By Tilly R. (ed.), Welfens P.J.J. (ed.), Heise M. (ed.)

ISBN-10: 3540740546

ISBN-13: 9783540740544

At the social gathering of the fiftieth anniversary of the ecu Union specialists current their analyses of old advancements and new monetary demanding situations for the european. After a mirrored image on old dynamics, the individuals indicate the dramatic fiscal shifts among Europe, Asia and the U.S.. Representatives from significant imperative banks (including the ECB), different major banks, and academia research the dynamics of the Eurozone and monetary marketplace integration within the context of globalization and monetary progress. in addition, the authors speak about the demanding situations of data and verbal exchange applied sciences by way of a number of state analyses. additionally, the Schumpeterian clients for Europe and the Lisbon time table, the long term demanding situations of european pension reforms, emission buying and selling platforms within the ecu, and suggestions for a brand new european structure are highlighted. on the base line of this ecu research are significant implications for traders, managers, policy-makers and the general public at huge in either the ecu and the worldwide economic system.

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Extra resources for 50 Years of EU Economic Dynamics: Integration, FinancialMarkets and Innovations. DedicatedtoJacques Delors –ALeading SpiritofEuropean Integration

Sample text

Hence, economic success is bound to people and the abilities of the people. If the potentials of countries with large populations can be used (via accumulation of human capital) for economic development, highly populated countries have the potential for a high level of economic activity. While the people in the US or in Europe historically enjoy a good education, and hence are endowed with high productive human capital, the people in most developing economies do not have comparable human capital (figure 2b).

22, pp. 141–164. DE LA FUENTE, A. (2002), On the Sources of Convergence: a Close Look at the Spanish Regions, European Economic Review, 46, pp. 569–599. DEMURGER, S. , Journal of Comparative Economics 29, pp. 95–117. DICKEN, P (2003), Global Shift: reshaping the global economic map in the 21st century, The Guilford Press. ; QUAH, D. (1998) The New Empirics of Economic Growth, NBER Working Papers 6422, National Bureau of Economic Research, Inc. ; HU, D. (2001), Regional Disparity in China 1985–1994 – The effects of Globalization and Economic Liberalization, The Annals of Regional Science 35, pp.

Europe’s long-term growth performance has been constrained by: (1) the low rate of increase of its population and the ageing of its society; (2) the deceleration of labour productivity growth since the mid-1990s, despite the fact that the level of labour productivity per hour is still very high in a number of countries; and (3) a low degree of labour utilisation, despite some improvement in the utilisation of labour in recent years. Without wanting to go into detail, a few basic facts will help illustrate why growth in Europe is so subdued, especially when compared with the United States (see also ECB, 2004).

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50 Years of EU Economic Dynamics: Integration, FinancialMarkets and Innovations. DedicatedtoJacques Delors –ALeading SpiritofEuropean Integration by Tilly R. (ed.), Welfens P.J.J. (ed.), Heise M. (ed.)

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