Simeon Djankov – författare

In the wake of the Great Recession, Europe's economy has stagnated to a considerable degree-greater even than that of the United States. Forecasts suggest an abysmal annual growth rate of about one percent over the next five years, and it now appears that Europe's enviable structural features, that is, their superior social safety net, leading educational facilities, and outstanding infrastructure will be in jeopardy if higher levels of growth cannot be achieved in the mid- to long-term. Several European countries have sought to stimulate growth through monetary or fiscal means, but in the view of some economists, this focus on the demand side ignores the need to address supply issues.In Europe's Growth Challenge, Anders Aslund and Simeon Djankov show how countries in Central and Eastern Europe have recently adopted economic policies that could prove useful in expanding business and economic activity in Western and Southern Europe. These include reducing the financial role of the state, adjusting tax systems, improving the environment for startups, and easing controls over labor markets and migration policies. The Netherlands, they note, has already introduced humane pension reforms that could be adopted more broadly on the continent. The authors also outline how sectoral changes in the service market, high-tech development, and energy markets, more successfully pursued in the U.S., could profit many European countries. Authors Anders Aslund and Simeon Djankov conclude with a call for crucial continental institutional reforms at the European Commission of the European Union, the European Parliament, and the European Council of Ministers. If enacted, this bold program may be just what is needed to reinvigorate the slumping European economy.

Europe is in a serious crisis but that it can face up to these challenges. In Europe''s Growth Challenge Anders Aslund and Simeon Djankov argue that the European Union can only be successful if it carries out substantial changes in the European economic system.European society benefits from equality in income, excellent healthcare and basic education, good infrastructure, and developed institutions for the rule of law. But Europe has entered a period of economic stagnation and is distracted by multiple challenges. Economic and political strains have stalled vital reforms, while the threat of disunion is evident.By focusing on what works in Europe and the great variations within Europe, Aslund and Djankov show how Europe can develop a strategy for higher economic growth. They advocate a reduction of the fiscal role of the state, an opening up of services and digital trade, an easing of the regulatory and tax burdens on labor, an improved environment for startups and innovation, pension reform, and the development of Europe''s energy union.In spite of Europe''s many achievements, Europe needs to address its growth challenge to stay afloat. Aslund and Djankov provide novel insights and provocative ways forward.

Europe is in a serious crisis but that it can face up to these challenges. In Europe''s Growth Challenge Anders Aslund and Simeon Djankov argue that the European Union can only be successful if it carries out substantial changes in the European economic system.European society benefits from equality in income, excellent healthcare and basic education, good infrastructure, and developed institutions for the rule of law. But Europe has entered a period of economic stagnation and is distracted by multiple challenges. Economic and political strains have stalled vital reforms, while the threat of disunion is evident.By focusing on what works in Europe and the great variations within Europe, Aslund and Djankov show how Europe can develop a strategy for higher economic growth. They advocate a reduction of the fiscal role of the state, an opening up of services and digital trade, an easing of the regulatory and tax burdens on labor, an improved environment for startups and innovation, pension reform, and the development of Europe''s energy union.In spite of Europe''s many achievements, Europe needs to address its growth challenge to stay afloat. Aslund and Djankov provide novel insights and provocative ways forward.