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Intangible assets are of growing importance to corporate
competitiveness and economic performance. They include R&D,
human capital, innovation in products and in organisation,
trademarks and patents, networking and software. This path-breaking
book provides a theoretical and empirical analysis of intangible
investment and its effect on public policy in Europe. The authors
find that the growing importance of intangibles is transforming the
direction of public policies in Europe, particularly industrial,
R&D, competition and trade policies. They conclude that
government policies must recognise the fact that intangible
investment is becoming the key element in bringing about durable
growth and accord at least the same priority to intangible factors
as to physical investment. This work should be essential reading
for students interested in this new field of economic analysis,
national and international policymakers, and industrialists
involved in the non-physical economy.
What major long-term factors will shape the European Community
post-1992? Who are the central actors, how will they exert
influence on Europe's future, and what are their expectations and
intentions?In seeking to answer these questions, The European
Challenges Post-1992 offers a multidisciplinary, qualitative
approach, throwing new light on the aspirations and preoccupations
aroused by the promise of the Community. Centring on
socio-political and cultural concerns and their interplay with
economic phenomena, this important book combines expert opinion
from 12 large European research institutes - each of which provides
an analysis of the major factors shaping the future of their own
country - with the views of leading industrialists and business
leaders. The editors bring together these different views and
interpretations to offer a comprehensive assessment of the
Community's future. The European Challenge Post-1992 includes
contributions by the former Commissaire du Plan (Brussels), the
Institute of International Economics and Management (Copenhagen),
Commissariat General du Plan (Paris), Kiel Institute of World
Economics (Kiel), Foundation of Economic and Industrial Research
(Athens), Economic and Social Research Institute (Dublin), Centro
Studi Investimenti Sociali (Rome), Institut Universitaire
International (Luxembourg), Scientific Council for Government
Policy (The Hague), Instituto de Prospectiva (Lisbon), Fundacion
Empresa Publica (Madrid), McKinsey & Co. and the Policy Studies
Institute (London). The product of a major research project, this
distinguished book is an invaluable reference point for all those
concerned with the future of the European Community.
What major long-term factors will shape the European Community
post-1992? Who are the central actors, how will they exert
influence on Europe's future, and what are their expectations and
intentions?In seeking to answer these questions, The European
Challenges Post-1992 offers a multidisciplinary, qualitative
approach, throwing new light on the aspirations and preoccupations
aroused by the promise of the Community. Centring on
socio-political and cultural concerns and their interplay with
economic phenomena, this important book combines expert opinion
from 12 large European research institutes - each of which provides
an analysis of the major factors shaping the future of their own
country - with the views of leading industrialists and business
leaders. The editors bring together these different views and
interpretations to offer a comprehensive assessment of the
Community's future. The European Challenge Post-1992 includes
contributions by the former Commissaire du Plan (Brussels), the
Institute of International Economics and Management (Copenhagen),
Commissariat General du Plan (Paris), Kiel Institute of World
Economics (Kiel), Foundation of Economic and Industrial Research
(Athens), Economic and Social Research Institute (Dublin), Centro
Studi Investimenti Sociali (Rome), Institut Universitaire
International (Luxembourg), Scientific Council for Government
Policy (The Hague), Instituto de Prospectiva (Lisbon), Fundacion
Empresa Publica (Madrid), McKinsey & Co. and the Policy Studies
Institute (London). The product of a major research project, this
distinguished book is an invaluable reference point for all those
concerned with the future of the European Community.
This authoritative book, bringing together the reports of the
Competitiveness Advisory Group, identifies actions to improve
European competitiveness politically, economically and socially.
The objective is to raise living standards and maintain social
cohesion. The Competitiveness Advisory Group has the mission of
advising the European Commission and the Heads of State and
Government of the European Union. The members of this independent
group, which includes leading industrialists, trade unionists,
politicians and academics, have adopted a 'bottom-up' approach,
seeking to draw lessons from the experience of countries,
industries and firms: they rely on 'benchmarking' in order to
identify best practice. In the context of increasing
interdependence of world trade and consequent globalization of the
international economy new policy prescriptions are required for
growth and employment, greater efficiency and higher standards of
living. In relation to this, the Group discusses the need to close
the worldwide technology gap, for Europe to develop deeper
relations with the fast growing Asia Pacific region and argues for
greater European solidarity in international trade negotiations.
Within the European Union itself, it emphasizes the need to achieve
the internal market for the free flow of goods, services and
people. In addition, it stresses that Europe needs to catch-up,
construct and eventually lead the development of the information
society in which workers are recognized as a major asset to be
invested in. The Group concludes that, although unemployment
remains high, European competitiveness now has a brighter future
with the movement towards economic and monetary union, and the
enlargement of the European Union eastwards. This book will be
essential reading for policymakers, government advisers,
industrialists and academics concerned with the future of European
economies and societies.
This section covers a wide range of new approaches to a crucial
area of economics. It addresses the impact of game theory, the new
institutional economics and the interaction of economics and
business strategy.
Can industrial, trade and competition policies complement one
another? In this major volume, a distinguished group of researchers
and policymakers systematically investigates the relationships
between the microeconomic policies of competition, trade and
industry within the European Union. After an introductory chapter
contrasting the optimal mix of targets and instruments with the
effective use and interaction of policies that can be observed in
the real world, the book addresses the experience of the EU, its
institutional framework and the evolving use of instruments. The
convergence and divergence of economic prescription and application
are revealed through an outstanding set of case studies which focus
on the automobile, chemical fibre, steel, telecommunication and
pharmaceutical industries. Competition, trade and industrial
policies play a central role in the efficiency of any market
economy and the rich European experience offers valuable lessons
for economists, regulators and policy makers from both inside and
outside the union. European Policies on Competition, Trade and
Industry offers an authoritative discussion of policy making and
enforcement in the EU. The strong combination of analysis with
detailed case studies and overviews will ensure that this book will
make a pioneering contribution to understanding the development of
microeconomic policies in the Union.
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