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Frontmatter -- Vorwort -- Inhaltsverzeichnis -- Abbildungsverzeichnis -- Tabellenverzeichnis -- Zusammenfassung -- 1. Einführung -- 2. Euro-Krisendynamik in 2010-12 -- 3. Ansteckungsdynamik und Problematik einer Ausweitung der Euro-Krise -- 4. Probleme der internationalen Wettbewerbsfähigkeit ausgewählter EU-Länder -- 5. Problematisches Krisenmanagement und Transatlantische Perspektiven zur Politik des Quantitative Easing -- 6. Ansatzpunkte zu...

Internationalization of the economy accelerated at the turn of the century. Growing national, regional, and global environmental problems associated with globalization present new challenges for policy-makers and international cooperation. Crucial problems concern air pollution, environmental problems from trade and transportation, and global warming. This book, based on theoretical and empirical analysis, comes up with new and innovative poli...

Nach der Bankenkrise stehen Deutschland und die Europäische Union vor einer Reihe von Herausforderungen. Die Beiträge dieses Bandes greifen die ökonomischen Probleme auf und schlagen Lösungen für Schlüsselbereiche der Wirtschaftspolitik vor. Mit dem Fokus auf den Themen Bankenreform, Wachstum, Konjunktur, EU-Kooperation, Fiskalpolitik, Geldpolitik, Sozialpolitik, Klimapolitik und Bankenregulierung haben die Autoren die kritischen Herausforderu...

Broadening and deepening of economic and political integration are hallmarks of the EU and ASEAN. This book critically analyses the economic and institutional changes in both Europe and Asia. There is considerable potential for instability, but one also finds regional growth opportunities. Comparative policy analysis and evaluation of various cooperation strategies are presented. Emphasis is on banking, financial market dynamics, ICT, and macr...

Based on historical perspectives of evolution of major organizations and the latest developments of the 1990s, the analysis here focuses on financial market dynamics, monetary issues and labor market aspects. Reform options for selected international organizations are discussed including aspects of trade, foreign investment and international externalities. Game theoretic concepts are also applied.

Paul J. J. Welfens European monetary union has been discussed for more than three decades and is likely to be realized in 1999. One may anticipate generous interpretations of the fiscal convergence criteria. Such generosity consistent with the Maastricht Treaty might impair the credibility of the ECB and the stability of the Euro, respectively, despite the fact that inflation is a monetary phenomenon and has little to do with government defici...

High unemployment rates in the period of an internationalization of economies and an intensified technological competition are the main problems that exist in most EU countries. Taking stock of unemployment patterns, technological trends and employment opportunities in the EU and the US is crucial for the reform debate in Europe. In continental Europe, major problems are an insufficient creation of new firms in innovative technology fields, in...

Deregulation, privatization and internationalization of the telecommunications industry has brought about enormous changes within both the European and world economy. The dynamics of the Internet and the recent wave of innovations in the telecommunications and computer industry have given rise to new opportunities for entrepreneurship, employment and growth. No doubt, the dynamics and imperfections of today`s information markets raise crucial ...

Die Studie analysiert den Gesundheitssektor aus regionaler Sicht und entwickelt eine Vergleichsperspektive für Deutschland bzw. Österreich. Cluster bzw. regionale Innovationseffekte werden thematisiert. Als Analyseinstrument wird u. a. die Soziale Netzwerkanalyse genutzt. Zudem wird das Angebot von Risikokapital für diesen innovativen Sektor in den Regionen näher betrachtet. Wichtige Analyseaspekte betreffen Wissensübertragung, Innovationsdyna...

Information & communication technology (ICT) and the automotive sector are two of the most important industries in the EU and the US. The EU’s eastern expansion and economic globalization have reinforced competition on the one hand, on the other hand the importance of outsourcing and off-shoring has increased. Against this background the intensification of innovation dynamics becomes crucial – and with them the role of regional innovation clus...

EU monetary integration was reinforced in the 1980s when macroeconomic convergence and a dominant role of the German Bundesbank created the basis for relatively stable exchange rates and increasing EU trade volumes. The analysis here focuses on the EMS crisis of 1992/93, the topic of optimum currency areas and the problem of fiscal policies and regional stabilization in Europe, the US and Canada. This book gives an assessment of the EMS develo...

After a decade of Eurosclerosis the EC is moving with renewed economic growth and increasing multinational investment toward a single European market under the heading "Project 1992". The creation of a single EC market creates dynamic adjustment needs and opens up new opportunities for international business in a period of intensified global competition and dramatic politico-economic changes. Since the mid-1980s Eastern Europe is undergoing a ...

Europe's economic and political landscape is changing dramatically. The demise of the socialist CMEA and the USSR has allowed eastern European economies to open up and caused Russia/the CIS to engage in a series of difficult reforms which have been supported by the G-7 and the International Monetary Fund plus the World Bank on the one hand, and, on the other hand, by the EU and the EBRD. While some of the (early) Visegrad countries apparently ...

Paul J. J. Welfens The editor is pleased to present a second edition of Economic Aspects of German Unification which includes new chapters and several postscripts. Almost five years after unification output in the ex-GDR is back to its 1989 level. Due to a massive intra-German resource transfer consumption per capita in eastern Germany has not fallen as much as output and employment which reduced by one-fifth within three years. Given high Wes...

Die Internationalisierung wirtschaftlicher und wirtschaftspolitischer Aktivitäten ist ein Kennzeichen der modernen Weltwirtschaft. Die Reibungsflächen zwischen beiden Sphären der Internationalisierung sind angesichts der Trägheit der politischen Systeme und der Flexibilität multi- und transnationaler Unternehmen beträchtlich. Im vorliegenden Buch werden die theoretischen Probleme einer Analyse der Weltwirtschaft aufgezeigt und das Reibungsverh...

The EU Single Market and the opening up of Eastern Europe offer a chance to create a truly pan-European market economy. In this respect, many lessons can be learned from early 20th-century developments in Europe. Bearing this in mind, the authors analyze the fragility of international trade, financial investment and foreign relations in and across Europe, from both a contemporary and historical perspective. In a period of increased migration a...

Competition in network industries faces particular problems which are analyzed from both a theoretical and policy perspective. Issues of vertical integration, deregulation and privatization are covered. While competition and privatization are rapidly unfolding in telecommunications in Western and Eastern Europe, energy and railway transportation represent sectors of more gradual liberalization. The different market characteristics of telecommu...

This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements in modern economies – including perspectives on green growth and aspects of the knowledge production function in the context of multinational companies. As such the book considers the role of foreign dire...

Socialist economies in Eastern Europe have collapsed and em- barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed. Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of privatization and foreign investment are adressed. Foreign economic liberalization ...

Economic globalization is a complex phenomenon where the links between social security expenditures and globalization are not well understood so far. This study summarizes new key findings and highlights new theoretical insights in the field of social security systems, labor standards, taxation and economic globalization. Moreover, new thoughts on the links between social security systems and migration as well as between free trade areas and s...