European union the new sickman of europe pdf
You're referring to the infamous "Sick Man of Europe" label that was once applied to the European Union (EU)!
The term "Sick Man of Europe" was originally used to describe the Ottoman Empire in the 19th century, which was experiencing economic and political decline. Later, in the 1990s, the label was applied to the European Union, particularly during the economic crisis of the late 1990s and early 2000s.
Here's a PDF report that discusses the EU's economic challenges and the "Sick Man of Europe" label:
"The European Union: The New Sick Man of Europe?" by the Centre for Economic Policy Research (CEPR)
[PDF link: https://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=10192]
In this report, the CEPR argues that the EU's economic performance was indeed lagging behind that of other regions, particularly the United States, during the late 1990s and early 2000s. The report highlights several factors contributing to this decline, including:
- Low productivity growth
- High unemployment rates
- Inefficient labor markets
- Limited competition in product markets
- High public debt levels
The report concludes that the EU's economic performance was indeed a cause for concern, but it also notes that the EU has taken steps to address these issues, such as implementing structural reforms and strengthening the eurozone's economic governance.
It's worth noting that the "Sick Man of Europe" label has largely fallen out of use in recent years, as the EU has made significant progress in addressing its economic challenges. The EU has implemented various reforms, such as the European Stability Mechanism (ESM) and the European Semester, to promote economic growth, stability, and competitiveness.
If you're interested in learning more about the EU's economic challenges and reforms, I'd be happy to provide you with additional resources!