Europe?s labour and social institutions need urgent reform if we are to grasp the opportunities offered by globalisation and avoid the threats. But the notion of a single ?European Social Model?? is largely unhelpful for thinking about reforms. Of the four main models operating, the ?Nordic??...

Although much has been written recently on the likely impact of 1992 on European economies, relatively little attention has been devoted to the external impact of the internal market. Yet, given the importance of the Community in world trade, the completion of Europe's domestic market could...

Introduction / Mathias Dewatripont, André Sapir and Khalid Sekkat -- How much has LDC trade affected Western job markets? / Richard Freeman and Ana Revenga -- Relative prices, trade and restructuring in European industry / Damien Neven and Charles Wyplosz -- Labour market effects of trade with...

Banking has grown too much in Europe - in three senses. First, the European banking system has reached a size where its contribution to real economic growth is likely to be nil or negative. Second, the European financial structure is biased towards banks (rather than securities markets), which...