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Europe
The geographical region of Europe includes over 44 countries and 752m people. It had the third largest total GDP of the continents in 2018 at 21.9 trillion USD. Average GDP per capita was 34,485 USD, which is highest among the regions. It also had the highest level of exports in 2018 at 10tr USD. From the 15th century, Spain, Portugal, the Netherlands, French and British all developed colonial empires. The Spanish and Portuguese enjoyed the mineral wealth of the new world. While all these countries used African slaves to develop tobacco or sugarcane industries in the new world. In the late nineteenth century, Germany, Belgium, and Italy also began to develop colonial empires. The Netherlands was the forerunner in terms of finance and trade, with the world’s first stock exchange in 1602. Britain led the way with industrialisation in the 18th century, which made steam rather than slaves and gold the new wealth of nations. Trade was becoming global and Europe led the way. By the late 19th century, Germany had also industrialised. Its growing commercial and naval rivalry with Britain contributed to the start of WW1. WW1 saw the emergence of the USA as a superpower and the break-up of the imperial European powers; European colonial empires were to survive until after WW2. The devastation of WW2 brought a determination for a new common future. The European Coal and Steel Community was formed in 1951. This became the European Economic Community in 1957, the European Union in 1993, and monetary union in 2001. The end of the cold war in 1989, saw NATO expand into Eastern Europe followed by the European Union. Many former soviet- Bloc countries have grown strongly through the 1990s and 2000s, including Poland, Czechia, and Estonia. Yugoslavia disintegrated in 1991, but Slovenia and Croatia are now EU members and the Western Balkans aspire to membership. Throughout the 2000s, the relative importance of the German economy grew. In recent years, Europe has been tested by the Greek debt crisis (2009-10), the crisis in Ukraine (2013), the Syrian refugee crisis (2015-16), and Brexit (2016-2020). But despite these challenges, Europe will continue to grow as it enjoys the fruits of trade and further integration.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
As part of their response to negative shocks coming from advanced economies after the Lehman Brothers’ collapse in 2008, most developing countries resorted to countercyclical fiscal policy. Such a policy
Prof. Alice Guilhon is the dean of Skema the new business school created through the merger of Lille School of Management and Ceram, in Sophia Antipolis, France. Under her leadership
The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of the Polish power sector with a long term senior loan of up to PLN 283 million (€69
As official trade figures disappoint yet again, the Confederation of British Industry is unveiling a new package of export-boosting measures to help British firms unlock overseas opportunities. They include an
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Margaret Thatcher – the ‘Iron Lady’ who governed Britain from 1979 to 1990 – died peacefully today at the age of 87 years after suffering a stroke. Baroness Thatcher was
Statement on Cyprus by Olli Rehn, European Commission Vice-President and Christine Lagarde, Managing Director of the International Monetary Fund. The Cypriot authorities have put forward a multi-annual reform programme to
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13-14 November 2013 | Amsterdam WorldPensionSummit is the only platform ‘for and by’ Pension Professionals. At the Summit you can exchange knowledge and share the latest innovative ideas for a
Angela Merkel entered politics in 1989 with fall of the Berlin Wall. When she narrowly defeated Gerhard Shroder in the 2005 election, she became the first former citizen of the
In its first ever European Union-wide assessment of the soundness and stability of the financial sector, the International Monetary Fund this month pointed to the need to step up regional
The University of Oxford launch a new research programme to help businesses and policy-makers future proof against investments in assets that might become devalued or written off, otherwise known as
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