Economy of Europe

See also: Amorce=Pour economy of the countries of [[European Union]], to see, Economy of the European Union

If the Europe belongs to the richest areas economically and most powerful of planet, with the North America and the Japan, it is not a space economically homogeneous: all its countries are not developed Pays. The Western Europe very prosperous contrast with the poorer countries of the Eastern Europe of Balkans, even of certain areas of the South of the Italy and Portugal. The European Mégalopole constitutes the economic heart of Europe.

The European Union, the main thing together of the area, is the first economic power of the world. All its Member States trade between them freely thanks to the Common Market, and thirteen of its countries accentuated their collaboration within the Euro area. Agreements of Libre-échange also be made with countries partners (Suisse,…).

History

Economic correction

The countries of the South of Europe (Spain, Italy, Greece), as well as the Ireland, profited thanks to their entry in the European Union from a large accelerator from Economic development.

The campaigns were a long time the tanks of Main-d'oeuvre for the industrial towns of the center of Europe. Everywhere, modernization is in hand: the share of the Agriculture in the Active population and GDP strongly decreased after 1945, this evolution not being completed yet in the East.

The Eastern European country which adhered to the EU know a rapid growth, and their standard of living approaches gradually that of the remainder of the EU.

Important disparities

The richest areas belong to the European Mégalopole, vast triangle delimited by London, Milan and Hamburg, and which constitutes the economic heart of Europe. One also speaks about “blue banana”, Rhenish Axis or about “European Dorsal”.

These areas, which knew an early industrial revolution, are urbanized and best equipped. In spite of the crisis which affects certain industrial centers (for example, certain areas of Belgium and the north of France), the inhabitants of this part of Europe profit overall from the highest incomes.

The areas of Eastern Europe, in reconversion after their exit of the the USSR, have by comparison a Revenu per capita weak and, sometimes, a raised unemployment, but in strong regression during the Années 2000. In general, European outlying areas (Southern of the Italy, Portugal, Greece,…) are less rich than the center, even if the Northern Europe, prosperous and located on the technological Frontière, seems to make exception. An explanation would be that the Mediterranean peninsulas were touched more tardily by the movement of Industrialization.

The case of Russia

The Économie of Russia profits from the exploitation of its immense Natural resources oil and gas. She thus knew during the Années 2000 a strong growth of sound GDP with the favor of the rise of the courses of the raw materials.

Nonadherent countries at the EU

Switzerland, Norway, Iceland, three countries very rich of Europe, made the choice (by referendum) not adhere to the EU, partly because of their economic characteristics; the economy of Norway, one of richest in the world, profits from important oil layers. The economy of Switzerland rests partly on its banking environment. The economy of Iceland is also particular.

The Microphone-state S of Europe (Monaco, Liechtenstein, San Marino, the Vatican), prosperous, are not either members, but maintain the close links with the EU.

Various European economic units

; European Union