The process of selling a state-owned company in former centrally planned economies (CPEs) differs greatly from that of buying a private company in western market economies. While a private seller is normally interested in selling his portfolio expensively, a privatizing agency in CPEs has...

In a transforming economy there is a common legacy of most companies: their low competitiveness as the result of an obsolete capital stock and overmanning, insufficient product quality that does not satisfy demand, distorted specialization patterns, high and partly ill-designed integration,...

It is often argued that the process of globalization has mainly favoured large-scale multinational companies which are able to organize their business efficiently within internal hierarchies. However, globalization has not only pushed cross-border intra-finn transactions but also other...

Foreign direct investment (FDI) is rightly considered as an engine in transforming Central and East European Countries (CEECs). Without massive inflows of capital, technology and management know-how a sustainable growth is unlikely to happen. Although governments in CEECs make more than air...

Economic restructuring in the transition from plan to market concerns the way enterprises try to achieve competitive advantage. Therefore, enterprises have to decide where to compete, that is to say with which product they should enter which markets, and how to compete, that is by which strategy...

Der Arbeitsmarkt in der Bundesrepublik und in anderen Ländern zeigt immer mehr ein Doppelgesicht: Die eine Seite ist der zunehmende Mangel an qualifizierten Fachkräften, die andere der anhaltende Mangel an Arbeitsplätzen vor allem für Kräfte mit Qualifikationsdefiziten. Arbeitslosen, die...

Our paper explores the recent trends in outward processing (OP) of German firms in former centrally planned economies (CPEs). We argue that OP is an interesting alternative to cross-border trade and equity foreign arrangements. We present the theoretical framework to understand OP as well as...

The paper investigates the recent trends in privatization by local government organizations in Germany. It comes to the conclusion that the privatization policy has been two-directional: on the one hand, municipalities have reduced their economic activities, mainly by different forms of...

In the five years after unification, efforts to bring up the eastern part of Germany to the level of the western one have made considerable progress. Eastern Germany's growth is moving towards the double digits, just like growth in the Pacific Rim region. But not all things have developed as...

Die Bundesrepublik und das Vereinigte Königreich sind in vieler Hinsicht vergleichbar: Beide sind fortgeschrittene Industrieländer, haben fast die gleiche Fläche und Einwohnerzahl, und der Unterschied im Pro-Kopf-Einkommen, wie ihn die Statistik ausweist, ist nicht sehr groß. Beide Länder...