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Books > Business & Economics > Economics > Economic theory & philosophy
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Globalization of the Economy, Unemployment and Innovation - Structural Change, Schumpetrian Adjustment, and New Policy Challenges (Hardcover, 1999 ed.)
Loot Price: R3,015
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Globalization of the Economy, Unemployment and Innovation - Structural Change, Schumpetrian Adjustment, and New Policy Challenges (Hardcover, 1999 ed.)
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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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