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Article: The business of Europe. (free internal market; includes an article on the cultural difference of managers from the different countries)
- Article from:
- The Economist (US)
- Article date:
- December 7, 1991
CopyrightCOPYRIGHT 1991 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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"IF WE cannot compete, we can achieve nothing", it says in a recent report from the European Round Table of Industrialists, a group of 45 of the European Community's biggest companies. The tone is urgent. The conviction that Europe may be losing its edge to compete in world markets has driven European businessmen to undertake a new industrial revolution.
in the first industrial revolution more than 150 years ago, Europe started early and came out ahead. in the second half of this century, Europe has got uncomfortably used to following rather than leading the pack. Lulled by almost uninterrupted economic growth and low inflation in the 1950s and 1960s, and used to ...