Europe at the Crossroads: Will the EU Ever Be Able to Compete with the United States as an Economic Power?

With its extensive annotated tables, graphs, summaries of EU studies and a wrapup of the most recent Lisbon Summit, this volume is a treasure trove of data for Europolicy wonks. And it doesn't neglect the technical details behind the numbers, which cover leisure, income, productivity, education and technology research and development. Topics include European demographic trends, the economic and fiscal effects of pension plans, the relative productivity of labor and capital and comparisons of the EU to the United States and the separate countries against each other. A key focus is the two labor markets within Europe: the protected insiders, usually older European men, and the unprotected outsiders, usually immigrants, women and youth. Discussion is mostly limited to the pan-European level so the book can touch only superficially on major issues such as immigration policy and intraunion regulation and trade policy. One serious defect is the book's rambling structure; it has neither clear questions nor strong conclusions. The author is deeply attached to the European social model, but seems vaguely gloomy about its ability to support vibrant economic growth or to extend its coverage to all European residents. Few of the statistics cover periods since 2002 and the many tables list countries in differing and apparently random order making table to table comparisons laborious. (Feb.)