Recent studies found evidence for nominal wage rigidity during periods of relatively high nominal GDP growth. It has been argued, however, that in an environment with low nominal GDP growth, when nominal wage cuts become customary, workers' opposition to nominal cuts would erode and, hence,...

"This book discusses the implementation of environmentally friendly models in contemporary economies, as well as the development and evolution of such strategies in recent years by focusing on theoretical frameworks, empirical research findings, and key methodologies"--

This book addresses recent trends in regional integration projects and the strides that such projects are making on the road toward globalization, focusing on a range of economic projects, emerging supranational units, and possible implications for future trends.