The heterogeneity among European manufacturing systems has widened in the last 15 years
under the competitive pressure of new industrial powers within and outside the EU boundaries
and as a result of the 2008 global recession. This paper describes this transformation, in
terms of the sectoral composition and the geographical concentration of industrial activities.
It also analyses how cross-country differences in export performance, in the dynamics of
domestic demand and in the exposure to low-cost import competition have contributed to the
divergence in fortunes in European manufacturing.
By Livio Romano
Understanding Structural Divergence in European Manufacturing.pdfVisualizza dettagli
Understanding Structural Divergence in European Manufacturing.pdf