In the current economic policy debate, there are often calls to reverse advanced developments in globalisation and the international division of labour. Reasons such as greater business resilience, political independence and, from a climate perspective, less harmful production argue for not...

With rapidly rising government debt and ageing populations implying high contingent liabilities in public pension systems, the issue of longer-term fiscal developments is gaining importance. The question arises whether, and to what extent, future generations will be burdened by current policies....