We take stock of the Schengen Agreement that celebrated its 30th birthday on June 14th, 2015. We argue that the abolition of internal border controls in most European Union member states is rightly considered a blessing to EU citizens. Internally, the Agreement facilitates social and economic...

The author shows that the US as the world's largest investor abroad so far shuns the most dynamic host region East Asia including China and instead continues to focus on investment in Europe. In contrast, Germany follows a different path. Similar to trade, German companies have been very active...

Der Autor beleuchtet die Gesamtbedeutung des erfassten deutschen Dienstleistungshandels, indem er insbesondere auf die Unterschiede zwischen den verschiedenen Weltregionen im Waren- und Dienstleistungshandel für Deutschland eingeht. Er zeigt auf, dass der deutsche Dienstleistungshandel etwa ein...

Against the background of the continuously weaker economic growth in China in the past few years, the Chinese government is convinced that the Chinese economy needs to adapt itself to getting used to "the New Normal". Under "the New Normal" the Chinese economy will grow at lower rates of about...