The article provides a broad-based overview on competing development strategies and the economic performance of developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington Consensus, neo-liberalism, "good governance" and MDGs)...

The 60 percent debt cap and the 3 percent deficit cap, enshrined in the EU Treaties since 1992, are cornerstones of the complex fiscal policy framework of the Euro area. Both numbers came into the Maastricht Treaty more or less by coincidence. There is no sound economic justification for the...

Foreign exchange markets are the biggest financial markets on the globe, the dollar-euro market is the biggest among them with a daily turnover of $1.3 trillion. This market is the interface of the euro bloc and the dollar bloc which use mainly one of the major currencies, comprising 45-60% and...

The paper analyses the rise of the current account balance in Germany by around ten percentage points (relative to GDP) in the period 1999-2016. A big part of the rise is due to subdued domestic final demand which tends to suppress growth of imports. This demand-side effect has to do with weak...

Despite performing very positively on some key macroeconomic indicators in recent years, the German economy is in grave disequilibrium if the high current account surplus is included in the analysis. The paper scrutinises the evolution of Germany's external surplus since the inception of the...

The article discusses the ongoing green transition towards climate neutrality in 2050 with a focus on the options of green growth, zero- or de-growth. First, the key facts about the greenhouse effect and the status quo are shown with special attention to the industrialisation of emerging...