Book Review: Creating Economic Growth: Lessons for Europe
Author: Marco Magnani Publisher: Palgrave Macmillan – 295 pages Book Review by: Paiso Jamakar Economic news reports coming from the European Union cite statistics of low growth, no growth or negative growth of the gross domestic products of some members of this group. Other reports mention high rates of unemployment in some European countries. Other stories in the media cite very high debt levels and even possible defaults by some countries. This is attributed to the constant rise in government employees’ wages on the one hand, and declining revenues on the other hand, due to the economic slowdown. But...
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