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The European Union at 50<br />

<strong>the</strong> last years a real radical neo-liberal globalization and trans<strong>format</strong>ion, while<br />

<strong>the</strong> benefits of this trans<strong>format</strong>ion are ra<strong>the</strong>r mixed. In our follow<strong>in</strong>g Table, EU-<br />

25 member countries are underl<strong>in</strong>ed.<br />

Table 10.7: EU-25 – global best practice <strong>in</strong> globalization, global worst<br />

practice rates of decreas<strong>in</strong>g social well-be<strong>in</strong>g?<br />

“Best practice” globalizers: European among <strong>the</strong> world’s top 30 globalizers (correlation over time of <strong>the</strong> rates of<br />

<strong>in</strong>flows of foreign direct <strong>in</strong>vestment per GDP)<br />

Poland; France; Portugal; Costa Rica; Croatia; Pakistan; Ch<strong>in</strong>a; Israel; Latvia; Uganda; Moldova; Russian Federation; Slovak<br />

Republic; Romania; Lithuania; Mongolia; India; Chile; Azerbaijan; Honduras; Mexico; Nicaragua; Austria; Belgium; Denmark;<br />

Turkey; Armenia; Hungary; Venezuela; RB; Nepal; Germany<br />

“Best practice” reduction of <strong>the</strong> comparative price level (US=100): Europeans among <strong>the</strong> world’s top 30 reducers<br />

of <strong>the</strong> price level (see Chapter below)<br />

Luxembourg; Equatorial Gu<strong>in</strong>ea; Argent<strong>in</strong>a; S<strong>in</strong>gapore; Brazil; Switzerland; Denmark; Germany; Austria; France; Uzbekistan;<br />

Hong Kong; Ch<strong>in</strong>a (SAR); Uruguay; Belgium; Japan; Ne<strong>the</strong>rlands; Sweden; F<strong>in</strong>land; Italy; Croatia; Paraguay; Australia;<br />

Lesotho; Rwanda; Greece; Norway; New Zealand; South Africa; Tajikistan; Peru; Chile<br />

But worst practice rises <strong>in</strong> <strong>in</strong>equality: European among <strong>the</strong> world’s top 30 <strong>in</strong>creases <strong>in</strong> <strong>in</strong>equality<br />

Ch<strong>in</strong>a; Slovak Republic; Nigeria; Czech Republic; Bangladesh; Gambia; The; Spa<strong>in</strong>; Hungary; Panama; Australia; Latvia;<br />

Romania; Egypt; Arab Rep.; Gabon; Mexico; Venezuela; RB; Philipp<strong>in</strong>es; Moldova; Bulgaria; Pakistan; New Zealand;<br />

Ne<strong>the</strong>rlands; Japan; Slovenia; Tunisia; Turkey; Azerbaijan; Ireland; Portugal; Poland; Malawi<br />

Worst practice long-term tendency towards stagnation: Europeans among <strong>the</strong> world’s top 30 <strong>in</strong> slow long-term<br />

economic recovery; measured by <strong>the</strong> time series correlation of economic growth rate over time<br />

Pakistan; Burundi; Japan; Moldova; Russian Federation; Bulgaria; Egypt; Arab Rep.; Romania; Indonesia; Mongolia;<br />

Zimbabwe; Kenya; Thailand; Jordan; Italy; Cyprus; Colombia; Latvia; Malaysia; Algeria; South Africa; Gambia; The; Kyrgyz<br />

Republic; S<strong>in</strong>gapore; Brazil; Zambia; Lithuania; Turkey; New Zealand; Norway; Czech Republic<br />

Worst practice tendency towards unemployment: Europeans among <strong>the</strong> world’s top 30 with unemployment is<br />

ris<strong>in</strong>g over time (time series correlation of ILO Laborsta unemployment rates over time)<br />

Mauritius; Haiti; South Africa; Tajikistan; Azerbaijan; Estonia; Croatia; Indonesia; Namibia; Algeria; Argent<strong>in</strong>a; Greece; Czech<br />

Republic; Ukra<strong>in</strong>e; Saudi Arabia; Brazil; Luxembourg; Philipp<strong>in</strong>es; Bangladesh; Pakistan; Japan; Uzbekistan; Slovakia; Albania;<br />

Uruguay; Egypt; Ecuador; Nicaragua; Russian Federation; F<strong>in</strong>land; Israel<br />

Us<strong>in</strong>g <strong>the</strong> University of Texas Inequality Project data series on <strong>in</strong>equality <strong>in</strong> <strong>the</strong><br />

world system s<strong>in</strong>ce <strong>the</strong> 1960s, based on solid pay data, we arrive at <strong>the</strong> follow<strong>in</strong>g<br />

world map of time series correlations with <strong>in</strong>equality. The real explosion of pay<br />

<strong>in</strong>equality <strong>in</strong> <strong>the</strong> European East has to be noted. Still, <strong>the</strong> share of <strong>the</strong> poorest<br />

20% <strong>in</strong> total <strong>in</strong>comes <strong>in</strong> <strong>the</strong> US is lower than <strong>in</strong> most European countries (except<br />

<strong>in</strong> <strong>the</strong> former USSR, see our data based on UNDP sources). Eastern Europe was<br />

<strong>the</strong> region which most rapidly globalized and which had <strong>the</strong> most rapid<br />

tendency towards <strong>in</strong>equality at <strong>the</strong> same time:<br />

Entelequia. Revista Interdiscipl<strong>in</strong>ar · CAEI Arno Tausch / 203

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