The textbook response to deteriorating economic performance is monetary easing, the lowering of official interest rates. When the financial and economic crises hit Europe in 2008, however, monetary policy had very little room in most European countries, as the central bank interest rates were...

The FOI model developed by the authors measures the future, outside and inside potential of a country. With the help of the model the OECD countries are evaluated, and four typical clusters are found which can represent four typical development models within the club of developed economies.

The book presents a FOI model analysis of the OECD countries, and highlights some of their possible development paths.