Corporate Governance; Corporate Governance Across the World; European Competitiveness; Europe;
From the end of the Second World War until the end of the 20th Century, the world has known a period of almost uninterrupted growth, which has translated into higher living standards, a rapid expansion of international trade and longer lives. Initially concentrated in the advanced mature economies of North America, Europe and Japan, this positive wave found additional momentum in technological progress (especially on the information technology side), turning into another episode of rapid globalisation. New large economies started to emerge (China, India), while mass poverty kept regressing (according to the World Bank, 22% of the world lived below the poverty line in 2008, down from 52% in 1981). However, with the beginning of the 21st century, it became clear that reducing inequalities among countries was not necessarily synonymous with reducing inequalities within countries.