In a world with multinational companies (MNC's) changes such as those implied by the realization of EC's internal market will affect the locational choice made by geographically mobile MNC's. The reason is that the reduction of trade barriers within the EC puts non-EC members at a competitive...

Die für 2019 geplante europäische Kapitalmarktunion zielt auf eine vertiefte Integration der Kapitalmärkte der EU-Mitgliedsländer ab. Sie knüpft sowohl am Binnenmarkt als auch an der im Zuge der Finanz- und Wirtschaftskrise geschaffene Bankenunion an. Als Argumente für die...

Developing countries, in particular the least developed ones, probably have more to learn from social policies in Europe during the early 20th century than from the elaborate welfare-state arrangements after World War II. In addition to macro­economic growth and stability, the main ambitions...