Market failure and government failure in European debt crisis
This paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failur...
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EDP Sciences
2021-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03025.pdf |
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doaj-c4b86f2904b04a19b2a1d4cca61b5aaa2021-07-07T11:32:27ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012750302510.1051/e3sconf/202127503025e3sconf_eilcd2021_03025Market failure and government failure in European debt crisisYan Jingwen0Cai Zhishan1Zhou Rui2School of Economics, Wuhan University of TechnologySchool of Economics, Wuhan University of TechnologySchool of Economics, Wuhan University of TechnologyThis paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failure. Both sides should make great efforts to solve this problem. There is a long-term process to solve the European debt problem. Only by developing competitive industries and regaining international competitiveness is the effective way for euro zone countries to get rid of the predicament fundamentally.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03025.pdf |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Yan Jingwen Cai Zhishan Zhou Rui |
| spellingShingle |
Yan Jingwen Cai Zhishan Zhou Rui Market failure and government failure in European debt crisis E3S Web of Conferences |
| author_facet |
Yan Jingwen Cai Zhishan Zhou Rui |
| author_sort |
Yan Jingwen |
| title |
Market failure and government failure in European debt crisis |
| title_short |
Market failure and government failure in European debt crisis |
| title_full |
Market failure and government failure in European debt crisis |
| title_fullStr |
Market failure and government failure in European debt crisis |
| title_full_unstemmed |
Market failure and government failure in European debt crisis |
| title_sort |
market failure and government failure in european debt crisis |
| publisher |
EDP Sciences |
| series |
E3S Web of Conferences |
| issn |
2267-1242 |
| publishDate |
2021-01-01 |
| description |
This paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failure. Both sides should make great efforts to solve this problem. There is a long-term process to solve the European debt problem. Only by developing competitive industries and regaining international competitiveness is the effective way for euro zone countries to get rid of the predicament fundamentally. |
| url |
https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/51/e3sconf_eilcd2021_03025.pdf |
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AT yanjingwen marketfailureandgovernmentfailureineuropeandebtcrisis AT caizhishan marketfailureandgovernmentfailureineuropeandebtcrisis AT zhourui marketfailureandgovernmentfailureineuropeandebtcrisis |
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