This paper investigates to which extent tough competition impacts on the macroeconomic performance of countries. The … competition to macroeconomic performance. We then added these competition indicators to an equation relating macro performance to … relation between competition and innovation has been investigated intensely in industrial economics. It started with Schumpeter …

economies face since the early nineties, the problem of lasting high unemployment. Contrary to the current German discussion … countries. -- The first chapter contains the main standard textbook models and paradigms explaining lasting high unemployment …. The question in the second chapter is if it is possible to fight unemployment with the help of macro policy on a purely …

, governments are forced to adapt to the imperatives of global competition, and this means cutting cost-intensive welfare programs …