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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: smolejv@gmx.net who wrote (34197)5/22/2003 2:35:53 AM
From: elmatador  Read Replies (1) of 74559
 
“Europe is developing a peculiar sort of post-industrial economy. As manufacturing industry declines in importance in rich countries, production is supposed to switch to profitable services. Instead, the fastest increases in production in Western Europe this decade have been in heavily subsidised farming. According to the World Bank, agricultural production in most European countries grew by more than 3% a year from 1980 to 1985—led by Holland (7.8%), Denmark (5.1%) and West Germany (4%). Services grew by barely 2% a year. In little over a decade, the EC’s sugar regime has turned the community from a major net sugar importer to the world’s largest exporter.

Britain has shared in this unexpected trend, and seen agriculture-led growth for the first time since the early eighteen century.”

Elmat's book circa 1989.

You see, pezz, at least now you can't say anymore I always pick on the US only :-)
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