In a series of summits, leading countries of the world will meet to draw up an international arrangement for financial stability. Such a rule system should prevent a financial crisis as we have seen it in 2007 and 2008. It should include appropriate principles of monetary policy, rules for...

Regional integration is often considered a means to improve member countries’ attractiveness to foreign direct investment (FDI). But regional integration agreements (RIAs) as well as FDI are too diverse to allow for generalized verdicts. Our case studies on Mercosur in Latin America, ASEAN and...

Russia and China are assumed to challenge democratization and to promote autocracy. In a first step, we analyze Central Asia as the most-likely case, considering both Russia and China as relevant external actors. We develop a concept for our analysis based on the different strategies of Russia...

Bolivia's mid-term growth prospects are promising but these prospects could be lost, due to social unrest and political instability, if the country does not solve its short-term economic problems, resulting from both external shocks and internal factors. Against this background, this paper...

There is a startling gap between, allegedly, globalization-induced changes in international competition for foreign direct investment (FDI) and recent empirical evidence on the relative importance of determinants of FDI in developing countries. We show that surprisingly little has changed since...

Even though the automobile industry is technologically advanced, the increasing integration of low-income countries into the global division of labor has put competitive pressure on traditional automobile producing countries. New end-producers emerged in Asia, Latin America as well as Southern...

The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing interregional competition and affecting the interregional division of labor. From a theoretical standpoint, rising specialization and polarization of European regions may result from...

Die Forderungen von Globalisierungskritikern nach einem radikalen Umbau der internationalen Finanzmarktordnung sind von den wirtschaftspolitischen Entscheidungsträgern aus guten Gründen abgelehnt worden. Vorzuwerfen ist den Entscheidungsträgern allerdings, dass auch ökonomisch sinnvolle...

Das reale Bruttoinlandsprodukt nahm in den neunziger Jahren in Deutschland je Jahr um etwa einen halben Prozentpunkt weniger zu als in den übrigen Ländern der Europäischen Währungsunion im Durchschnitt. Ein Teil der ?Wachstumslücke? kann durch Unterschiede der Staatsausgaben in Relation zum...

Die Rolle der deutschen Arbeitslosenversicherung wird für vier Perioden seit 1871 daraufhin analysiert, ob man bei der Suche nach einem effizienten System der Arbeitslosenversicherung aus der Geschichte lernen kann. Die vier Perioden (Periode I: 1871/1914; II: 1918/32; III: 1933/39; IV: 1949/2001) sind...