International posting of workers and mobility of self-employed service suppliers lie between outright migration and trade in goods: their regulation, for both distributional and market-correcting purposes, is not as difficult to harmonize as that of labour markets, but personal mobility is more...

The rise of the meso level of government in Europe can be explained by the pressures of managing national diversity, functional restructuring and political change. Spain, Italy and the United Kingdom all have such a level but taking very different forms. All have embarked on a second round of...

Crisis: . . . 3. A vitally important or decisive stage in the progress of anything; a turning point; also, a state of affairs in which a decisive change for better or worse is imminent; now applied esp. in times of difficulty, insecurity, and suspense in politics or commerce. Oxford English...

The latest global financial crisis has allowed the International Monetary Fund (IMF) a spectacular comeback. But despite its notorious reputation as a staunch advocate of restrictive economic policies, the Fund has displayed less preference for austerity in recent crisis lending. Though widely...

The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...

"In the aftermath of the financial crisis, governments in the western world resumed policyinstruments from the immediate post-war period´s mixed economies. These instruments hadall been abandoned in the liberalizing market economies of the last decades. How do weinterpret these developments in...

"This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional...

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First Annual Ralf Dahrendorf Memorial Lecture, London School of Economics, 7 October 2010