Vor dem Reformprozeß hatte sich die Sowjetunion weitgehend vom Weltmarkt abgekoppelt. Gleichzeitig gab es ein eng geknüpftes Netz interregionaler Lieferverflechtungen über die Grenzen der Republiken hinweg. Mit der politischen Desintegration traten Eigeninteressen der ehemaligen...

This paper analyses the prospects and problems of a Transatlantic Free Trade Area (TAFTA) between the European Union and the United States. Possible economic reasons for the proposal of TAFFA such as the intensity of bilateral trade and a strong interdependence in investment flows and the...

This econometric analysis investigates the impact of changes in sectoral valueadded prices and total factor productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that TFP growth mandated an increase in the unskilled wage,...