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Using meanigful quantitative data, the authors address the deterioration and divergence of economic performance across Europe since 1973. They look at: attempts to improve domestic competitiveness; labour market deregulation; the impact of research and development on economic success; comparative analysis of state expenditure and debt; the military economy and the social consequences of industrialism and industrial restructuring. This volume seeks to show how the post-war boom has unravelled and how this process has impacted upon the different European economies.