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Old 03-12-2005, 03:29 PM   #1
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"EU economy 'at least 20 years' behind US"

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EU economy 'at least 20 years' behind US
11.03.2005 - 17:43 CET | By Richard Carter

EUOBSERVER / BRUSSELS - The US economy is 20 years ahead of that of the EU and it will take decades for Europe to catch up, according to an explosive new study published on Friday (11 March).

The survey, unveiled by pan-EU small business organisation Eurochambres, is intended as a sharp "wake-up call" for EU leaders as they gather on 22 March for a summit on how to boost growth and jobs in the EU economy.

The EU's current performance in terms of employment was achieved in the US in 1978 and it will take until 2023 for Europe to catch up, the report shows.

The situation is scarcely better when it comes to income per person. The US attained the current EU performance in 1985 and Europe is expected to close the gap in 2072.

But the bleakest picture comes when comparing the two economic blocs in terms of research and development. Europe is expected to catch up with the US in 2123 and then only if the EU outstrips America by 0.5 percent per year in terms of R&D investment.
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Old 03-12-2005, 03:31 PM   #2
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interesting....
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Old 03-12-2005, 05:32 PM   #3
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Interesting...No, you go to Europe and you can not only compare wages, but sit back and compare the lifestyles that each live. The American media look at money as the trump factor when it comes to quality of life, but the life that many live in Europe is different, not different in a bad way but just not the same. People in Europe care about diffeent things then NA (North Americans). They care more about community, people (as in the disadvantaged), educatiion, health care. These are vital issues to people in Europe that might not be as important to people in NA.

When pensions are the number one issue on a elections platform then you can relize what Europe is really about.

This report, and i've heard many that support it and dispute it, is a falsity. They can say that R&D is far behind but thats like looking at a disadvantaged state and comparing it with the strongest EU country. The EU is trying its hardest to bring countries that are not as strong and not as progresive into the world of democaracy and free market. The US is at that point for decades.

So in conclusion anyone who trys to compare the EU to the US is comparing apples and oranges!!
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Old 03-12-2005, 07:06 PM   #4
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Translation: Europe is still in the Dark Ages because it offers better health insurance--(aka "a poor business climate", since costs of labor are "high", many coprporations won't move there since in places like France you can't turn the factory into a macquiladora), doesn't work part-timers like slaves (at least not like here in the US...generally speaking), and has lots of small busnesses that like to shcedule workers around their daily lives (child care, etc), and in general provodes better social programs for the poor, sick, and elderly. (what we call "the Welfare State.")

By these terms, yes, Europe is behind. But if the US is an example of "what it means to be cool and where it;s at", then Europe should stick to economic trends that are the equivalent, in today's "free trade" parlance, of U2;s early 80's haircuts and stage clothes.

20? of all farmland organic in 10 yrs? That's very backward.

Funny, I;d love to know who Authored this "study." Funny how Bush and snap a finger and get anyone to write anything he wants.\

Research and devlopment? OF what? The latest pharmecutical comoany touting the latest Viagra?
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Old 03-12-2005, 07:12 PM   #5
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Quote:
Translation: Europe is still in the Dark Ages because it offers better health insurance--(aka "a poor business climate", since costs of labor are "high", many coprporations won't move there since in places like France you can't turn the factory into a macquiladora), doesn't work part-timers like slaves (at least not like here in the US...generally speaking), and has lots of small busnesses that like to shcedule workers around their daily lives (child care, etc), and in general provodes better social programs for the poor, sick, and elderly. (what we call "the Welfare State.")
Yeah wonderful, you get to have permanently high unemployment and a massive tax burden on the working to support both the bludgers and the ever increasing proportion of those on pensions. The entire system becomes unworkable as the demographics continue to shift in the direction of more dependents on the state and fewer workers to support them.

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20? of all farmland organic in 10 yrs? That's very backward.
Yes, organic farms are backwards, pesticides, poorer production, higher rates of crop failure all ending in a system of farm subsidies to keep the farms in business which in turn upsets global trade.

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Funny, I;d love to know who Authored this "study." Funny how Bush and snap a finger and get anyone to write anything he wants.
that makes no sense, just because a paper is written by a pro-Business group does not by definition make it some sort of sinister Bush conspiracy. They obviously have an agenda (like everybody else) but that does not by definition make them wrong.

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Research and devlopment? OF what? The latest pharmecutical comoany touting the latest Viagra?
Among many other things, consider computer technology, entertainment, TiVo, industrial tech, medical breakthroughs ~ erectile dysfunction cures make a lot of money, there is nothing wrong with making breakthroughs on that front.
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Old 03-12-2005, 07:14 PM   #6
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Old 03-12-2005, 07:20 PM   #7
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Originally posted by A_Wanderer

Yes, organic farms are backwards, pesticides, poorer production, higher rates of crop failure all ending in a system of farm subsidies to keep the farms in business which in turn upsets global trade.
But current farm practices in the United States are not suitable for the long term. They currently consume more energy than they manage to produce. Pesticides, by neccessity, have become more and more lethal--lowering the average age of a farm worker is 40 to 50, I believe.

America has to embrace green economics if they ever hope to survive in the long term.

Ecology 101. (And my professor was a staunch Republican)
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Old 03-12-2005, 07:26 PM   #8
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Originally posted by Teta040
Research and devlopment? OF what? The latest pharmecutical comoany touting the latest Viagra?
I don't suppose you've ever used Google or an iPod, have you?

You and I both know that by any reasonable measure, K-12 education in the US stinks relative to other industrialized countries. And yet, industries and research universities in the US still stay on top, because many of the best minds around the globe keep flocking to our shores.

(Yeah, I know a lot of our companies have armies of code monkeys working from India, but they can't outsource everything.)
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Old 03-12-2005, 07:40 PM   #9
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Originally posted by AvsGirl41


But current farm practices in the United States are not suitable for the long term. They currently consume more energy than they manage to produce. Pesticides, by neccessity, have become more and more lethal--lowering the average age of a farm worker is 40 to 50, I believe.

America has to embrace green economics if they ever hope to survive in the long term.

Ecology 101. (And my professor was a staunch Republican)
No green economics is useless if it is focused on reducing output and having high rates of wastage. If you can reduce the pesticides used by enabling the crops to give off their own detterents then surely that is a good thing. The EU is putting economic shackles upon itself by scaring it's populations about GM ~ a thinley veiled form of trade protectionism that is often built upon irrational technophobia.

Genetic engineering and nuclear power are the best hopes for a sustainable future and they are both issues upon which mainstream green parties are opposed to.
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Old 03-12-2005, 08:14 PM   #10
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As Bonoman and Teta implied, Europe is perceived as being "in the dark ages" because it:

(1) provides for the poor

(2) provides for the unemployed and aged

(3) doesn't resort to grotesque, illegal measures to fight imagined threats

(4) is not a theocracy

(5) accepts progress and rationality, even where they appear to confict with the gospels of hate...

Only a perverse and evil mentality says this is wrong.
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Old 03-12-2005, 08:25 PM   #11
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This is a POV. I'm sure someone could argue that Europe is "20 years ahead of the US socially".

Here is the mission statement of the group who commissioned the study, perspective is everything especially with studies. Always question who financed the survey or study when reading articles because most of the time, they have a vested interest in a certain result.

Mission and Vision

EUROCHAMBRES forms one of the key pillars of business representation to the European institutions. Its mission is to represent, serve and promote European Chambers of Commerce and Industry.

* To strengthen the voice and position of European Chambers as significant, respected, valued influencers of EU affairs on all major economic issues.
* To develop the participation of European Chambers in projects of value to business.
* To work as a network, delivering network services to our members, developing a European network of services for enterprises, and to strengthen the European Chamber network through linkages and joint programmes.

The vision of EUROCHAMBRES is an enlarged competitive European Union,

* where entrepreneurial behaviour is promoted and rewarded;
* where the legislative and physical environment for profitable business is the best in the world;
* where SMEs are encouraged and supported;
* where competition is free but fair;
* which is open to free and fair trade with the rest of the world.

This is lobbying by a special interest group and there is probably another study somewhere which suggests a different outcome.
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Old 03-13-2005, 07:12 AM   #12
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TIVO?

You list TIVO as R&D. Come on, there are others that you could mention then something else for the lazy people to be able to watch EVERYTHING on tele.
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Old 03-13-2005, 07:24 AM   #13
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There is a ton of opinion in here, it's very subjective.
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Old 03-13-2005, 07:25 AM   #14
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When it means to catch up with the numbers off the people without health care, old age pension,. education, normal income,...please don`t catch up Old Europe.
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Old 03-13-2005, 08:07 AM   #15
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I don't think we're 20 years behind.

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