Jobs and Competitiveness in a Polarised Europe

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Series Details Vol.50, No.3, May-June 2015
Publication Date May 2015
ISSN 0020-5346
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In the aftermath of the crisis, Europe is becoming more polarised in terms of employment, competitiveness and industrial specialisation. A 'German-centred core' – which maintained employment and production – has emerged, contrasted by a 'Southern periphery', where major economic losses have occurred. Such geographical divergence is associated with a further polarisation in terms of skills. A new European industrial policy is needed to reverse this polarisation process and its dangerous implications for trade balances and cohesion.

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