Dieses Papier präsentiert auf allgemein verständliche Weise die wichtigsten Erkenntnisse der ökonomischen Theorie zu den Wohlfahrtswirkungen von Handelsliberalisierung. Es wird zunächst unilaterale Handelsliberalisierung betrachtet, also Handelsliberalisierung, die nicht über internationale...

Economic globalization causes an increasing international fragmentation of value-added chains. A question often raised is whether such outsourcing affects domestic income distribution. The paper provides a theoretical treatment of this issue within a Heckscher-Ohlin framework. It extends beyond...

This paper first describes the ingredients the present crisis in the euro zone and then evaluates the key options that policy makers face in resolving the crisis and avoiding similar crises in the future. I argue that the crisis should not be seen as caused by government profligacy alone. In...