The new regulatory framework in the digital sector in Europe is likely to fall short of expectations. A fragmented digital market with insuffi cient incentives for investment is the probable outcome. European regulators should abandon their approach in favour of a new and more flexible set of...

Increasing efforts at "regionalisation" can be observed worldwide, initiated particularly by the successes of the European Union (EU), the Association of Southeast Asian Nations (ASEAN) and also through the foundation of the North American Free Trade Agreement (NAFTA). What expectations are...

There seems to exist wides pread agreement on the superiority of free trade over other forms of trading systems with protectionism being accepted, at best, as a temporary device for slowing down adjustment processes. As against that, Dr. Hager argues that the markets of industrialised and...