The Value Gap: Europe Cannot Scale
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In 2008, the aggregate market value of U.S.-listed firms was roughly one-third higher than that of European-listed firms. By 2023, it was more than 300% higher, a difference of $34 trillion. The valuation gap is broad-based, rather than concentrated among a few superstar firms, and is driven by
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美国国家经济研究局创建时间：
2026-08-01
