZWeatlzb9tswKXQSFoUB4Ttk69sqz2y9Mr7BelX7bYX5EltsfFf2frCoVmCAMggWPbQy71fhc2qGnk2o0VAzFGmGJk0SlNv_lT-oafIi4NcHW-KAO6z71lZm9jjVjGnBAnj1C2Jb4dLvB0kVl4rxH3yNjkI</recordid><startdate>2012</startdate><enddate>2012</enddate><creator>Martin Raiser, Indermit S. 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Gill</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-a53549-b575ecd13f7f836c9af8c5cd634e538537c606a6667eebdcd3396a8160ac47583</frbrgroupid><rsrctype>books</rsrctype><prefilter>books</prefilter><language>eng</language><creationdate>2012</creationdate><topic>1945</topic><topic>AVERAGE INCOME</topic><topic>BASE YEAR</topic><topic>CAPITAL ACCUMULATION</topic><topic>CAPITAL INVESTMENTS</topic><topic>COMMON TRADE POLICY</topic><topic>COMPETITION POLICY</topic><topic>CONVERGENCE (ECONOMICS)</topic><topic>CONVERGENCE HYPOTHESIS</topic><topic>CONVERGENCE PROCESS</topic><topic>CRITICAL SURVEY</topic><topic>CROSS COUNTRY</topic><topic>DIFFERENCES IN INCOME</topic><topic>ECOLOGY</topic><topic>Econometric models</topic><topic>ECONOMIC COMMUNITY</topic><topic>Economic conditions</topic><topic>ECONOMIC CONVERGENCE</topic><topic>ECONOMIC GROWTH</topic><topic>Economic indicators</topic><topic>ECONOMIC INTEGRATION</topic><topic>Economic models</topic><topic>Economic recovery</topic><topic>ECONOMIC REFORM</topic><topic>ECONOMIC RESEARCH</topic><topic>ECONOMIC WELFARE</topic><topic>ECONOMICS</topic><topic>EMPIRICAL ANALYSIS</topic><topic>EMPIRICAL EVIDENCE</topic><topic>EMPIRICAL LITERATURE</topic><topic>EMPIRICAL RESEARCH</topic><topic>EMPIRICAL STUDIES</topic><topic>EMPLOYMENT</topic><topic>ENDOGENOUS GROWTH</topic><topic>ENVIRONMENTAL PERFORMANCE</topic><topic>Europe</topic><topic>EUROPEAN INTEGRATION</topic><topic>EUROPEAN UNION</topic><topic>EUROPEAN UNION MEMBERSHIP</topic><topic>EXCHANGE RATE</topic><topic>EXCHANGE RATE FLUCTUATIONS</topic><topic>EXCHANGE RATES</topic><topic>EXPLANATORY FACTORS</topic><topic>EXTERNALITIES</topic><topic>FINANCIAL CRISES</topic><topic>FIXED COSTS</topic><topic>FOREIGN DIRECT INVESTMENTS</topic><topic>FOREIGN INVESTMENT</topic><topic>FOREIGN TRADE</topic><topic>FOREST MANAGEMENT</topic><topic>FREE TRADE</topic><topic>FREE TRADE AREA</topic><topic>GDP</topic><topic>GDP PER CAPITA</topic><topic>GROSS FIXED CAPITAL FORMATION</topic><topic>GROWTH LITERATURE</topic><topic>GROWTH MODEL</topic><topic>GROWTH MODELS</topic><topic>GROWTH PERFORMANCE</topic><topic>GROWTH THEORY</topic><topic>HUMAN CAPITAL</topic><topic>IMPORTING COUNTRY</topic><topic>INCOME</topic><topic>INCOME CONVERGENCE</topic><topic>INCOME DISTRIBUTION</topic><topic>INCOME DISTRIBUTION DATA</topic><topic>INCOME DISTRIBUTIONS</topic><topic>INCOME GAPS</topic><topic>INCOME INEQUALITY</topic><topic>INCOME LEVELS</topic><topic>INCOMES</topic><topic>INCREASING RETURNS</topic><topic>INDUSTRIALIZED COUNTRIES</topic><topic>INFANT INDUSTRY ARGUMENT</topic><topic>INTEGRATING AREA</topic><topic>INTEREST RATES</topic><topic>INTERMEDIATE GOODS</topic><topic>INTERNAL TRADE</topic><topic>INTERNATIONAL TRADE</topic><topic>INTERNATIONAL TRADE POLICY</topic><topic>INVESTMENT INFLOWS</topic><topic>KNOWLEDGE SPILLOVER</topic><topic>LABOR PRODUCTIVITY</topic><topic>LABOUR PRODUCTIVITY</topic><topic>LEGAL STATUS</topic><topic>LONG RUN</topic><topic>MACROECONOMIC POLICIES</topic><topic>MACROECONOMIC STABILITY</topic><topic>MARGINAL PRODUCT</topic><topic>MEMBER COUNTRIES</topic><topic>MEMBER STATES</topic><topic>MONETARY UNION</topic><topic>NATIONAL POLICIES</topic><topic>NEOCLASSICAL GROWTH</topic><topic>NEOCLASSICAL GROWTH MODEL</topic><topic>NEOCLASSICAL GROWTH THEORY</topic><topic>OPEN ECONOMIES</topic><topic>PER CAPITA GROWTH</topic><topic>PER CAPITA INCOME</topic><topic>POOR COUNTRIES</topic><topic>POSITIVE EXTERNALITIES</topic><topic>POVERTY REDUCTION</topic><topic>PREFERENTIAL TRADING</topic><topic>PREFERENTIAL TRADING AGREEMENTS</topic><topic>PRODUCTIVITY</topic><topic>PRODUCTIVITY GROWTH</topic><topic>PUBLIC CAPITAL</topic><topic>PURCHASING POWER</topic><topic>REGIONAL INTEGRATION</topic><topic>REGIONAL POLICY</topic><topic>RETURNS TO SCALE</topic><topic>RISK PREMIUM</topic><topic>STABILIZATION POLICIES</topic><topic>STANDARD OF LIVING</topic><topic>STRUCTURAL CHANGE</topic><topic>TECHNICAL PROGRESS</topic><topic>TECHNOLOGICAL CHANGE</topic><topic>TECHNOLOGICAL INNOVATION</topic><topic>TECHNOLOGY SPILLOVERS</topic><topic>TECHNOLOGY TRANSFER</topic><topic>TRADE INTEGRATION</topic><topic>TRADE LIBERALIZATION</topic><topic>TRADE OPENNESS</topic><topic>TRADE THEORY</topic><topic>TRANSACTION COSTS</topic><topic>TRANSITION ECONOMIES</topic><topic>TRANSITION PROCESS</topic><topic>TRANSPORT COSTS</topic><topic>WATER PRICING</topic><topic>WEALTH</topic><topic>WELFARE EFFECTS</topic><topic>WELFARE GAINS</topic><toplevel>online_resources</toplevel><creatorcontrib>Martin Raiser, Indermit S. Gill</creatorcontrib><collection>Perlego</collection><collection>World Bank e-Library</collection><collection>Open Knowledge Repository</collection><collection>ECONIS</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext_linktorsrc</fulltext></delivery><addata><au>Martin Raiser, Indermit S. Gill</au><format>book</format><genre>book</genre><ristype>BOOK</ristype><btitle>Golden Growth: Restoring the Lustre of the European Economic Model</btitle><seriestitle>Europe and Central Asia Flagship</seriestitle><date>2012</date><risdate>2012</risdate><spage>vi</spage><epage>vi</epage><pages>vi-vi</pages><isbn>9780821389652</isbn><isbn>0821389653</isbn><eisbn>0821389661</eisbn><eisbn>9780821389669</eisbn><abstract>Europe's growth will have to be golden in yet another sense. Economic prosperity has brought to Europeans the gift of longer lives, and the continent's population has aged a lot over the last five decades. Over the next five, it will age even more by 2060; almost a third of Europeans will be older than 65 years. Europe will have to rebuild its structures to make fuller use of the energies and experience of its more mature population's people in their golden years. These desires and developments already make the European growth model distinct. Keeping to the discipline of the golden rule would make it distinguished. This report shows how Europeans have organized the six principal economic activities trade, finance, enterprise, innovation, labor, and government in unique ways. But policies in parts of Europe do not recognize the imperatives of demographic maturity and clash with growth's golden rule. Conforming growth across the continent to Europe's ideals and the iron laws of economics will require difficult decisions. This report was written to inform them. Its findings the changes needed to make trade and finance will not be as hard as those to improve enterprise and innovation; these in turn are not as arduous and urgent as the changes needed to restructure labor and government. Its message the remedies are not out of reach for a part of the world that has proven itself both intrepid and inclusive.</abstract><cop>Herndon</cop><pub>World Bank</pub><doi>10.1596/978-0-8213-8965-2</doi><oclcid>793166834</oclcid><tpages>633</tpages><edition>1</edition><oa>free_for_read</oa></addata></record>
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subjects 1945
AVERAGE INCOME
BASE YEAR
CAPITAL ACCUMULATION
CAPITAL INVESTMENTS
COMMON TRADE POLICY
COMPETITION POLICY
CONVERGENCE (ECONOMICS)
CONVERGENCE HYPOTHESIS
CONVERGENCE PROCESS
CRITICAL SURVEY
CROSS COUNTRY
DIFFERENCES IN INCOME
ECOLOGY
Econometric models
ECONOMIC COMMUNITY
Economic conditions
ECONOMIC CONVERGENCE
ECONOMIC GROWTH
Economic indicators
ECONOMIC INTEGRATION
Economic models
Economic recovery
ECONOMIC REFORM
ECONOMIC RESEARCH
ECONOMIC WELFARE
ECONOMICS
EMPIRICAL ANALYSIS
EMPIRICAL EVIDENCE
EMPIRICAL LITERATURE
EMPIRICAL RESEARCH
EMPIRICAL STUDIES
EMPLOYMENT
ENDOGENOUS GROWTH
ENVIRONMENTAL PERFORMANCE
Europe
EUROPEAN INTEGRATION
EUROPEAN UNION
EUROPEAN UNION MEMBERSHIP
EXCHANGE RATE
EXCHANGE RATE FLUCTUATIONS
EXCHANGE RATES
EXPLANATORY FACTORS
EXTERNALITIES
FINANCIAL CRISES
FIXED COSTS
FOREIGN DIRECT INVESTMENTS
FOREIGN INVESTMENT
FOREIGN TRADE
FOREST MANAGEMENT
FREE TRADE
FREE TRADE AREA
GDP
GDP PER CAPITA
GROSS FIXED CAPITAL FORMATION
GROWTH LITERATURE
GROWTH MODEL
GROWTH MODELS
GROWTH PERFORMANCE
GROWTH THEORY
HUMAN CAPITAL
IMPORTING COUNTRY
INCOME
INCOME CONVERGENCE
INCOME DISTRIBUTION
INCOME DISTRIBUTION DATA
INCOME DISTRIBUTIONS
INCOME GAPS
INCOME INEQUALITY
INCOME LEVELS
INCOMES
INCREASING RETURNS
INDUSTRIALIZED COUNTRIES
INFANT INDUSTRY ARGUMENT
INTEGRATING AREA
INTEREST RATES
INTERMEDIATE GOODS
INTERNAL TRADE
INTERNATIONAL TRADE
INTERNATIONAL TRADE POLICY
INVESTMENT INFLOWS
KNOWLEDGE SPILLOVER
LABOR PRODUCTIVITY
LABOUR PRODUCTIVITY
LEGAL STATUS
LONG RUN
MACROECONOMIC POLICIES
MACROECONOMIC STABILITY
MARGINAL PRODUCT
MEMBER COUNTRIES
MEMBER STATES
MONETARY UNION
NATIONAL POLICIES
NEOCLASSICAL GROWTH
NEOCLASSICAL GROWTH MODEL
NEOCLASSICAL GROWTH THEORY
OPEN ECONOMIES
PER CAPITA GROWTH
PER CAPITA INCOME
POOR COUNTRIES
POSITIVE EXTERNALITIES
POVERTY REDUCTION
PREFERENTIAL TRADING
PREFERENTIAL TRADING AGREEMENTS
PRODUCTIVITY
PRODUCTIVITY GROWTH
PUBLIC CAPITAL
PURCHASING POWER
REGIONAL INTEGRATION
REGIONAL POLICY
RETURNS TO SCALE
RISK PREMIUM
STABILIZATION POLICIES
STANDARD OF LIVING
STRUCTURAL CHANGE
TECHNICAL PROGRESS
TECHNOLOGICAL CHANGE
TECHNOLOGICAL INNOVATION
TECHNOLOGY SPILLOVERS
TECHNOLOGY TRANSFER
TRADE INTEGRATION
TRADE LIBERALIZATION
TRADE OPENNESS
TRADE THEORY
TRANSACTION COSTS
TRANSITION ECONOMIES
TRANSITION PROCESS
TRANSPORT COSTS
WATER PRICING
WEALTH
WELFARE EFFECTS
WELFARE GAINS
title Golden Growth: Restoring the Lustre of the European Economic Model
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