文档介绍：Europe
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Economy
Europe was the first of the major world regions to develop a modern economy based mercial agriculture, industrial development, and the provision of specialized services.
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Its essful modernization can be traced to the continent's rich endowment of economic resources, its history of innovations, the evolution of a skilled and educated labor force, and the interconnectedness of all its parts—both naturally existing and man-made—which facilitated the easy movement of massive quantities of raw materials and finished goods and munication of ideas.
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During the 20th century Europe experienced periods of considerable economic growth and prosperity. However, continued economic development was handicapped to some degree by the continent's multinational character—which spawned economic rivalries among states and two devastating world wars—as well as by the exhaustion of many of Europe's resources and by increased petition from overseas.
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Moreover, governmental protectionism, which tended to restrict the potential market for products, deprived panies of the efficiencies of large-scale production serving a mass market. This tendency was greatly reduced with the establishment of the European munity (EEC; now the munity, part of the EU) and the ongoing evolution of the EU.
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In the late 20th and early 21st centuries, manufacturing remained important to Europe's economy but increasingly was overshadowed by the dramatic growth of the service sector. Manufacturing also showed great regional disparity. Western Europe tended to attract so-called “high-value-added” manufacturing industries (. automobile, fabrication and aerospace work), whose finished products are worth much more than the materials and labor needed to create them.
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