A comparison of regional differentials in the European Community and the United States

Andrea Boltho

Chapter 4 in Improving Economic and Social Cohesion in the European Community, 1994, pp 41-53 from Palgrave Macmillan

Abstract: Abstract As has often been noted, the United States and the European Community share a number of common economic features. First and foremost are size and living standards. The population of the United States at the beginning of this decade was about 250 million, as against a European Community figure of some 325 million (270 million if Greece, Portugal and Spain are excluded). Total output, expressed in purchasing-power parities, differed marginally between the $5,400bn of the United States and the EC’s $5,100bn, though GDPs per capita, at $21,400 and $15,600 respectively, differed more substantially. Both areas displayed relatively limited openness to foreign trade (once intra-Community exchanges are excluded from the EC data). The share of each in merchandise exports and imports in total output was 17–18%.1

Keywords: Social Cohesion; Monetary Union; Labour Mobility; Regional Income; European Monetary System (search for similar items in EconPapers)
Date: 1994
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DOI: 10.1007/978-1-349-23438-7_4

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