Western Europe the emergence of EC/EU social policies has had further consequences for VET in Member States, while, at the same time, existing education and training systems have presumably influenced the shaping of EC/EU policies. Introduction Like all pre-industrial societies, medieval Europe had a predominantly agricultural economy. - Volume 1 Issue 1 Contents. A Business History Perspective The origins of the market are obscure, but substantial docu-mentary evidence survives from the eleventh century on-ward, when chartered markets and new towns were estab-lished across Western Europe. Western Europe = 1 199 10.2 The uses of local and central government spending in Europe … In January 2000, the European Centre for the Development of Vocational Training (Cedefop) The economy of Medieval Europe was based primarily on farming, but as time went by trade and industry became more important, towns grew in number and size, and merchants became more important.. The differences in climate, terrain, and natural resources provide for a diversity of economic activities that influence cultural development within the European community. ), The Organisation of a Bank Archive (Frankfurt-a.-M.: European Association for Banking History, 1993. The Marshall Plan, also known as the European Recovery Program, was a U.S. program providing aid to Western Europe following the devastation of World War II. The earliest evidence of … Recovery of the European Economy. Trade. Further study. Western Europe can be divided into a number of smaller geographic regions, including northern Europe, southern Europe, Central Europe, and the British Isles. Accounting is a language that dates back thousands of years and one that has been used in many parts of the world. 144 pp.) Introduction. In fact, between 1500 and 1800, Western Europe expe-rienced a … The immediate trigger was a combination of speculative activity in the financial markets, focusing particularly on property transactions – especially in the USA and western Europe – and the availability of cheap credit, says Scott Newton, emeritus professor of modern British and international history at the University of Cardiff. century Western Europe. To achieve these goals and deepen public understanding, offices in Europe maintain dialogue in donor countries with parliamentarians, civil society, business community, researchers and academia, and media. The expansion of the market system is important for business history because it created 10.1 GDP per capita in the USa, Russia and Eastern Europe relative to Western Europe 1950–90. 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