Does competitive pressure foster innovation? In addressing this important question, prior studies ignored a distinction between discrete innovation aiming at entirely new technology and continuous improvement consisting of numerous incremental improvements and modifications made upon the...

Political developments in Central and Eastern Europe and the process of German unification present the EC with a major challenge. How has the EC reacted to these changes so far? What contribution can the EC make to overcoming the division of Europe?

Since the widening of the fluctuation bands in the European Monetary System in 1993 the previous core countries have pursued a "D-Mark shadowing". The characteristic feature of this shadowing is the participating countries' willingness to voluntarily return to, and maintain, the old exchange...

The first step towards reform of the EC was taken when the Single European Act came into force in July of this year. What concrete decisions must the member states now take? What are their chances of being implemented?