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What can European leaders learn from Koizumi?. CEPS Policy Briefs No. 97, 1 March 2006

Ubide, Angel. (2006) What can European leaders learn from Koizumi?. CEPS Policy Briefs No. 97, 1 March 2006. [Policy Paper]

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    Abstract

    Following a long period of stagnation, Japan is growing again. The key to this success story is Koizumi’s relentless focus on structural reform, with two objectives: breaking the structural trap of political constituencies defending old and unproductive economic sectors; and adopting a two-pronged macro-micro approach to make reform unavoidable. This paper argues that Europe should follow a similar strategy whereby financial market integration, and not the EU bureaucracy and grandiose political declarations, should be the main driving force of national economic reforms, pressuring liberalisation in goods and services markets and making labour market reforms unavoidable.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    Countries > Japan
    EU policies and themes > Policies & related activities > economic and financial affairs > general
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 10 Feb 2008
    Page Range: p. 4
    Last Modified: 15 Feb 2011 17:43
    URI: http://aei.pitt.edu/id/eprint/6599

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