Developmental perspectives on Europe

László Csaba*

*Corresponding author for this work

Research output: Contribution to journalReview Articlepeer-review

Abstract (may include machine translation)

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.

Original languageEnglish
Pages (from-to)21-36
Number of pages16
JournalSociety and Economy
Volume36
Issue number1
DOIs
StatePublished - 1 Apr 2014

Keywords

  • O11
  • O23
  • P26
  • fiscal consolidation
  • growth crisis
  • new political economy
  • structural reform

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