Europe at the crossroads : will the EU ever be able to compete with the United States as an economic power?

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From the beginning, the European Union had a clear to permanently consolidate peace in Europe after two of the bloodiest wars in history. This was supplemented after the fall of communism with a second to become an economic power capable of counterbalancing America's growing dominance. The current state of Europe, however, has sparked a fierce debate on just how well the economy is really doing in comparison to the U.S.--and whether Europe can continue to compete and maintain its generous welfare state. Written by one of Europe's most well-known and respected economists, Europe at the Crossroads analyzes whether the EU is fulfilling its economic and social targets, outlining in a simple and understandable way the main issues facing the EU today and in the future. Drawing upon the recent official data and literature, Guillermo de la Dehesa seeks solutions for Europe by comparing its situation to that of the U.S. and revealing how much more can be achieved in the areas of efficiency, productivity, and innovation. De la Dehesa documents the EU's persistent economic underperformance in recent decades and examines the cause of its slower growth. He then presents a comprehensive blueprint of reforms for increased prosperity and deeper social cohesion, which