A contract between a small country and a large organization is analyzed using an Edgeworth-Box model. The population of the country is divided into two groups: people and elite. The contract has two explicit parameters: an exchange of sovereignty and a net transfer. A small country is defined as...

Developing Countries have been particularly worried by the single-market-program since the EC absorbs more than a third of their total exports. At present, fears of a Fortress Europe and negative net trade effects for DCs appear to be unfounded, however. DCs have proven to be competitive in a...

Since the 1980s, competitive pressure has increased in the world economy. In addition to traditional trade flows, the globalisation of production and markets has greatly enhanced the complexity of the international division of labour. Declining transaction and information costs have stimulated...

We try to identify which economic factors might be responsible for the large international differences in student performance. We present time series evidence for a number of European countries which suggests that rising educational expenditures obviously did not improve student performance....

Die konventionellen Indikatoren für Bildungsinput und ?output deuten darauf hin, dass sich die meisten Beitrittsländer in Bezug auf das Humankapital nicht bedeutend vom EUDurchschnitt unterscheiden. Die verfügbaren Messungen erfassen jedoch unter Umständen nicht den wirtschaftlich relevanten...