Question

求英文介绍the difference between European and American universities

Answer 1

欧洲和美国之间的差异
In the past 10 years, the euro zone economic growth has lagged behind the United States. From 1994 to 2003, average annual growth rate of 3.3% in the U.S. economy, the euro area was only 2.1%. Average annual growth rate of per capita GDP, the United States was 2.1%, 1.8% in the euro area, this gap is relatively modest, less than the GDP growth rate differences. Moreover, the German East and West Germany merged in 1990, the nation's economy has been in wandering into. If not, Germany, 10 years, the euro area GDP per capita average annual growth of 2.1%, exactly the same with the United States.

In people's minds, the U.S. productivity growth is faster in the euro area. Statistically, if the target diameter is uniform throughout the national economy the production of GDP per hour worked to calculate the 10 years the average annual U.S. productivity growth of 2.0%, slightly higher than the euro zone to 1.7% growth.

Should be recognized that, in the past 10 years, U.S. productivity continues to accelerate, while the euro area productivity growth slowed. The reasons for the slowdown in productivity growth in the euro area, one of labor and product market rigidities, the structural contradiction, can not effectively play the role of modern information technology; the second is the European Union since 1996, to make labor markets more flexible, to take various reform measures to enhance labor-intensive industries role in economic growth. For example, reducing the labor tax rate low-income workers, relaxing full-time and temporary workers on the employment provisions, to encourage companies to hire more new workers. Although the results led to reduced productivity, but to make more non-skilled and low-skilled workers entering the labor market, thereby increasing employment opportunities for the euro area. Since 1997, total employment in the euro area increased by 8%, while the U.S. increased by only 6%.

In addition, the general view that there is a huge U.S. current account deficit is due to return on capital is higher than the euro area the United States, in order to attract a large number of net inflow of foreign capital. In fact, this is a misunderstanding. According to Goldman Sachs calculated the euro area in recent years, return on capital and the United States roughly the same.