Question: In the early 1990s, MIT economist Lester Thurow wrote that of the three major powers in the world economy in the twenty-first century, Europe would be the leader. However, its growth rate fell far behind the US in the 1990s. What were the major factors contributing to slower growth in Europe during that decade? To what extent do you think that slowdown will be reversed by the use of the euro in the early 2000s?