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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...

Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output - this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many co...

Die deutsche Wiedervereinigung und die Systemtransformation in Rußland stehen für zwei große Herausforderungen beim institutionellen, wirtschaftlichen und wirtschaftspolitischen Umbau industrialisierter Volkswirtschaften. Ausgewählte unternehmerische, juristische und politische Veränderungen in Deutschland und Rußland werden thematisiert, insbesondere auch Fragen der Wettbewerbs- und Währungsordnung und der regionalen und außenwirtschaftlichen...

Das Transatlantische Handels- und Investitionsabkommen zwischen der Europäischen Union und den USA könnte die größte Freihandelszone der Welt schaffen und ein für Deutschland und alle Länder der Weltwirtschaft wichtiger Expansion- und Innovationsimpuls werden. Neben den Außenhandelseffekten werden auch Direktinvestitionsaspekte bzw. multinationale Unternehmensperspektiven betrachtet. Der Fokus richtet sich insbesondere auf die Industriesektore...

John T. Addison and Paul J. J. Welfens Because inflation seems moribund in OECD countries, stubborn unemployment became the top policy priority of the 1990s. Unemployment has increased in many countries, reaching critical levels for unskilled and young workers in most continental EU countries. Europe's employment performance has continued to lag that in North America. The U. S. in particular achieved a remarkable combination of low inflation a...

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...

Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. Moreover, product and process innovations have been only partially integrated. The analysis suggests new approaches to innovations in open economies in many ways, including the Schumpeterian Mundell-Fleming model and new monetary growth models. A specific focus is on the role of innovations for output, employment and exchang...

Finanzmarktintegration kann zu Wirtschaftswachstum beitragen, wie man im Kontext der EU-Binnenmarktdynamik sehen kann, aber die Überlagerung von regionaler und globaler Integration führt auch zu Problemen. Thematisiert werden theoretische Ansätze - inklusiver neuer Modellierungen mit Berücksichtigung von Direktinvestitionen - und empirische Befunde zur Finanzmarktintegration und zur Verbindung von Integration und Wirtschaftswachstum. Dabei wir...

Frontmatter -- Vorwort -- Inhaltsverzeichnis -- Abbildungsverzeichnis -- Tabellenverzeichnis -- 1. Einführung -- 2. Finanzmarktentwicklungen: Innovation, Internationalisierung -- 3. Bankenkrise in Deutschland und EU-Ländern -- 4. Probleme der Finanzmärkte und der Bankenaufsicht in Deutschland -- 5. Mittelfristige Effekte der Bankenkrise in der EU und der Weltwirtschaft -- 6. Reformpolitische Optionen rationaler Wirtschaftspolitik -- Literatur ...

This study develops a new indicator for national and global sustainability. The main components of the EIIW-vita indicator are: the share of renewable energy, the genuine savings rate, and the relative "green export" position of the respective countries, it is in line with OECD requirements on composite indicators. As green exports are related to technological progress and environmental-friendly products, there is also a Schumpeterian perspect...

Using a Schumpeterian approach, this book views competitiveness as the outcome of rivalry and competition between industries of the three new and the old EU member states leading to the integration of the accession countries into the EU.

Die EU-Integration ist nach der Banken- und Eurokrise in eine Phase schwachen Wachstums eingetreten, bei deren Überwindung auch Impulse aus einem transatlantischen Handelsabkommen TTIP helfen könnten. Bislang wurde vor allem eine emotionale Debatte darüber geführt. Die vorliegenden Beiträge des Tagungsbandes tragen mit ihrer fakten-, theorie- und empiriebasierten Darstellung zu einer Versachlichung der Diskussionen bei und könnten zudem zahlre...

Erstmals wird in einer parallelen ökonomischen und juristischen Analyse der Wettbewerb auf den liberalisierten Telekommunikationsmärkten in Deutschland untersucht. Basierend auf einer expliziten Analyse der Marktphasen bzw. der Wettbewerbsdynamik nach Marktöffnung zeigen die Autoren, daß in Deutschland kritische Probleme der Marktbeherrschung bestehen. Ein sich selbst tragender, nachhaltiger Wettbewerb erscheint ohne adäquate Regulierungspolit...

This book focuses on the role of information and communication technologies for economic integration, networking and growth. Technological and regulatory dynamics are highlighted with respect to EU countries and the US. The analysis deals with the main issues of rational regulations in open economies. Schumpeterian developments and dynamic efficiency gains are crucial for Europe in the context of telecommunications competition and network mod...

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...

Economic globalisation is a long-term international process in which the roles of the EU, ASEAN, Korea, Japan and China are of increasing importance. Trade dynamics and foreign investment, as well as regional policy cooperation in Europe and Asia, are discussed here along with historical developments. Moreover, the book highlights links between European Community law and WTO regulations. The key challenges posed by China's economic expansion a...

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 has intensified since the 1980s and created faster channels of international interdependence and an accelerating technology race. In this new asymmetric world economy the EU is facing a dynamic and flexible US system which takes advantage of the global quest for foreign direct investment. Innovation policies in the EU - in particular in Germany - are found to be rather inadequate. There are also new theoretical challenge...

In dieser Untersuchung geht es um die ökonomische und technologische Dynamik der Informations- und Kommunikationswirtschaft in Deutschland, Westeuropa und den USA. Dabei werden neben den mittelfristigen Entwicklungen auf digitalen Märkten auch langfristige Trends in der Internetwirtschaft analysiert. Ausgehend von den nationalen Befunden und internationalen Vergleichen werden wachstums- und beschäftigungsförderliche Politikoptionen thematisier...

There are many issues relating to the new economy in Europe and the USA that are unexplored. Here, the authors present innovative theoretical and empirical analysis on Internet dynamics, productivity growth and organizational changes in selected OECD countries. New empirical findings related to telecommunications, Internet and growth also are presented. Based on the theoretical and empirical analyses, various policy options are developed. Poli...