Beyond Austerity: A Path to Economic Growth and Renewal In Europe Beyond Austerity: A Path to Economic Growth and Renewal In Europe

Beyond Austerity: A Path to Economic Growth and Renewal In Europe

    • 3.0 • 1 Rating

Publisher Description

Europe faces multiple, simultaneous pressures on GDP growth at a time when scope to stimulate growth from public funds is limited by high debt and deficit levels. Just to maintain past GDP growth levels, Europe needs to accelerate productivity growth by around 30 per cent over historic levels, or opt to work more. Productivity growth would have to grow by an even greater margin if Europe is to close the GDP gap with the United States that prevails today. 

In this challenging context, the McKinsey Global Institute (MGI), McKinsey & Companyís business and economics research arm, has examined what Europe needs to do to overcome the economic headwinds it faces in the years ahead. Beyond austerity: A path to economic growth and renewal in Europe looks in detail at labor market reform, Europeís productivity imperative, and ways in which some European companies and governments are leveraging new growth and innovation opportunities. 

Despite todayís pressures, MGI paints a fundamentally optimistic picture, making the case that Europe can regain its pre-crisis growth trajectory, and maintain it, by applying best practices that have already demonstrably worked within the region. 

The report sets out a comprehensive agenda for European structural reform on the basis of analysis of existing best practice within the region, proposing reforms in three areas in parallel: pursuing further labor market reform, boosting productivity in service sectors, and pursing policies that enable the private sector to maximize opportunities in emerging markets, cleantech, and new innovative sectors.

GENRE
Business & Personal Finance
RELEASED
2010
18 October
LANGUAGE
EN
English
LENGTH
271
Pages
PUBLISHER
McKinsey and Company
SIZE
4.2
MB

More Books Like This

Growth and Renewal in the United States: Retooling America's Economic Engine Growth and Renewal in the United States: Retooling America's Economic Engine
2011
Game Changers: Five Opportunities for US Growth and Renewal Game Changers: Five Opportunities for US Growth and Renewal
2013
The Productivity Puzzle: Restoring Economic Dynamism The Productivity Puzzle: Restoring Economic Dynamism
2019
How to Compete and Grow: a Sector Guide to Policy How to Compete and Grow: a Sector Guide to Policy
2010
Making More In America Making More In America
2012
The Next Boom The Next Boom
2011

More Books by McKinsey Global Institute, Charles Roxburgh, Jan Mischke & Baudouin Regout

India's urban awakening: Building inclusive cities, sustaining economic growth India's urban awakening: Building inclusive cities, sustaining economic growth
2010
How to Compete and Grow: a Sector Guide to Policy How to Compete and Grow: a Sector Guide to Policy
2010
Debt and Deleveraging: The Great Global Credit Bubble and Its Economic Consequences Debt and Deleveraging: The Great Global Credit Bubble and Its Economic Consequences
2010
Growth and competitiveness in the United States: The role of its multinational companies Growth and competitiveness in the United States: The role of its multinational companies
2010
Lions on the move: The progress and poten... Lions on the move: The progress and poten...
2010
Farewell to Cheap Capital? Farewell to Cheap Capital?
2010

Customers Also Bought

Economic Development in Africa: Report 2015 Economic Development in Africa: Report 2015
2015
Winning the $30 Trillion Decathlon Winning the $30 Trillion Decathlon
2012
Popular Economics Popular Economics
2013
Economic Evaluation of Sustainable Development Economic Evaluation of Sustainable Development
2019
Economic Disaster or Disastrous Economics? Economic Disaster or Disastrous Economics?
2013
McKinsey on Sustainability & Resource Productivity McKinsey on Sustainability & Resource Productivity
2012