Under the EU-wide Emission Trading Scheme (ETS), CO2 allowances have thus far been allocated largely free of charge. This paper presents a didactic synthesis on the impact of the ETS and argues that such a cost-free allocation will lead to an increase in electricity prices even when strong...

The heterogeneity among European manufacturing systems has widened in the last 15 years under the competitive pressure of new industrial powers within and outside the EU boundaries and as a result of the 2008 global recession. This paper describes this transformation, in terms of the sectoral...

The European Community faces the task of reformulating its Mediterranean policy in the light of the rather disappointing experience with the “Global Mediterranean Policy” adopted in 1972, the effects of the southward enlargement of the Community and the changed world economic climate. The...

The US manufacturing sector is currently experiencing its most significant upswing in 35 years, leading many politicians and economic analysts to claim that the US economy is being re-industrialised. While the notion of a renaissance of the industrial sector does not seem far-fetched, given that...