Chapter

Is the European model sustainable?

André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava and Peter M. Smith

in An Agenda for a Growing Europe

Published in print March 2004 | ISBN: 9780199271481
Published online July 2005 | e-ISBN: 9780191602573 | DOI: http://dx.doi.org/10.1093/0199271488.003.0007
 Is the European model sustainable?

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The sustainability of the European model has become more uncertain. Low growth rates and high unemployment rates have strained public finances, which is incompatible with the fiscal rectitude required by a growing Trends in demography, technology, and globalisation; and the inability to establish a new social contract have prevented Europe from preserving the unprecedented growth achieved during the trente glorieuses — the thirty years between 1945 and 1975. These trends are expected to increase the demands for social protection, further threatening the sustainability of the European model.

Keywords: European model; economic growth; sustainability; demography; technology; globalisation

Chapter.  3279 words. 

Subjects: Economic Systems

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