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The article discusses on the measure used to gauge poverty in the U.S., Europe and other developing countries. It discusses that the present official measure of poverty in the U.S. is flawed and both, the poverty threshold and measurement of available resources should be improved. It reports that European countries provided with sufficient social aid but they face a technical problem of relative poverty threshold. Also mentioned are the levels of economic development in developing and underdeveloped countries.

China's recent economic growth has been driven by an apparent acceptance by the Chinese government of many of the key insights of Hayek's economic and social thought. Current Chinese economic policies stand in stark contrast to those being pursued by the EU and many European countries, where interventionist policies of the kind Hayek predicted would lead to relative impoverishment and declining freedom are being pursued. The long-term consequence of these two trends is likely to be the economic dominance of China over Europe in the present century. [ABSTRACT FROM AUTHOR]

The sustainable development (SD) strategies of two successive French governments, led by Prime Ministers Jospin (1997–2002) and Raffarin (from 2002), are compared and analysed in relation to three debates: (i) the influence of institutional settings and levels of continuity between international, European and national policy frameworks; (ii) compatibility between SD policy frames, national policy style and institutional capacity and (iii) relationships between traditional political discourses and SD discourse. Difficulties in achieving a good ‘fit’ are identified in each of these areas, explanations are offered and implications for future developments outlined. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Presents an overview of articles on economic policy agenda for the 21st century. Definition of the U.S. economic policy agenda; Analysis of the challenges of stimulating economic growth in Europe; Examination of the changes in European competition policy.