ENGLISH

Globalization of the Economy, Unemployment and Innovation: Structural Change, Schumpetrian Adjustment, and New Policy Challenges

By Prof. Dr. Paul J. J. Welfens (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
1999
ISBN
978-3-642-63607-3, 978-3-642-58467-1
DOI
10.1007/978-3-642-58467-1
Language
english
Format
PDF
Filesize
6 MB (5820801 bytes)
Edition
1
Pages
258\256
Time added
2013-12-12 02:00:00
Economic Policy

Description

Economic globalization has intensified since the 1980s and created faster channels of international interdependence and an accelerating technology race. In this new asymmetric world economy the EU is facing a dynamic and flexible US system which takes advantage of the global quest for foreign direct investment. Innovation policies in the EU - in particular in Germany - are found to be rather inadequate. 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.

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