Competitiveness in the European Economy

Competitiveness has become a major issue in the European debate as differences in the competitive position of the member states are considered to be one of the main causes for the Euro-crisis and the macroeconomic imbalances within the Euro Area. However, there is still no consensus on the best way to measure competitiveness. This book provides an up to date analysis of the causes of European imbalances by comparing Germany and Italy, two key countries of the Eurozone.