We analyse the issue of global imbalances and share the view that the US current account deficit result from economic developments inside the United States but also from the increase in saving in Asian countries. The globalization process helped financing deficits by significantly lowering...

Wholesale electricity markets are increasingly driven by the rules of competition while recent outages in different regions of the world suggest that security of supply is a public good. The objective of this paper is to show that security of supply and more generally, electricity supply has...

The theme of industry life cycle (ILC) is today one of the central fields of research in industrial dynamics. ILC shows that industries behave like biological organisms, and proceed through different phases of development, from emergence to decline. Although this approach constitutes one of the...