Europe’s labor is not competitiveness taking unemployment as the relevant indicator. The paper looks at other indicators such as job creation, productivity and unit labor costs and skills. It analyzes the reasons for the lack of competitiveness including a low degree of wage differentiation,...

Germany remains Europe's largest and most diversified source of new technology, but still lags in the fastest growing areas of today's high technology. After World War II, West-German technology policy sought to rebuild the institutions which had supported Germany's leadership in the high-tech...

In the second part of the 80s, Japan was under political pressure to expand aggregate demand. It followed suit in increasing its money supply. This caused severe inflation and the financial bubble which collapsed in 1990 resulting in capital losses and in a sizable loss of GDP. This paper draws...

This paper analyzes some of the elements of the new economy. What is really new is first of all the technological innovation. In economic terms what is new is a new product. The new IT product brought about by the new technology means two different things: a new device to handle data and to...

The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...

Angaben aus der Verlagswerbung: Das bewährte Lehrbuch behandelt zum einen die Prinzipien der internationalen Arbeitsteilung, ihre Auswirkung auf die Volkswirtschaften, die Hypothesen zur Erklärung von Güterbewegungen und Faktorwanderungen, das Konzept des Handelsgleichgewichts sowie die...

Im Stil internationaler Lehrbücher ist diese Einführung längst zu einem Standardwerk geworden. Sie gibt in verständlicher Weise einen Grundriss mikro- und makroökonomischer Ansätze und erläutert anwendungsorientiert die wirtschaftlichen Zusammenhänge anhand konkreter Problemstellungen....