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In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic…mehr

Produktbeschreibung
In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. 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.
Autorenporträt
Prof. Dr. Paul J.J. Welfens ist Präsident des Europäischen Instituts für Internationale Wirtschaftsbeziehungen (EIIW)/Universität Wuppertal, dort zudem Inhaber des Jean Monnet-Lehrstuhls für Europäische Wirtschaftsintegration und des Lehrstuhls Makroökonomik. Außerdem ist er Vorsitzender des Instituts des Bundesverbands Deutscher Volks- und Betriebswirte, Düsseldorf, Non-resident Senior Research Fellow am AICGS/Johns Hopkins University, Washington DC sowie IZA Research Fellow, Bonn; 2007/08 war er Alfred Grosser Professor am Sciences Po, Paris.
Rezensionen
"All in all the book 'Globalization, Economic Growth and Innovation Dynamics' gives an excellent overview about the problems which countries - not only in Europe - have to face in a more and more globalized world." Dr. Indira Gurbaxani, Comptes Rendus