Bøger af Paul J.J. Welfens

This book considers climate change from an economic and international policy perspective. It argues that an emissions trading systems (ETS) should first be adopted in all G20 countries with those national ETS then integrated into a global ETS. The topic of global warming is at the forefront of international discussions, especially given recent environmental policy changes in the US under Presidents Trump and Biden and the emergence of the Fridays For Future movement.Combatting climate change does not necessitate a trade-off between economic growth and climate policy provided that the latter is consistently linked to new economic policy. Policymakers should support innovation, effective redistribution policies and modern mobility concepts. Moreover, there are crucial links between financial market dynamics and price dynamics in ETS. If measures discussed here are coordinated effectively in the EU/G20, and at the global level, then climate neutrality could be achieved.

Die Beiträge in diesem Sammelband, unter anderem auch Branchenanalysen, sind Teil des von der Hans-Böckler-Stiftung geförderten Projektes: ¿EU-Strukturwandel, Leitmärkte und Techno-Globalisierung".

This book analyzes how the EU referendum in the United Kingdom came to pass and what the foreseeable consequences are for the UK, Europe, US and world economy.

Modern macroeconomics suffers from an unclear link between short-term Keynesian analysis and long-term growth modelling. With respect to economic policy - in particular innovation policy - the analysis implies major changes, concerning both EU countries and other leading OECD economies.

This study develops a new indicator for national and global sustainability. Correlation analysis of the new sustainability indicator with the human development index indicates complementarity, so that a new hybrid superindicator can be constructed. Sustainability rhetoric dominates environmental policy.

This book analyzes the links between social security expenditures and economic globalization. It explores the role of a changing age dependency and derives implications for the stock market price index, the exchange rate and the interest rate.

While some of the (early) Visegrad countries apparently were rather successful in their transition attempt, systemic transition approaches in other countries - Romania and Bulgaria - and, above all, in Russia largely were a failure.

High unemployment rates in the period of an internationalization of economies and an intensified technological competition are the main problems that exist in most EU countries.

The creation of the European Central Bank and the Euro have brought new challenges to EU integration and economic policy. This book looks into issues of monetary and factor market policies. Issues regarding exchange rate policies and international economic relations are also addressed.

Economic progress in the digital knowledge society will be characterized by enormous structural change and the growth of digital services. It highlights technological and regulatory dynamics with respect to EU countries and the US and presents new policy conclusions at both the national and international levels, including welfare analysis.

Socialist economies in Eastern Europe have collapsed and em-barked upon market-oriented reforms. Difficultchoices await decison-makers in economic policy and thebusiness community in Eastern Europe and in leading marketeconomies.

In the new global economy, more countries have opened up to international competition and rapid capital flows. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

There are also new theoretical challenges where a "structural macro model" and a Schumpetrian model of innovation and full employment are presented as new approaches. Besides theoretical challenges the increasing global dynamics raise new problems of international policy coordination which could lead to unsustainable economic globalization.

Deregulation, privatization and internationalization of the telecommunications industry has brought about enormous changes within both the European and world economy. The changing patterns of innovation in the digital economy have forced governments to consider new strategies to promote innovation, network effects and growth.

The complex challenge of economic recovery and reconstruction in the Balkans is looked at in this book. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.