Thursday, March 24, 2011

Europe lags behind US in productivity

This article touched on how Europe is currently behind US in productivity. The two main contributors to this gap are regulations and a monopolization of businesses. Thus the author feels deregulating and increasing competition would help to bring Europe closer in competition with the US. There are some interesting graphs within the article that highlight the specific industries and trends of production growth throughout the late 90's into the early 2000's. What I'm uneducated in is how much regulation there is within the US government on businesses, so while the article is interesting-I don't have a true comparison of where the US is at in productivity and the contributors as to why we are successful.

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