For Europe, the trade shock comes after 30-years of falling behind the U.S. in terms of productivity. Today, the cumulative gap in competitiveness is so large and growing that it can no longer simply be rationalized, trivialized, or relativized.
For Europe, the trade shock comes after 30-years of falling behind the U.S. in terms of productivity. Today, the cumulative gap in competitiveness is so large and growing that it can no longer simply be rationalized, trivialized, or relativized.
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