A Challenge to Europe's Economies; ; Berlin

In the cars and buildings afire across France, many economists see not only the rage of a disaffected generation but the death of a particularly European dream. For the 40 years after World War II, much of western Europe embodied the lofty ideals of a socialized democracy, spoiling citizens and attr...

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Bibliographic Details
Published in:U.S. news & world report 2005-11, Vol.139 (19), p.36
Main Author: Perry, Joellen
Format: Magazinearticle
Language:English
Subjects:
Democracy
Economic growth
Economic models
Noncitizens
Socialism
Unemployment
Workweeks
Online Access:Get full text
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Summary:In the cars and buildings afire across France, many economists see not only the rage of a disaffected generation but the death of a particularly European dream. For the 40 years after World War II, much of western Europe embodied the lofty ideals of a socialized democracy, spoiling citizens and attracting immigrants with high wages, ample jobs, and a generous social safety net. Now, in the face of ballooning immigrant populations, eastward expansion, and globalization pressures, "it's clear that the European social model has failed," says Jean Pisani-Ferry, a director at Brussels's Bruegel economic think tank.
ISSN:0041-5537
2169-9283