Structural Change, Competitiveness and Industrial Policy: Painful Lessons from the European Periphery (Routledge Advances in Regional Economics, Science and Policy)

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9780415713825: Structural Change, Competitiveness and Industrial Policy: Painful Lessons from the European Periphery (Routledge Advances in Regional Economics, Science and Policy)

The onset of the global crisis has emphasised the persistence of substantial differences in development and social progress within the euro area. The specific case of countries located in the southern periphery region has come to the centre stage, due to the harsh economic conditions that all these countries have experienced in the recent past.

In the aftermath of the American subprime credit bubble, these countries’ high indebtedness raised doubts as to their ability to sustain public finances, with the financial crisis developing and gaining momentum due to the fragilities presented in the economy. To varying degrees of severity, all of these economies have since been forced to introduce strong fiscal tightening programmes in order to achieve fiscal consolidation, which have translated into recession and rising unemployment.

This book undertakes a comprehensive analysis of the causes of the crisis in southern European countries, showing that the ‘Achilles heel’ of these economies is rooted in the dismal evolution of productivity and in a specialisation pattern excessively based on the so-called ‘traditional’, low, and low-medium tech industries, which yield low margins, declining export shares and, ultimately, withering international competitiveness. Such evidence suggests that the southern European periphery industrial growth model has reached its limits, demanding a multidimensional policy approach capable of overcoming the magnitude and complexity of the present crisis.

Without denying the need to adjust public and private balance sheets, it is argued that finding a sustainable path out of the present problems requires addressing the challenges of productivity growth and competitiveness in the long term.

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About the Author:

Aurora A.C. Teixeira is Associate Professor with Habilitation, Faculdade de Economia, Universidade do Porto, Portugal

Ester G. Silva is Assistant Professor at Faculdade de Letras, Universidade do Porto, Portugal

Ricardo Paes Mamede is Assistant Professor at ISCTE – IUL, Lisbon, Portugal

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Descrizione libro Taylor Francis Ltd, United Kingdom, 2014. Hardback. Condizione libro: New. New.. Language: English . Brand New Book. The onset of the global crisis has emphasised the persistence of substantial differences in development and social progress within the euro area. The specific case of countries located in the southern periphery region has come to the centre stage, due to the harsh economic conditions that all these countries have experienced in the recent past. In the aftermath of the American subprime credit bubble, these countries high indebtedness raised doubts as to their ability to sustain public finances, with the financial crisis developing and gaining momentum due to the fragilities presented in the economy. To varying degrees of severity, all of these economies have since been forced to introduce strong fiscal tightening programmes in order to achieve fiscal consolidation, which have translated into recession and rising unemployment. This book undertakes a comprehensive analysis of the causes of the crisis in southern European countries, showing that the Achilles heel of these economies is rooted in the dismal evolution of productivity and in a specialisation pattern excessively based on the so-called traditional , low, and low-medium tech industries, which yield low margins, declining export shares and, ultimately, withering international competitiveness. Such evidence suggests that the southern European periphery industrial growth model has reached its limits, demanding a multidimensional policy approach capable of overcoming the magnitude and complexity of the present crisis. Without denying the need to adjust public and private balance sheets, it is argued that finding a sustainable path out of the present problems requires addressing the challenges of productivity growth and competitiveness in the long term. Codice libro della libreria AA69780415713825

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Editore: Taylor Francis Ltd, United Kingdom (2014)
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Descrizione libro Taylor Francis Ltd, United Kingdom, 2014. Hardback. Condizione libro: New. New.. Language: English . Brand New Book. The onset of the global crisis has emphasised the persistence of substantial differences in development and social progress within the euro area. The specific case of countries located in the southern periphery region has come to the centre stage, due to the harsh economic conditions that all these countries have experienced in the recent past. In the aftermath of the American subprime credit bubble, these countries high indebtedness raised doubts as to their ability to sustain public finances, with the financial crisis developing and gaining momentum due to the fragilities presented in the economy. To varying degrees of severity, all of these economies have since been forced to introduce strong fiscal tightening programmes in order to achieve fiscal consolidation, which have translated into recession and rising unemployment.This book undertakes a comprehensive analysis of the causes of the crisis in southern European countries, showing that the Achilles heel of these economies is rooted in the dismal evolution of productivity and in a specialisation pattern excessively based on the so-called traditional , low, and low-medium tech industries, which yield low margins, declining export shares and, ultimately, withering international competitiveness. Such evidence suggests that the southern European periphery industrial growth model has reached its limits, demanding a multidimensional policy approach capable of overcoming the magnitude and complexity of the present crisis. Without denying the need to adjust public and private balance sheets, it is argued that finding a sustainable path out of the present problems requires addressing the challenges of productivity growth and competitiveness in the long term. Codice libro della libreria AA69780415713825

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Aurora A. C. Teixeira (editor), Ester Silva (editor), Ricardo Mamede (editor)
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Descrizione libro Taylor Francis Ltd, United Kingdom, 2014. Hardback. Condizione libro: New. New.. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. The onset of the global crisis has emphasised the persistence of substantial differences in development and social progress within the euro area. The specific case of countries located in the southern periphery region has come to the centre stage, due to the harsh economic conditions that all these countries have experienced in the recent past. In the aftermath of the American subprime credit bubble, these countries high indebtedness raised doubts as to their ability to sustain public finances, with the financial crisis developing and gaining momentum due to the fragilities presented in the economy. To varying degrees of severity, all of these economies have since been forced to introduce strong fiscal tightening programmes in order to achieve fiscal consolidation, which have translated into recession and rising unemployment. This book undertakes a comprehensive analysis of the causes of the crisis in southern European countries, showing that the Achilles heel of these economies is rooted in the dismal evolution of productivity and in a specialisation pattern excessively based on the so-called traditional , low, and low-medium tech industries, which yield low margins, declining export shares and, ultimately, withering international competitiveness. Such evidence suggests that the southern European periphery industrial growth model has reached its limits, demanding a multidimensional policy approach capable of overcoming the magnitude and complexity of the present crisis. Without denying the need to adjust public and private balance sheets, it is argued that finding a sustainable path out of the present problems requires addressing the challenges of productivity growth and competitiveness in the long term. Codice libro della libreria BTE9780415713825

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TEIXEIRA, AURORA; SILVA, ESTER; MAMEDE, RICARDO
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Descrizione libro Routledge, 2014. Hardcover. Condizione libro: Brand New. 330 pages. 10.00x6.00x1.00 inches. In Stock. Codice libro della libreria __041571382X

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