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On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10005124320
markets in Europe, and some people have argued that it has induced a convergence in industrial structures across countries … time period 1994 to 1998, we do not find strong evidence for ‘convergence’ in manufacturing in Europe. ‘Full’ convergence …
Persistent link: https://www.econbiz.de/10005136467
This paper reviews the history, economic rationale and main components of the project of establishing a monetary union … in Europe by 1999. The adoption of a single currency is shown to be the best available option following the …
Persistent link: https://www.econbiz.de/10005666857