Endgame Europe

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Summary

Low-skilled as well as high-technology jobs have recently migrated from Europe to Asia, where labor cost is much lower, causing mass unemployment in some Western countries. For instance, a large Sw...

Low-skilled as well as high-technology jobs have recently migrated from Europe to Asia, where labor cost is much lower, causing mass unemployment in some Western countries. For instance, a large Swiss Bank and some European airline companies have their data processing system developed and operated by Indian engineers based in India. Is Europe losing out to Asian competition? What will the consequences be on the Welfare state?

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