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We first analyze pre-unification similarities and differences between the two Germanys and the two Koreas in terms of demographic, social, political and economic status. An important issue is the degree of international openness. 'Stone-age' type communism of North Korea and the seclusion of the...
Persistent link: https://www.econbiz.de/10010285505
Auch wenn die Ausgangsbedingungen der Deutschen Einheit und einer möglichen koreanischen Vereinigung zunächst äußerst unterschiedlich erscheinen, ergeben sich aus ökonomischer Sicht einige gemeinsame Muster, die es zu analysieren lohnt. Hierzu zählen die Interdependenzen zwischen...
Persistent link: https://www.econbiz.de/10011501974
This article discusses the importance of ideology, institutions, politics, and economic knowledge for forecasting economic policies and their impact on macroeconomic developments. Following a general discussion of those factors, the article illustrates their forecasting usefulness by drawing on...
Persistent link: https://www.econbiz.de/10008809496
We first analyze pre-unification similarities and differences between the two Germanys and the two Koreas in terms of demographic, social, political and economic status. An important issue is the degree of international openness. “Stone-age” type communism of North Korea and the seclusion of...
Persistent link: https://www.econbiz.de/10009126551
The 21-century world has come up with new face that calls for innovative ways to gain power. Soft power is second face of power that allows obtaining desired result by attracting and co-opting others rather than coercing them. Islamic Economy deals with billions of dollars in several sectors...
Persistent link: https://www.econbiz.de/10012996771
Since the beginning of the COVID-19 crisis, most regimes worldwide adopted restrictive policies intended to minimize the adverse effects of the pandemic but also decreased most liberties enjoyed by their citizens. Such restrictive policies affected several freedom-related dimensions like...
Persistent link: https://www.econbiz.de/10014243374
The basic thesis is that the modern 'financial revolution', usually dated to eighteenth century England, but far more properly to the sixteenth-century Netherlands, in terms of those institutions for both government finance (borrowing) and international finance (bills of exchange), owed its...
Persistent link: https://www.econbiz.de/10005704834
This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...
Persistent link: https://www.econbiz.de/10005126382
Europe is at a crossroads. The enlargement with ten new members forces the European Union to reform its decision making process and to reconsider its policies. At the same time, developments such as ageing force EU member states to reform their welfare states. Read also the accompanying <a href="http://www.cpb.nl/en/pressrelease/3213403/future-europe">press...</a>
Persistent link: https://www.econbiz.de/10005168771
Persistent link: https://www.econbiz.de/10010741338