Eurosclerosis

Eurosclerosis

Eurosclerosis is a term coined in the 1980s to describe a European economic pattern of high unemployment and slow job creation in spite of overall economic growth. This was in contrast to what the United States experienced in the same period when economic expansion was accompanied by high job growth. Later, the term tended to be used more broadly to refer to overall economic stagnation.

See also

References

  • Rosser, Barkley J. and Marina V. Rosser. "Comparative Economics in a Transforming World Economy", 2nd Edition, The MIT Press, 2004. pp 240
  • Henderson, David R. The Europeanization of the U.S. labor market. Public Policy. Fall, 1993.

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