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During the second half of the eighties, Euro-pessimism slowly
started giving way to Euro-optimism. Several years of uninterrupted
economic growth, soaring stocks markets and improving East-West
relationships gave Europe the confidence that it might regain some
of its lost economic power. In this optimistic environment, the
1992 initiative quickly gained momentum.
The restructuring of most European industries may have taken an
irreversible turn. However, is this a turn in the right direction?
Is European industry becoming more competitive? This book evaluates
what has been accomplished to date and what the key remaining
policy and managerial tasks are for the 1990s.
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