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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
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source of the Eurozone crisis -- The stock-flow quandry of the EMU -- European and global inability to deal with external … seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary …The deepening crisis of the European Monetary Union -- The theoretical rationale of a monetary union -- Germany as the …
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Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … beginning of the century. Germany is an exception. A large increase in the prices of buildings, structures and lands for private … additional dividends. The yearly charge counts for at least 4% of their value added. -- Eurozone ; competitiveness ; non …
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