Does Eurosclerosis Matter?

Does Eurosclerosis Matter?

Author: Michelle Riboud

Publisher: World Bank Publications

Published: 2002

Total Pages: 74

ISBN-13: 9780821350904

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"Whether or not labor market rigidities are an important contributor to persistently high levels of unemployment remains at the center of an important debate in Europe. European labor markets are often viewed as rigid and inflexible in opposition to those in North America where legislation is less protective and fosters more mobility. This paper shows that the labor market policies adopted by Central and Eastern European countries, aspiring to join the European Union, do not appear excessively rigid. However, significant and wide- ranging economic reform programs make it difficult to assess the impact of labor market institutions."


Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II

Does EU Membership Facilitate Convergence? The Experience of the EU's Eastern Enlargement - Volume II

Author: Michael Landesmann

Publisher: Springer Nature

Published: 2021-02-11

Total Pages: 337

ISBN-13: 3030577023

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This edited volume analyses the channels through which EU membership contributed to the convergence process of member countries in the Baltics, Central-Eastern and South-Eastern Europe. These channels include trade, investment, finance, labour, and laws and institutions. Global integration has certainly played an important role. A large part of FDI flows and financial integration in the world have been persistent features of globalization. Have these countries experienced more intensive integration through these channels because of EU membership, with its much tighter institutional and political anchorage, than their fundamentals and global trends would suggest? Contributions by lead researchers of the area address different aspects of this question. .


Monetary Policy and Macroeconomic Stabilization in Latin America

Monetary Policy and Macroeconomic Stabilization in Latin America

Author: Rolf J. Langhammer

Publisher: Springer Science & Business Media

Published: 2007-08-07

Total Pages: 261

ISBN-13: 3540282017

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Latin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth—to a substantial degree linked to the increase in commodity prices, especially since the early 2000s—seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus— embraced by both sides of the political spectrum—towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.


Labor, Employment, and Social Policies in the EU Enlargement Process

Labor, Employment, and Social Policies in the EU Enlargement Process

Author: Lodovico Pizzati

Publisher: World Bank Publications

Published: 2002

Total Pages: 430

ISBN-13: 9780821350089

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The process of transition to a market economy and integration into the EU has strained the labour markets of central and eastern European countries, and these developments pose a number of challenges to their social policies. This volume presents the contributions given at an international labour conference held in Austria in June 2001 to investigate these issues. It provides the latest labour trends in EU accession countries and compares them to previous experiences of European integration. It reviews existing labour market policies and social protection mechanisms, and discusses alternative strategies for employment creation in the region.


Estonia, the New EU Economy

Estonia, the New EU Economy

Author: Helena Hannula

Publisher: Ashgate Publishing, Ltd.

Published: 2006

Total Pages: 400

ISBN-13: 9780754645610

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Estonia is regarded by many as one of the most hopeful cases for the integration of eastern Europe into the enlarged European Union. It provides positive examples of how the integration process can be well handled, but at the same time some of the contentious issues this can give rise to. This book assesses the tensions involved in the development of the Estonian economy in terms of growth, convergence, financial development, labour reallocation, structural and organizational change, and the role of foreign companies and international networks. The analysis of Estonia is placed within a broader context and among a wider set of nations, and thus aims at understanding the potential for growth and structural change in the eastern part of the enlarged EU. In these and related fields, the book seeks to draw lessons from Estonia for other new (and indeed future) EU accession countries.


Young Workers, Globalization and the Labor Market

Young Workers, Globalization and the Labor Market

Author: Hans-Peter Blossfeld

Publisher: Edward Elgar Publishing

Published: 2008-11-28

Total Pages: 400

ISBN-13: 9781782543336

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Underpinned by the fact that the globalization process and the subsequent increased level of market uncertainty have paved the way for employment flexibility in modern societies, this book examines the labor market chances of young adults in the US and in ten European societies over the past three decades. As young adults represent a very vulnerable labor market group, flexible and insecure employment tends to be pronounced especially at labor market entry. The contributors therefore explore which groups of young adults are especially affected by increasing employment insecurities.


Urban and Regional Prosperity in a Globalised New Economy

Urban and Regional Prosperity in a Globalised New Economy

Author: Roger Sugden

Publisher: Edward Elgar Publishing

Published: 2003-01-01

Total Pages: 348

ISBN-13: 9781781951217

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"There is currently a popular view that the world is undergoing profound changes in the fundamental relationships upon which it is organized. In particular, there is widespread talk of a 'globalized' economy, facilitated by and associated with 'new' techno"