Strategic Public Private Partnerships
Show Less

Strategic Public Private Partnerships

Innovation and Development

David J. Maurrasse

This timely book addresses contemporary and future dynamics of collaboration, combining public, private, and nongovernmental resources at a time when global concerns – ranging from economic insecurity to environmental threats to chronic diseases – cannot be solved by single sectors.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Partnerships in Europe

Innovation and Development

David J. Maurrasse


The status of European economies has become the focal point of great trepidation around the world. While a part of the industrialized world, European nations are facing economic crises. Some nations, such as Germany, are better positioned to continue economic growth, while others, such as Greece, face much dimmer prospects. These nations are linked economically, despite their varied paths to development and innovation into the future. Intervention by central banks in European nations has led to fiscal austerity to weather a deep economic downturn. Nevertheless, the future of European economies will still require some degree of innovation and growth. Europe is no exception within the context of a global economic slowdown, but the deep links between European nations and the rest of the world demonstrates the extensive interdependence within the world’s economy. According to the IMF’s World Economic Outlook, global fiscal policy would continue to tighten in 2012, though to a slightly lesser degree than in 2011, and advanced economies would suffer the most tightening, while emerging economies would experience substantially less. Gross-debt-to-GDP ratios were predicted to rise further in Europe’s many advanced economies, with G7 economies experiencing the sharpest rise. Sharper than expected slowing of growth in the euro zone in the last quarter of 2011 was due to concerns of an escalated euro area crisis: several measures were adopted in response: long-term refinancing operations (LTROs) by the European Central Bank, strengthened fiscal com- pact, structural reforms, fiscal consolidation, and steps to enhance the European firewall.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.