COUNTRY PRESENTATION PART ONE

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Presentation transcript:

COUNTRY PRESENTATION PART ONE EUROPEAN UNION (EU) COUNTRY PRESENTATION PART ONE

INTRODUCTION political & economic union 28 member states 500 mio people established in 1951 monetary union of 19 states

SUCCESS FACTORS WEALTH 25% of world’s GDP 30% of world’s net wealth (°) € 2nd largest currency GDP/capita $41.000: 30th world ranking single market = engine of economic growth (°) value of all the non-financial and financial assets owned minus the value of all outstanding liabilities

FAILURES WEALTH internal divergencies (north vs south) negative impact of political instability (brexit) low flexibility of labour market (°) slow population growth strong dependence on energy import (°) decreasing working-time, increasing wages and labour costs

SUCCESS FACTORS WELL-BEING HDI 0,874: 30th world ranking and increasing high life expectancy high level of education high standard of living extensive social security democratic political system peace kept for last 70 years cultural diversity

FAILURES WELL-BEING GINI 0,31: medium and increasing need for social Europe social inclusion issue of migration high ecological footprint well-being challenges in area of: mental health social cohesion sustainable progress

VIDEO European Economy Explained - Climbing higher together https://www.youtube.com/watch?v=Ezv8leWr4Ck

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