Europe has built a Single Market of 440 million consumers and 23 million
companies, accounting for around 17% of global GDP [see Figure 1], while achieving rates of income inequality that
are around 10 percentage points below those seen in the United States (US) and China, according to some measures
[see Figure 2]. At the same time, the EU’s approach has delivered outstanding outcomes in terms of governance,
health, education and environmental protection.
