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Why The US Grows While The EU Slows: Adam Smith's Recipe
Why The US Grows While The EU Slows: Adam Smith's Recipe Authored by David Hebert via TheDailyEconomy.org, What explains the curious lack of economic progress in the EU over the past 16 years? In 2008, the economies of the European Union and the United States were roughly equal in size in terms of GDP. Fast forward through a global financial crisis and pandemic and the US economy has nearly doubled while Europe’s has barely grown at all. How can we explain this? One answer is
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