Date: 2020
Type: Contribution to book
Social investment and infrastructure
Francesco SARACENO and Floriana CERNIGLIA (eds), A European public investment outlook, Cambridge : Open Book Publishers, 2020, pp. 115-134
HEMERIJCK, Anton, MAZZUCATO, Mariana, REVIGLIO, Edoardo, Social investment and infrastructure, in Francesco SARACENO and Floriana CERNIGLIA (eds), A European public investment outlook, Cambridge : Open Book Publishers, 2020, pp. 115-134
- https://hdl.handle.net/1814/67411
Retrieved from Cadmus, EUI Research Repository
Ten years after the first economic crisis of twenty-first century capitalism, Europe seems to have passed the nadir of the Great Recession. Time to count our blessings: a rerun of the Great Depression has been avoided and recovery, albeit timid, is under way, while unemployment and poverty are coming down. The jury is still out on whether economic and job growth will return to pre-crisis levels. Unemployment remains high in the European Union (EU), especially in the economies heavily scarred by the European debt crisis, such as Greece and Spain. The political aftershocks of the Great Recession — ranging from a rather hard Brexit, the rise of populism in Western Europe, the spread of illiberal nationalism in Eastern Europe, and escalating trade tensions between China and the United States (US) — forecast the deceleration of the world economy, and the challenges of a costly transformation into a greener world economy now confront the European Union project, anchored on a premise of peace, prosperity and democracy, underpinned by an existential predicament.
Cadmus permanent link: https://hdl.handle.net/1814/67411
Full-text via DOI: 10.11647/OBP.0222
ISBN: 9781800640115; 9781800640122
Publisher: Open Book Publishers
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