2016-12-06

Europe's Growth Challenge

By ,
  • Full Title : Europe's Growth Challenge
  • Author : ,
  • Publisher : Oxford University Press
  • ISBN Code : 0190499222
  • Pages : 256
  • Format : Pdf - ePub
  • Language : English
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Europe is in a serious crisis but that it can face up to these challenges. In Europe's Growth Challenge Anders Aslund and Simeon Djankov argue that the European Union can only be successful if it carries out substantial changes in the European economic system. European society benefits from equality in income, excellent healthcare and basic education, good infrastructure, and developed institutions for the rule of law. But Europe has entered a period of economic stagnation and is distracted by multiple challenges. Economic and political strains have stalled vital reforms, while the threat of disunion is evident. By focusing on what works in Europe and the great variations within Europe, Aslund and Djankov show how Europe can develop a strategy for higher economic growth. They advocate a reduction of the fiscal role of the state, an opening up of services and digital trade, an easing of the regulatory and tax burdens on labor, an improved environment for startups and innovation, pension reform, and the development of Europe's energy union. In spite of Europe's many achievements, Europe needs to address its growth challenge to stay afloat. Aslund and Djankov provide novel insights and provocative ways forward.


2018-03-01

Europe's Growth Champion

By Marcin Piatkowski
  • Full Title : Europe's Growth Champion
  • Author : Marcin Piatkowski
  • Publisher : Oxford University Press
  • ISBN Code : 0192506390
  • Pages : 472
  • Format : Pdf - ePub
  • Language : English
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What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.


2015-10-15

The Triple Challenge for Europe

By Jan Fagerberg,Staffan Laestadius,Ben R. Martin
  • Full Title : The Triple Challenge for Europe
  • Author : Jan Fagerberg,Staffan Laestadius,Ben R. Martin
  • Publisher : OUP Oxford
  • ISBN Code : 0191064599
  • Pages : 280
  • Format : Pdf - ePub
  • Language : English
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Europe is confronted by an intimidating triple challenge - economic stagnation, climate change, and a governance crisis. This book demonstrates how these three challenges are closely inter-related. A return to economic growth cannot come at the expense of greater risk of irreversible climate change. Instead, what is required is a reconceptualization of what is intended by 'economic development' and a fundamental transformation of the economy to a new 'green' trajectory, based on rapidly diminishing emission of greenhouse gases. This entails a much greater emphasis on innovation in all its forms - not just technological. Innovation policy must be placed at the very heart of industrial policy and indeed of economic policy more broadly. Other parts of the world are also facing varying forms of the triple challenge, and while the governance challenge may not be exactly the same as for Europe and the EU, Europe is uniquely placed to take the lead in addressing the triple challenge. While this may well entail certain costs in the short term, it will undoubtedly bring considerable benefits in the longer term. It should also encourage countries in other parts of the world to follow Europe's lead in this transformation process, thereby ensuring that climate change is kept within manageable bounds. Addressing the triple challenge would thus provide Europe and its citizens with a new sense of purpose, revitalizing the EU and 'the European project' over the decades to come.


2012-06-18

Fostering Growth in Europe Now

By Ms. Bergljot Barkbu,Jesmin Rahman,Mr. Rodrigo O. Valdés
  • Full Title : Fostering Growth in Europe Now
  • Author : Ms. Bergljot Barkbu,Jesmin Rahman,Mr. Rodrigo O. Valdés
  • Publisher : International Monetary Fund
  • ISBN Code : 1475579896
  • Pages : 42
  • Format : Pdf - ePub
  • Language : English
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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.


2018-10-26

Structural Reforms for Growth and Cohesion

By Ewald Nowotny,Doris Ritzberger-Grünwald,Helene Schuberth
  • Full Title : Structural Reforms for Growth and Cohesion
  • Author : Ewald Nowotny,Doris Ritzberger-Grünwald,Helene Schuberth
  • Publisher : Edward Elgar Publishing
  • ISBN Code : 1788971140
  • Pages : 256
  • Format : Pdf - ePub
  • Language : English
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Effective and well-designed structural reforms are key to shaping Europe’s future in the context of the formidable challenges facing the continent today. This book examines the achievements and failures of past structural policies so that future ones can be adapted to address remaining and newly emerging challenges with greater success. Highlighting the social aspects and distributional effects of reforms that go beyond liberalization and deregulation, the book covers key issues facing future Europe, particularly those arising from technological innovation.


2017-05-11

Institutional Reform for Innovation and Entrepreneurship

By Niklas Elert,Magnus Henrekson,Mikael Stenkula
  • Full Title : Institutional Reform for Innovation and Entrepreneurship
  • Author : Niklas Elert,Magnus Henrekson,Mikael Stenkula
  • Publisher : Springer
  • ISBN Code : 3319550926
  • Pages : 102
  • Format : Pdf - ePub
  • Language : English
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This book is open access under a CC BY 4.0 license. The authors of this book advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal. Starting with the rule of law and the protection of property rights; the tax system; the authors deal with regulations governing savings, capital and finance, and the organization of labor markets and social insurance systems. Framework strategies related to the regulations governing goods and service markets, bankruptcy and insolvency are also put forward. A core understanding and future path is also provided towards R&D, commercialization and knowledge spillovers; human capital investments; and informal institutions.


2019-01-01

The Entrepreneurial Society

By Niklas Elert,Magnus Henrekson,Mark Sanders
  • Full Title : The Entrepreneurial Society
  • Author : Niklas Elert,Magnus Henrekson,Mark Sanders
  • Publisher : Springer
  • ISBN Code : 3662595869
  • Pages : 173
  • Format : Pdf - ePub
  • Language : English
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This open access book builds on the European Union's (EU) Horizon 2020 project 'Financial and Institutional Reforms for an Entrepreneurial Society' (FIRES). The authors outline how Europe can move towards more inclusive, innovative and sustainable growth through reforms that will rekindle its entrepreneurial spirit. Based on decades of research and countless discussions with stakeholders, the book also features the FIRES project's full list of policy interventions and institutional reforms that can help policymakers make that agenda a reality.


2011-06-21

Innovation Performance and Clusters

By Nicole Röttmer
  • Full Title : Innovation Performance and Clusters
  • Author : Nicole Röttmer
  • Publisher : Springer Science & Business Media
  • ISBN Code : 9783834968098
  • Pages : 207
  • Format : Pdf - ePub
  • Language : English
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While a strong research base on cluster assets exists, evidence on other factors such as capabilities, i.e. a local culture or networks, is anecdotal and dispersed across research streams. Nicole Röttmer sets out to identify and describe these capabilities, their impact on cluster innovativeness in the interplay with (proprietary) cluster resources and their development over time in a comprehensive model.


2019-10-17

Brexiternity

By Denis MacShane
  • Full Title : Brexiternity
  • Author : Denis MacShane
  • Publisher : Bloomsbury Publishing
  • ISBN Code : 1838607838
  • Pages : 256
  • Format : Pdf - ePub
  • Language : English
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Never in the lifetime of most British adults has there been such uncertainty about the future of the political and governing institutions of the state. Brexit has the potential to change everything – from the shape of government institutions, to the main political parties, from Britain's relationship with its near neighbour Ireland to its international trading. The idealists of the Leave campaign won their vote in 2016. But now the realists are gently taking over. Here, Denis MacShane explains how the Brexit process will be long and full of difficulties – arguing that a 'Brexiternity' of negotiations and internal political wrangling in Britain lies ahead.


2017-06-30

Brexit, No Exit

By Denis MacShane
  • Full Title : Brexit, No Exit
  • Author : Denis MacShane
  • Publisher : Bloomsbury Publishing
  • ISBN Code : 1786732572
  • Pages : 320
  • Format : Pdf - ePub
  • Language : English
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The UK's Brexit vote in 2016 and the inconclusive general election just 12 months later have unleashed a wave of chaos and uncertainty - on the eve of formal negotiations with the EU. Denis MacShane - former MP and Europe minister under Tony Blair - has a unique insider perspective on the events that led to the Brexit vote and ultimately to Theresa May's ill-fated election gamble of June 2017. He argues that Brexit will not mean full rupture with Europe and that British business will overcome the rightwing forces of the Conservative back-benches and UKIP, which have already been weakened by the latest election. Although negotiations with the EU may prove excruciating, Britain cannot and will not divorce itself from the continent of Europe. Indeed, the European question will remain the defining political issue of our time.


2009-09-10

China and Europe

By Klaus Kunzmann,Willy A Schmid,Martina Koll-Schretzenmayr
  • Full Title : China and Europe
  • Author : Klaus Kunzmann,Willy A Schmid,Martina Koll-Schretzenmayr
  • Publisher : Routledge
  • ISBN Code : 1135276307
  • Pages : 288
  • Format : Pdf - ePub
  • Language : English
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China and Europe address the challenges for the cities and regions of Europe that may be the consequences of such development trends. Contributions by policy-makers and academic observers will prepare the ground for debating the dimensions ‘economy’, ‘knowledge and culture’, ‘environment and mobility’, ‘quality of life’, and ‘governance’ of this challenge.


2009-11-04

Territorial Cohesion

By Dietmar Scholich
  • Full Title : Territorial Cohesion
  • Author : Dietmar Scholich
  • Publisher : Springer Science & Business Media
  • ISBN Code : 3540717463
  • Pages : 173
  • Format : Pdf - ePub
  • Language : English
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"Territorial cohesion" strives for a more balanced spatial development and seeks to improve integration throughout the EU. The scientific articles in this volume examine the interpretations of this term, the challenges of European spatial development policy, and the problems and concepts involved in achieving territorial cohesion. Two short reports illustrate the implementation of territorial cohesion on the basis of two research projects.


2012-04-25

Golden Growth

By Indermit S. Gill,Martin Raiser
  • Full Title : Golden Growth
  • Author : Indermit S. Gill,Martin Raiser
  • Publisher : World Bank Publications
  • ISBN Code : 0821389661
  • Pages : 508
  • Format : Pdf - ePub
  • Language : English
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The public debt crisis in Europe has shaken the confidence not just in the Euro, but in the European model. Aging and uneconomical Europeans are being squeezed between innovative Americans and efficient Asians, it is said. With debt and demographics dragging down them down, one hears that European economies will not grow much unless radically new ways are discovered. The end of complacency in Europe is a good thing, but this loss of confidence could be dangerous. The danger is that in a rush to rejuvenate growth, the attractive attributes of the European development model could be abandoned along with the weak. In fact, the European growth model has many strong points and enviable accomplishments. One can say without exaggeration that Europe had invented a convergence machine , taking in poor countries and helping them become high income economies. World Bank research has identified 27 countries that have grown from middle-income to high income since 1987: a few thanks to the discovery and exploitation of massive natural resources (e.g.: oil in Oman and Trinidad and Tobago), several others like Japan, Hong Kong, Singapore, Taiwan, and South Korea, embracing aggressive export-led strategies which involved working and saving a lot, postponing political liberties, and looking out only for themselves. But half of the countries that have grown from middle income to high income Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Latvia, Malta, Poland, Portugal, Slovak Republic, and Slovenia are actually in Europe. This is why the European model was so attractive and unique, and why with some well designed efforts it ought to be made right again.


2019-05-23

Russia's Crony Capitalism

By Anders Aslund
  • Full Title : Russia's Crony Capitalism
  • Author : Anders Aslund
  • Publisher : Yale University Press
  • ISBN Code : 030024486X
  • Pages : 320
  • Format : Pdf - ePub
  • Language : English
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A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism. Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.


2019-04-16

The Failure of Financial Regulation

By Anil Hira,Norbert Gaillard,Theodore H. Cohn
  • Full Title : The Failure of Financial Regulation
  • Author : Anil Hira,Norbert Gaillard,Theodore H. Cohn
  • Publisher : Springer
  • ISBN Code : 3030056805
  • Pages : 252
  • Format : Pdf - ePub
  • Language : English
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“This publication could not be more timely. Little more than a decade after the global financial crisis of 2008, governments are once again loosening the reins over financial markets. The authors of this volume explain why that is a mistake and could invite yet another major crisis.” —Benjamin Cohen, University of California, Santa Barbara, USA “Leading political scientists from several generations here offer historical depth, as well as sensible suggestions about what reforms are needed now.” —John Kirton, University of Toronto, Canada, and Co-founder of the G7 Research Group “A valuable antidote to complacency for policy-makers, scholars and students.” —Timothy J. Sinclair, University of Warwick, UK This book examines the long-term, previously underappreciated breakdowns in financial regulation that fed into the 2008 global financial crash. While most related literature focuses on short-term factors such as the housing bubble, low interest rates, the breakdown of credit rating services and the emergence of new financial instruments, the authors of this volume contend that the larger trends in finance which continue today are most relevant to understanding the crash. Their analysis focuses on regulatory capture, moral hazard and the reflexive challenges of regulatory intervention in order to demonstrate that financial regulation suffers from long-standing, unaddressed and fundamental weaknesses.


2020-10-02

The Economics of Government

By Vito Tanzi
  • Full Title : The Economics of Government
  • Author : Vito Tanzi
  • Publisher : Oxford University Press
  • ISBN Code : 0192636324
  • Pages : 240
  • Format : Pdf - ePub
  • Language : English
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Public finance is an important branch of economics. Over the years it has become more important, more controversial, and more complex. Much of the academic writing on it is highly theoretical, and it is often done by economists who have had little real world experience. Vito Tanzi has been continually engaged in this field for almost six decades, as a professor of public finance, a practitioner of it in many countries, and as a researcher, and has witnessed first-hand the growing gap between theoretical work and the real life practice of public finance. Public finance has come to be increasingly influenced by the pursuit of multiple government goals and by the growing complexity that now characterizes fiscal policy and government programs in many countries. Notably, the goal of simplicity has played only a small role in the practice of public finance and in academic work. Complexity puts a dense fog around many policies, making it difficult to predict and assess the results. This book aims to highlight to both economists and policymakers the need for simplicity in policies. It also aims to inform students of public finance and public policy about this growing problem and the need to pay more attention to it.


2020-01-28

Rewriting the Rules of the European Economy: An Agenda for Growth and Shared Prosperity

By Joseph E. Stiglitz
  • Full Title : Rewriting the Rules of the European Economy: An Agenda for Growth and Shared Prosperity
  • Author : Joseph E. Stiglitz
  • Publisher : W. W. Norton & Company
  • ISBN Code : 039365141X
  • Pages : 400
  • Format : Pdf - ePub
  • Language : English
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A companion to his acclaimed work in Rewriting the Rules of the American Economy, Joseph E. Stiglitz, along with Carter Dougherty and the Foundation for European Progressive Studies, lays out the economic framework for a Europe with faster growth that is more equitably shared. Europe is in crisis. Sluggish economic growth in many countries, widespread income stagnation, and recession have led to severe political and social consequences. Social protections for citizens have been cut back. Governments offer timid responses to deep-seated problems. These economic and political failures have contributed to the rise of extremist parties on the right. Marginalized populations are being made scapegoats for Europe’s woes. But the problems of today’s Europe stem from decisions based on a blind worship of markets in too many areas of policy. If Europe is to return to an innovative and dynamic economy—and if there is to be shared prosperity, social solidarity, and justice—then EU countries need to break with their current, destructive trajectory. This volume offers concrete strategies for renewal that would also reinvigorate the project of European integration, with fresh ideas in the areas of both macroeconomics and microeconomics, including central banking, public investment, corporate governance and competition policy, social policy, and international trade.


2015-10-12

Social Policy and the Eurocrisis

By Georg Menz,Amandine Crespy
  • Full Title : Social Policy and the Eurocrisis
  • Author : Georg Menz,Amandine Crespy
  • Publisher : Springer
  • ISBN Code : 1137473401
  • Pages : 214
  • Format : Pdf - ePub
  • Language : English
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In this study, an international and multidisciplinary team take stock of the promise and shortfalls of 'Social Europe' today, examining the response to the Eurocrisis, the past decade of social policy in the image of the Lisbon Agenda, and the politics that derailed a more Delorsian Europe from ever emerging.


2006-03-01

What Holds Europe Together?

By Krzysztof Michalski
  • Full Title : What Holds Europe Together?
  • Author : Krzysztof Michalski
  • Publisher : Central European University Press
  • ISBN Code : 6155053995
  • Pages : 198
  • Format : Pdf - ePub
  • Language : English
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The book addresses contemporary developments in European identity politics as part of a larger historical trajectory of a common European identity based on the idea of 'solidarity.' The authors explain the special sense in which Europeans perceive their obligations to their less fortunate compatriots, to the new East European members, and to the world at large. An understanding of this notion of 'solidarity' is critical to understanding the specific European commitment to social justice and equality. The specificity of this term helps to distinguish between what the Germans call "social state" from the Anglo-Saxon, and particularly American, political and social system focused on capitalism and economic liberalism. This collection is the result of the work of an extremely distinguished group of scholars and politicians, invited by the previous President of the European Union, Romano Prodi, to reflect on some of the most important subjects affecting the future of Europe.


2015-09-25

The Challenge of Economic Rebalancing in Europe

By Ewald Nowotny,Doris Ritzberger-Grünwald,Helene Schuberth
  • Full Title : The Challenge of Economic Rebalancing in Europe
  • Author : Ewald Nowotny,Doris Ritzberger-Grünwald,Helene Schuberth
  • Publisher : Edward Elgar Publishing
  • ISBN Code : 1784719803
  • Pages : 264
  • Format : Pdf - ePub
  • Language : English
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In the long aftermath of the acute global financial crisis of 2008/09, “rebalancing” the economy with new sources of growth and productivity remains a persistent necessity. This book addresses the resulting trade-offs and challenges. These needs, and the corresponding policy challenges, are especially prevalent in Europe, in particular Central, Eastern and South-Eastern Europe. On this issue, this book contributes lessons learned from earlier balance sheet recessions. It also addresses the often overlooked link between macroeconomic imbalances and economic inequality. Further contributions focus on the interaction between monetary policy and financial stability, adding a regional perspective to these important issues.