Kritiker der Anpassungspolitik von IWF und Weltbank halten deren Programme für nicht entwicklungsverträglich. Erstens würden die positiven Wachstumswirküngen struktureller Maßnahmen aufgrund einer zu strikten makroökonomischen Stabilisierung weitgehend ausbleiben. Zweitens würden die...

In the summer of 2000, the economic expansion in Euroland has continued at a rapid pace. However, a number of leading indicators suggest that the upswing will pass its peak in the second half of this year. Several reasons are responsible for the slowdown. The European Central Bank has corrected...

In international aviation, global strategic alliances (GSAs) have in recent years become an important form of cooperation between airlines. This cooperation has hit the antitrust nerve of the European Commission. Initially, the Commission had attempted to constrain both the market share of the...

International capital markets are far from functioning perfectly. During the last decade, they overshot both ways: The earlier boom of private capital flows to emerging market economies (EMEs) turned out to be the prelude to the drama of seriously impaired access to foreign capital in the late...

The Euroland economy is in a strong upswing. Last year, real GDP increased at a rate roughly equal to that of potential output in spite of the export losses in the wake of the crises in various countries of the world. There have been considerable impulses from monetary policy. Because of the...

Für die Seeschiffahrt war 1999 ein Jahr der Wende. Zum Ausklang des Jahrhunderts endete die Baisse. Nach einem Frühjahr mit äußerst tiefen Frachtraten kam es überraschend zu einer Tendenzumkehr. Der bislang herrschende Pessimismus wurde von Zuversicht abgelöst. Mit der sich rasch...

Over the course of the past twenty years, venture capital has fuelled an entrepreneurial revolution - first in the United States and now in Europe's common market -, which has opened new opportunities for technological innovation, capital investment and employment growth. Some of the most...

After the extensive destruction caused by the violence that followed the vote for independence on August 30th, 1999, the reconstruction of East Timor's infrastructure inevitably was the top priority. Supported by massive aid inflows, achievements in this area have been quite remarkable. As a...

In der deutschen Technologiepolitik hat sich ein bemerkenswerter Wandel vollzögen: Waren deren traditionelle Bezugseinheiten bis Mitte der 90er Jahre einzelne Unternehmen, Technologien oder Wirtschaftsbereiche, so ist die regionale Ebene als Bezugsebene technologiepolitischer Initiativen...