This volume addresses trends, causes, and consequences of the new economy in micro- and macroeconomic terms. Modern information and communications technologies increase the efficiency of traditional activities and pave the way for creating new activities and products. How will market participants cope with the challenges of the new economy and which role will governments play in a dramatically changing world?The book presents a thorough analysis of the effects of new technologies and products on overall productivity and on goods markets, labor markets, and financial markets. It also deals with the implications of the new economy for the welfare state and discusses the issue of whether there is a need for new regulatory devices, in particular in the field of international trade in goods and services.

This book will be of particular relevance for readers interested in a thorough analysis of international capital flows, their determinants and their macroeconomic implications. It also provides information about the origines of international financial crisis and assess proposals to overcome and avoid financial crisis in the future.The book is an outcome of a conference held at the Kiel Institute of World Economics. The papers cover the track record of financial integration, the changing structure of financial markets and the implications for macroeconomics and growth. Particular emphasis is placed on the various financial crises of the 1990s and on proposals for a reform of the international financial system.

Globalization deeply affects economic structures and raises the issue of how governments should respond to new challenges. In this book, various ways of improving the institutional setup for global governance are discussed by renowned experts. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems. The advantages of free international trade as well as the fears of those who are against globalization are considered in the contributions.

In this volume, economists discuss the long-run consequences of aging societies. Using theoretical economic models, long-term projections and simulations, and econometric analysis, answers to the following questions are given: What are the economic consequences for consumption patterns, the supply of labor, capital accumulation, productivity, and the international flow of capital? Where are the political consequences for pension systems, health care and immigration policy? And what changes in politics are needed to handle the issues of populations that age markedly?

The integration of goods and financial markets has progressed on a global scale in recent years. Thus, the cyclical patterns in the world economy may have changed too. Against this background, experts in international economics analyze the synchronization of business cycles and their volatility in this book. Is there an European business cycle? What is the role of multinational corporations and monetary policy in transmitting business cycles? Further, they discuss the need and feasibility of internationally coordinating monetary and exchange rate policies and the quantitative effects of tax competition.

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied. The author incorporates several economic approaches, including neoclassical analysis, the public goods approach and optimization theory. The different aspects of environmental allocation are studied in the context of a single model that is used throughout the book. The sixth edition includes new sections on ethical aspects of environmental evaluation, and international emission trading and biodiversity.

This book surveys the theoretical issues that characterize the problem of reforming capital income taxes in an open economy. It explores the tax incentives and disincentives to investment in an open economy framework allowing cross-border portfolio and direct investment.

As globalization continues apace, market segmentations are diminishing, distance is shrinking and the boundaries between nation states are becoming increasingly blurred. National economies are closely interlinked through manychannels and we rarely view things from a single country's view, adopting a global perspective instead. It is therefore imperative to understand how the world economy functions. This book utilizes up to date empirical evidence to illuminate the mechanics of the world as a single entity. The author explores the properties of the world economy, the diverse mechanisms of interdependence, shocks and disturbances, economic processes and structures, and the institutional arrangements that guide these processes. Key topics covered include: world GDP, growth and global product and factor markets China as a new global player the roots and impact of financial and currency crises the performance of the developing countries over time (which have gained, which have lost?) conflicts between the national interest and global concerns (protectionism, locational competition for mobile factors of production, environmental issues) the institutional arrangements for the world economy (IMF, WTO). The World Economy: A Global Analysis will be essential reading for students studying the world economy from the perspective of economics, finance, business and politics.

As globalization continues apace, market segmentations are diminishing, distance is shrinking and the boundaries between nation states are becoming increasingly blurred. National economies are closely interlinked through manychannels and we rarely view things from a single country's view, adopting a global perspective instead. It is therefore imperative to understand how the world economy functions. This book utilizes up to date empirical evidence to illuminate the mechanics of the world as a single entity. The author explores the properties of the world economy, the diverse mechanisms of interdependence, shocks and disturbances, economic processes and structures, and the institutional arrangements that guide these processes. Key topics covered include: world GDP, growth and global product and factor markets China as a new global player the roots and impact of financial and currency crises the performance of the developing countries over time (which have gained, which have lost?) conflicts between the national interest and global concerns (protectionism, locational competition for mobile factors of production, environmental issues) the institutional arrangements for the world economy (IMF, WTO). The World Economy: A Global Analysis will be essential reading for students studying the world economy from the perspective of economics, finance, business and politics.

This volume addresses trends, causes, and consequences of the new economy in micro- and macroeconomic terms. Modern information and communications technologies increase the efficiency of traditional activities and pave the way for creating new activities and products. How will market participants cope with the challenges of the new economy and which role will governments play in a dramatically changing world?
The book presents a thorough analysis of the effects of new technologies and products on overall productivity and on goods markets, labor markets, and financial markets. It also deals with the implications of the new economy for the welfare state and discusses the issue of whether there is a need for new regulatory devices, in particular in the field of international trade in goods and services.

In this volume, economists discuss the long-run consequences of aging societies. Using theoretical economic models, long-term projections and simulations, and econometric analysis, answers to the following questions are given: What are the economic consequences for consumption patterns, the supply of labor, capital accumulation, productivity, and the international flow of capital? Where are the political consequences for pension systems, health care and immigration policy? And what changes in politics are needed to handle the issues of populations that age markedly?

Globalization deeply affects economic structures and raises the issue of how governments should respond to new challenges. In this book, various ways of improving the institutional setup for global governance are discussed by renowned experts. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems. The advantages of free international trade as well as the fears of those who are against globalization are considered in the contributions.

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied. The author incorporates several economic approaches, including neoclassical analysis, the public goods approach and optimization theory. The different aspects of environmental allocation are studied in the context of a single model that is used throughout the book. The sixth edition includes new sections on ethical aspects of environmental evaluation, and international emission trading and biodiversity.

Rules for the Global Economy is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these institutional arrangements, such as the ones that govern banking, emerge when countries fail to solve economic problems on their own and cede part of their sovereignty to an international order. Siebert demonstrates that the rules result from a trial-and-error process--and usually after a crisis--in order to prevent pointless transaction costs and risks. Using an accessible and nonmathematical approach, Siebert links the rules to four areas: international trade relations, factor movements, financial flows, and the environment. He looks at the international division of labor in the trade of goods and services; flow of capital; diffusion of technology; migration of people, including labor and human capital; protection of the global environment; and stability of the monetary-financial system. He discusses the role of ethical norms and human rights in defining international regulations, and argues that the benefits of any rules system should be direct and visible. Comprehensively supporting rules-based interactions among international players, the book considers future issues of the global rules system.

"Rules for the Global Economy" is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these institutional arrangements, such as the ones that govern banking, emerge when countries fail to solve economic problems on their own and cede part of their sovereignty to an international order. Siebert demonstrates that the rules result from a trial-and-error process--and usually after a crisis--in order to prevent pointless transaction costs and risks.

Using an accessible and nonmathematical approach, Siebert links the rules to four areas: international trade relations, factor movements, financial flows, and the environment. He looks at the international division of labor in the trade of goods and services; flow of capital; diffusion of technology; migration of people, including labor and human capital; protection of the global environment; and stability of the monetary-financial system. He discusses the role of ethical norms and human rights in defining international regulations, and argues that the benefits of any rules system should be direct and visible. Comprehensively supporting rules-based interactions among international players, the book considers future issues of the global rules system.

In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable social security system. Horst Siebert spells out the reforms necessary to overcome these shortcomings. Taking a broader view than other recent books on the German economy, he considers Germany's fiscal policy stance, product market regulation, capital market, environmental policy, aging and immigration policies, and its system for human capital formation as well as Germany's role in the European Union, including the euro zone. Germany's system of economic governance emerges as a common theme as Siebert examines why this onetime economic powerhouse is today a faltering giant. He argues that what Germany needs, above all, is a market renaissance; that it must throw off the shackles of its social welfare economy and of its hallmark consensus approach, whereby group-based cooperative decision-making has undermined competition and markets. In doing so he examines both the country's social security system and its labor market, including trade unions. His focus throughout is on Germany's present concerns, foreseeable future problems, and long-term policy issues. The definitive word on the postwar German economy to the present day, The German Economy is essential reading for economists and finance professionals as well as students, researchers, and others interested in modern-day Germany and its place and prospects at the heart of Europe.

Das Buch enthAlt BeitrAge eines Symposiums des DFG-Schwerpunkt-Programms "A-konomik natA1/4rlicher Ressourcen" A1/4ber die Auswirkung umweltpolitischer Instrumente fA1/4r den Energiebereich. Im Vordergrund steht die Quantifizierung der Kosten und Nutzen konkreter umweltpolitischer MaAnahmen. Ferner werden AnsAtze zur ErklArung der Nutzung regenerierbarer Umweltressourcen diskutiert. Im einzelnen werden in den BeitrAgen folgende Themen behandelt: Emissionssteuern und sektorale Produktionsstruktur (Conrad/SchrAder), Verminderung energiebedingter Luftimmissionen (Jochem/SchAn), Kosten-EffektivitAtsanalysen (VoA/Reuter), Umweltschutzstrategien fA1/4r die europAische ElektrizitAtswirtschaft (von WeizsAcker/Welsch), Interdependente regenerierbare Ressourcen (StrAbele/Wacker), Nutzung von Wasserressourcen (Pethig). Der Band enthAlt ferner BeitrAge der Autoren von BAventer, Faber, HelmstAdter, KA1/4bler, Schumann und Sinn.

Unterrichtsforschung sollte stets auch als Innovationsforschung in- terpretiert werden. Auch wenn sich die Forschung auf eine analy- tisch-deskriptive Bestandsaufnahme der vorhandenen Unterrichtsfor- men beschrankt, werden verschiedene didaktisch-methodische Mog- lichkeiten und Handlungsalternativen sichtbar; sie ermutigen und animieren den Padagogen, neue und bisher ungewohnte Lehr-Lern- formen zu erproben. Voraussetzung fur eine solche innovatorische Wirkung von For- schungsprojekten ist allerdings eine Kooperation und Kommunika- tion von Forschungsteams und Padagogen. Gewichtung, Erklarung und Kommentierung empirischer Ergebnisse erfordern die "Milieu- kenntnis" und Praxiserfahrung der Mitarbeiter in der Erwachsenen- bildung. Eine solche gemeinsame Interpretation und Kritik eines Unterrichtsforschungsprojekts in der Erwachsenenbildung wird mit dieser Veroffentlichung versucht. Gegenstand der Beitrage ist das mehrstufige Projekt "Lehr- und Lernverhalten in der Erwachsenen- bildung" des Lehrstuhls fur Erwachsenenbildung an der Padagogi- schen Hochschule in Hannover. Diese "Hannover-Studie" wird einer- seits von den Projektmitarbeitern in Ausschnitten dargestellt, ande- rerseits bewerten und kritisieren Kollegen aus Hochschulen und Er- wachsenenbildungs-Einrichtungen diese Untersuchung, wobei stets auch allgemeine Probleme des Theorie-Praxis-Verhaltnisses in der Erwachsenenbildung zur Sprache kommen. Einleitend skizziert Hans Tietgens, Leiter der Padagogischen Ar- beitsstelle des Deutschen Volkshochschulverbandes, den Stand der empirischen Forschung zur Erwachsenenbildung. Dabei werden die Schwierigkeiten und die Begrundungen von Untersuchungen im Be- reich der Bildungssoziologie, der Motivationsforschung, der Soziali- sationsforschung und der Unterrichtsforschung dargestellt. In dem folgenden Beitrag schildert der Verfasser das Unterrichts- forschungsprojekt mit seinen verschiedenen Phasen der Beobach- tung, Befragung und Experimentalseminare, wobei die Forschungs- intentionen, die theoretischen Voruberlegungen, die Erarbeitung 7 der Beobachtungs- und Befragungsinstrumente sowie Realisierungs- probleme angedeutet werden.