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Transforming the European Economy
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- Book details for Transforming the European Economy
- Martin Neil Baily (author), Jacob Funk Kirkegaard (author)
- Paperback, 230 x 152 x 20mm , 360 pp, Illustrations
- 30 Sep 2004
- Institute for International Economics,U.S.
- 0881323438
- 9780881323436
Europe grew rapidly for many years, but now, faced with greater challenges, several of the large economies in Europe have either failed to generate enough jobs or have failed to achieve the highest levels of productivity or both. This study explores why Europe's growth slowed, what contribution information technology makes to growth, and what policies could facilitate economic transformation. It emphasizes a system with strong work incentives and a high level of competitive intensity. Europe doesn't need to eliminate its protections for individuals, the authors conclude, but both social programs and policies toward business must be reoriented so that they encourage economic change.
Martin Neil Baily, Senior Fellow, was appointed by President Clinton as Chairman of the Council of Economic Advisers in 1999, serving as an economic adviser to the President and a member of the President's cabinet. Dr. Baily was a Principal at McKinsey & Company at the Global Institute in Washington, D.C. from 1996 to 1999 and was a visiting fellow at the Global Institute, 1993-94. He was a co-leader of projects on service and manufacturing productivity and employment, as well as a series of country studies on Brazil, France, Germany, Korea, the Netherlands, Russia, and the UK. He worked with McKinsey client teams, providing counseling to CEO's on economic issues. Dr. Baily also served as one of the three Members of the President's Council (1994-96), where he was responsible for macroeconomic policy as well as a range of microeconomic issues. He has been a professor of economics at MIT, Yale, and the University of Maryland. He is the author of many professional articles and the editor or co-editor of four books.
