With a total population of “only” a half billion, Europe doesn’t even have the theoretical capacity to generate an economic system as wildly large and divergent as China, with its 1.4 billion souls. But Europe does have a Japan, Korea, and Taiwan (Germany, the Netherlands, Austria, and Belgium). It also has its own Thailands and Malaysias (Poland, Hungary, Slovakia, and the Czech Republic). It even has hangers-on that contribute in uniquely European ways. Romania, Bulgaria, and especially Turkey are a bit like Vietnam in that, yes, they are low-wage, but all (and triply so for Turkey) often
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