Innovationen spielen im Wachstumsprozess von Volkswirtschaften eine wichtige Rolle, denn sie verfügen, insbesondere in forschungs- und wissensintensiven Wirtschaftssektoren und im Bereich von Querschnittstechnologien (z. B. Nano-, Bio-, In-formations- und Kommunikationstechnologien), oft über...

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

Krugman's verdict that competitiveness of countries is a largely meaningless concept is a serious misjudgement of the economics profession. Countries compete for the mobile factors of production, most importantly for capital and technology. The exit-option of these factors and of firms changes...