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Europe and its new role in the world economy

Europe has changed in both its internal structure and its position in the world economy. The deepening of the European Union through the process of economic and monetary union, and the widening of the European Union through the accession of new member states has raised new challenges. more

Finance-led capitalism

Since the 1980s a new phase of capitalism has developed, first in the US and then in Europe, in which the financial sector plays a leading role. Innovation, deregulation and internationalisation have led to a marked growth of both financial institutions and of financial markets. more

Alternative development strategies

Most Western countries have been moving towards a more market dominated and less politically and socially regulated model of capitalism. But some countries, including some in Europe such as Sweden or Denmark, have defended a more socially-oriented model of capitalism with a greater degree of political and institutional regulation. more