Western Europe includes many of the largest and most advanced economies in the world. Home to many major multinational corporations, and further strengthened by the growth of the European Union, Europe looks to remain a major economic player in the global market.
In the late 1800's and early 1900's, the Industrial Revolution brought major changes to the UK and then the rest of Europe. World War II would, however, destroy much of that infrastructure. Since then, Europe has rebuilt and invented itself during such times as the "Thirty Glorious Years" in post-WWII France and the "Irish Miracle" of the past decade. Many also point to issues stemming from the fragmented politics and geography, including recent underperformance in Germany, continued cultural and economic divisions in Italy, and burgeoning political and social issues as immigration and globalization continue to shift population demographics.
Western Europe, nonetheless, remains a favorable and stable environment for investors and corporations. With the continued integration of the numerous countries into its fold, the E.U. looks to gain additional economic benefits and strengths from its size and continued innovation. Western Europe has shifted further from its manufacturing roots into growth areas like high technology and financial services while cultivating an assortment of niche industries. Boosted by the recent flurry of acquisitions of European financial exchanges by those in the rest of the world, the renewed attention on this reemerging powerhouse only underscores the importance that this major economic area continues to hold in the world's markets.