Europe is undergoing an economic crisis of faltering growth, rising income inequality, and stagnating employment, declare Heshmati (economics, U. of Kurdistan Hawler, Iraq) and Tausch (political science, Innsbruck U., Austria). They present seven papers that examine different aspects of this crisis and include discussion of other regions for comparative purposes. The papers include an examination of the European Council's development strategy known as the Lisbon Strategy, the measurement of Lisbon Strategy indices for quantifying the level and patterns of development for countries, links between globalization and labor markets in the Indian manufacturing industry, the causal relationship between inequality and macroeconomic variables found in the inequality and growth literature, the neglect of aggregate demand in the Lisbon Strategy, effects of the lack of industrial policy and structural dependence on economic growth and social development in Europe, and demographic alternatives for dealing with population aging and low or negative growth of the labor force in the Global North. Also included is the 1998 Economists' Manifesto on Unemployment in Europe, penned by Franco Modigliani, Beniamino Moro, Robert Solow, and others. Annotation ©2008 Book News, Inc., Portland, OR (booknews.com)
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