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Nierównowaga wewnętrzna w Unii Europejskiej jako przykład niezrównoważonej internacjonalizacji

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Szydło W.
Studia Ekonomiczne
|
2013
|
vol. 172
235-250
EN
The experience of recent years proves that high balances (especially deficits) on current account are unsustainable in the long run. The return of the European countries to growth path requires joint effort by the whole continent. The core countries should increase consumption and boost import from peripheral countries. Economic growth financed by expansion of debt (both government and private) leads to long-term financial contagion. The is a need for new economic paradigm resting on the notion of steady increase of income of the broad spectrum of society in line with productivity growth. It is claimed that financial sector requires thorough regulation, government should actively fight with asset bubbles and some peripheral countries ought to abandon the EMU.
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