June 11, 2004

EU, USA and the growing economic gap

Came across this article about the growing gap between the EU and the US economies. It references a Swedish study which has some fairly startling results. Apparently, according to the study, "Europeans are at a level of prosperity on par with states such as Arkansas, Mississippi and West Virginia", not exactly the leading US economic powerhouses among states.

This leads to the question, also posed by Robert Kagan in his book, Of Paradise and Power: America and Europe in the New World Order, which was an expansion of his essay here, if you don't feel like buying the whole book, which is: Can Europe afford to play the heavyweight in international affairs? Mississippi certainly cannot.

Posted by Random Penseur at June 11, 2004 08:43 AM
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