{"id":1616,"date":"2011-06-16T18:01:19","date_gmt":"2011-06-16T16:01:19","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=1616"},"modified":"2011-06-16T18:01:19","modified_gmt":"2011-06-16T16:01:19","slug":"europe%e2%80%99s-competitiveness-trap","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/europe%e2%80%99s-competitiveness-trap\/","title":{"rendered":"Europe\u2019s Competitiveness Trap"},"content":{"rendered":"<p><a dir=\"ltr\" lang=\"en\" xml:lang=\"en\" rel=\"author\" href=\"http:\/\/www.project-syndicate.org\/contributor\/4029\" target=\"_blank\">Tilford, Simon<\/a>.<\/p>\n<p>A flawed understanding of what drives economic growth has emerged as the gravest threat to recovery in Europe. European policymakers are obsessed with national \u201ccompetitiveness,\u201d and genuinely appear to think that prosperity is synonymous with trade surpluses. This largely explains why Germany is routinely cited as an example of a strong, \u201ccompetitive\u201d economy.<\/p>\n<p>But economic growth, even in traditionally export-led economies, is driven by productivity growth, not by the ability to capture a growing share of global markets. While imports must, of course, be financed by exports, the focus on trade competitiveness is drawing attention away from Europe\u2019s underlying problem \u2013 very weak productivity growth. And this is as serious a problem in the economies running trade surpluses as it is in those running deficits.<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong>Project Syndicate<\/p>\n<p><a href=\"http:\/\/www.project-syndicate.org\/commentary\/tilford1\/English\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tilford, Simon. A flawed understanding of what drives economic growth has emerged as the gravest threat to recovery in Europe. European policymakers are obsessed with national \u201ccompetitiveness,\u201d and genuinely appear to think that prosperity is synonymous with trade surpluses. This largely explains why Germany is routinely cited as an example of a strong, \u201ccompetitive\u201d economy. [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,40],"tags":[25],"class_list":["post-1616","post","type-post","status-publish","format-standard","hentry","category-18","category-40","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=1616"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1616\/revisions"}],"predecessor-version":[{"id":1617,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/1616\/revisions\/1617"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=1616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=1616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=1616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}