EUROPE's ECONOMICS LESSONS

The Europe that Obama is visiting this week is quite different from the one Americans often hear about, says Henry Olson, vice president of the American Enterprise Institute and director of its National Research Initiative.

Over the last decade, much of Europe has very quietly embraced market-based reforms that draw inspiration from American successes. In recent years, many European countries, including Germany, Spain and Britain, have reduced their countries' top corporate tax rates. Center-right governments in Greece, Denmark, Ireland and Eastern Europe have also dramatically reduced corporate tax rates.

European politicians now recognize that the energy and innovation of market actors can better produce wealth than traditional social democratic government-run 'solutions',

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