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

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

3. 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

4. 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

5. 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

6. 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

7. VIDEO European Economy Explained - Climbing higher together