Description
Europeans and many American pundits believe that while the U.S. economy may create more growth, Europeans have it better when it comes to job security and other factors. Olaf Gersemann, a German reporter who came to America, found the reality quite different. He checked facts and found the market freedoms in America create a more flexible, adaptable and prosperous system than the declining welfare states of old Europe.
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Although American economic growth is better than many European countries, Europeans believe Americans suffer from greater wealth inequality and other social problems because of their style of economy. Not so, argues Gersemann (Washington correspondent for Wirtschaftswoche, a German economic weekly), not only is American growth, employment, and productivity better than the Europeans, but on issues of economic justice and security the United States does not compare unfavorably with Europe. He seeks to debunk European "prejudices about and stereotypes of the American economy" and presents statistics to back up his case. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)
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