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Globalization of the Economy, Unemployment and Innovation : Structural Change, Schumpetrian Adjustment, and New Policy Challenges - Paul J. J. Welfens

Globalization of the Economy, Unemployment and Innovation

Structural Change, Schumpetrian Adjustment, and New Policy Challenges

Hardcover Published: 16th July 1999
ISBN: 9783540652502
Number Of Pages: 258

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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.

Introductionp. 1
Economic Globalizationp. 5
Globalization of the Economy and Increasing International Competitionp. 7
Globalization and Rising Importance of Diffusionp. 47
Globalization, Telecommunications and Diffusionp. 48
Unemployment and Innovation in Europep. 51
EU Labor Markets Facing Globalization and Intensified Technology Competitionp. 53
The Global Economy: RandD, Structural Change and Employment Shiftsp. 78
Labor Costs, Unemployment and Innovationp. 163
Labor Cost Pressure and Unemploymentp. 165
Factors Underlying High Labor Costsp. 169
Analytical Types of Wage and Labor Cost Pressurep. 171
Wage Pressure, Productivity Growth and Innovationp. 179
Bargaining Regimes and Incentivesp. 184
Firm Size, Productivity and Labor Costsp. 186
Wage Pressure, Innovation, FDI and Unemploymentp. 187
Conclusions and Policy Implications for Europep. 196
Issues of Innovation Policyp. 205
RandD Policy and Reformsp. 207
Innovation and Innovation Policyp. 220
Adjusting Guidelines, Promoting Cooperation and Increasing Transparencyp. 224
Environmental Problems and Growth: Some Policy Conclusionsp. 225
Exploiting Communication Opportunitiesp. 226
New Role for the EU in Education Policiesp. 227
Mobilizing Entrepreneurship in Universitiesp. 228
Perspectives: Globalization and Political Innovation in a Democracyp. 229
Globalization, the Information Society and Economic Catching-up in the World Economyp. 233
List of Tables and Figuresp. 241
Referencesp. 243
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9783540652502
ISBN-10: 3540652507
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 258
Published: 16th July 1999
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 23.5 x 15.5  x 1.91
Weight (kg): 1.22