Summary of Enterprise Productivity

A Three-Speed Europe

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Enterprise Productivity summary
In “a three-speed Europe,” Greece, Italy, Portugal and Spain struggle to get in gear.

Rating

7 Overall

8 Importance

7 Innovation

6 Style

Recommendation

European Union nations fall into three distinct economic groups, according to economists Andrea Dall’Olio, Mariana Iootty, Naoto Kanehira and Federica Saliola of the European Central Bank. The superstars are fast growers such as the Czech Republic, Poland and Romania – the newer EU entrants that have only recently joined the global economy. In the middle tier are the stalwarts like slow-and-steady Germany, France and the United Kingdom. Bringing up the rear are Greece, Italy, Portugal and Spain. The European Union’s struggles remain a timely and riveting topic, but the writing here is dense and scholarly; don’t expect an easy read. Nonetheless, getAbstract recommends this authoritative report to investors, executives and policy makers.

In this summary, you will learn

  • Why the constituent economies of the European Union have diverged in performance
  • How EU countries rank in output
  • Why Greece, Italy, Portugal and Spain lag behind
 

Summary

As the European Union expanded in the period from 2003 to 2008, the group experienced decidedly choppy economic results. “New Europe” – or the 12 nations that joined the EU during that time, among them Bulgaria, Estonia, Hungary, and Slovenia – enjoyed productivity growth that was three to four times...
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About the Authors

Andrea Dall’Olio, Mariana Iootty, Naoto Kanehira and Federica Saliola are economists at the World Bank.


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