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"Checking Europe's economic temperature
Globalist Perspective > Global Economy
Is Europe Falling Behind?
By Olivier J. Blanchard | Tuesday, June 08, 2004
The economic evidence seems quite clear: Europe has made virtually no progress over the past 30 years in catching up with the United States in terms of per capita income. But that view is inaccurate, as Olivier Blanchard argues. He finds that European productivity growth has exceeded that of the United States — it's just that Europeans have chosen to use these productivity gains in a different way."
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