The strikingly different labor market performance of major industrial countries suggests that neither globalization nor skill-biased technological change necessarily result in rising unemployment or declining wages of low-skilled workers. Rather, globalization and technological change cause...

Die Herausforderung: Steigender Anpassungsdruck durch die Globalisierung der Märkte Die Globalisierung der Märkte wird in Europa vor allem deswegen als schmerzhaft empfunden, weil sie mehr Flexibilität auf den besonders geschützten Arbeitsmärkten erfordert. Unter Druck geraten vor allem...

The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...

In der Diskussion um die hohe Arbeitslosigkeit geben in der Bundesrepublik die Pessimisten den Ton an. Niedrige Wachstumsraten und ein hohes Rationalisierungstempo, so lautet das Standardargument, würden den Mangel an Arbeitsplätzen weiter vergrößern. Dies muß nicht so sein. Am Beispiel des...

The multilateral trade negotiations in the Uruguay Round have stagnated for years. At the same time, the world economy has witnessed a strong revival of regional trade arrangements. This juxtaposition suggests that major trading partners are drifting away from the GATT. Systemic weaknesses in...

European integration is expected to enhance the attractiveness of EL) countries for domestic and foreign investors. This has caused concerns in developing countries that foreign direct investment there may be diverted to Europe. In preparing for the Single Market, European companies have indeed...

The gap between the per capita income of most Arab countries and that of advanced industrial countries has widened since the early 1990s. The economic growth performance of the Arab world has been weak by developing country standards, too. Yet, the diversity of growth patterns within this group...

The currency crisis in Brazil and its adverse effects on neighboring countries are widely perceived to be short-lived phenomena. However, optimists—stressing favorable growth and investment prospects in Latin America—tend to ignore home-made causes of Brazil's crisis and -underrate the risks...

Der Vorwurf von Globalisierungsgegnern, der IWF und die Weltbank trügen einen wesentlichen Teil der Verantwortung für weltweite Armut und gehäufte Finanzkrisen, ist nicht haltbar. Der Einfluss der Bretton- Woods-Institutionen auf die Wirtschaftspolitik und die wirtschaftliche Entwicklung...