From the very beginning of the European Monetary Union the crucial institutions, the European Commission and the European Central Bank, led by mainstream economic thinking, were not up to their task of controlling the core of the system effectively. A huge gap in competitiveness among the member...

Many commentaries on the present economic situation contend that Germany is increasingly "exporting jobs" rather than producing competitive goods and services. Can Germany continue to compete effectively with other business locations in the battle for mobile investment capital?

This article offers a contribution to the topical discussion of multinationals. It describes the quantitative and qualitative identification criteria for these enterprises and analyses the internationalisation process of German firms.