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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]
Much of the world’s attention has been focused on the Euro crisis but this should not be allowed to distract from Rio+20. Negotiations in the run up to the UN’s
By Michael Pettis Normally I don’t like to write about European prospects in the midst of a very rough patch in the market because in that case there isn’t much
The Spanish market regulator CNMV said it was “due to circumstances that may affect the normal share trading”. There are reports that Bankia will ask the government for a bailout
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The 17 nations that use the euro will see their economies shrink 0.1% this year, before showing weak growth of 0.9% next year, the OECD predicts. This compares with 2.4%
There has been much talk of the need for growth at the G8 meeting. Could it be that the solution is really quite simple? A recent 400-page report from economists
Newly-inaugurated French President Francois Hollande and German Chancellor Angela Merkel said on Tuesday they want Greece to remain in the euro in a show of unity at their first meeting
HSBC is selling businesses in four South American countries as it carries on its plan of leaving what it regards as less promising markets. The deal is still subject to
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Iran’s oil sector has been targeted by fresh sanctions from the US, while the EU is in talks over what extra restrictions it will place on the country’s economy. A
Indonesian are the world’s most content people according to new research. Emerging markets and half of the BRIC economies (represented by India 2nd, and Brazil 4th) are top 4 in
Friday 27 January 2012, CFI with report from the World Economic Forum in Davos, Switzerland with anchor Bloomberg Television Key Points Banking reforms are still a work in progress – there
The 2011 CFI Top 100 Emerging Market Companies were compiled by using the nominations and the votes from CFI’s subscriber base and in addition by the judges on the editing
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