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1071. Key Factors of Structural Change in North Rhine-Westphalia

Author:
Claudio Maggi
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Institute for Development and Peace
Abstract:
Recent years have seen the re-emergence of industrial policies and policies for the promotion of economic activity in both industrialised and developing countries, flanked by regional and national strategies for enhanced integration into increasingly globalised international markets, improved competitiveness and sustainably dynamic economic growth. The growing popularity of these policies is also a reflection of recent currents in international economic debate, notably the argument that the recipes for stability staunchly championed by neo-liberals, which gave rise to the Washington Consensus in the early eighties, need to be complemented by more committed policies designed to strengthen international competitiveness.
Topic:
Development, Economics, Globalization, Government, and Industrial Policy
Political Geography:
Europe, Washington, and Westphalia

1072. 2nd IAI-SWP Review Conference on the Mediterranean

Author:
Daniela Pioppi
Publication Date:
06-2000
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
In the opening session the two directors of the IAI-SWP exercise, Roberto Aliboni and Volker Perthes, together with Franco Zallio (Fintesa Studi Paese) gave a first overview of the main issues and problems faced by the Euro-Med Partnership (EMP). Volker Perthes' introduction focused on more political issues. He started by underlining the fact that the EMP is an experiment of 'regional governance' (expression taken from 'global governance'). However, the region comprised by the EMP is not a geographical expression. The EU decided who was to be included (i.e. Libya and the Balkans are excluded, but Jordan or EU non-Mediterranean countries are comprised). Therefore, the problem remains: what is a proper region for the EMP undertaking?
Topic:
Security, Economics, and International Cooperation
Political Geography:
Europe, Middle East, Balkans, and Jordan

1073. Euro Spectator 2000 - Italy

Author:
Silvia Nenci and Marina Mancini
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
According to the “Eurobarometer” survey (Eurobarometer No 54), conducted in November and December 2000 among more than 16,000 citizens of the European Union, 55% (-3% in comparison with spring 2000) of Europeans support the single currency, whilst 37% do not. The Member States in which support is strongest are Italy (79%), Luxembourg (75%), Belgium (72%), Greece (70%), Ireland (69%), Spain (68%) and the Netherlands (64%). The majority of public opinion is against the Euro in Sweden (26%), the United Kingdom (21%), Denmark (41%) and Finland (45%). Looking at Italy, results show that 79% of citizens are in favour of the Euro (-2% in comparison with previous six months), 17% are against it (+ 3%) and the remaining 4% are indifferent.
Topic:
Economics and International Trade and Finance
Political Geography:
United Kingdom, Europe, Finland, Greece, Belgium, Denmark, Spain, Italy, Sweden, Netherlands, Ireland, and Luxembourg

1074. From Economic Convergence to Convergence in Affluence? Income Growth, Household Expenditure and the Rise of Mass Consumption in Britain and West Germany, 1950-1974

Author:
Peter Kramper
Publication Date:
10-2000
Content Type:
Working Paper
Abstract:
The “Golden Age” of post-war European economic growth has witnessed extraordinary changes not only in the economic, but also in the social and cultural outlook of Western European societies. Eric Hobsbawm's statement that “[h]istorians of the twentieth century in the third millennium will probably see the century's major impact on history as the one made by and in this astonishing period” is perhaps a little bit too enthusiastic; but it shows that the “Great Boom” has come to be regarded as a key period on the road to the present-day Western world. It has transformed the countries of the West and has at the same time made them more similar to each other. No matter what European societies were in 1950 by 1973, they were all, in Galbraith's famous.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Britain and Europe

1075. International: Techno-Stock Troubles

Author:
Oxford Analytica
Publication Date:
06-2000
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The current bubble in 'technology stocks' has led to official concern about over-enthusiasm by investors and the banking consequences of a sudden price collapse. The first signs of the long awaited shift emerged last week, as investors shifted from fashionable technology, media and telecoms (TMT) stock back into traditional 'old economy' blue chips. Capital flooding in from Europe and Japan to the United States has been attracted to booming markets led mostly by these stocks. The rest of the market (misleadingly known as the 'old economy') has risen comparatively little.
Topic:
Economics, International Trade and Finance, and Science and Technology
Political Geography:
United States, Japan, and Europe

1076. Creating Stability: National Preferences and the Origins of European Monetary System

Author:
Mark Aspinwall
Publication Date:
12-2000
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This essay compares the preferences of France, Italy, and Britain on the creation of the European Monetary System in 1978-1979, especially the Exchange Rate Mechanism, which stabilised nominal exchange rates. My claim is that the different conclusions reached by the governments (France and Italy in, Britain out) cannot be explained by economic circumstances or by interests, and I elaborate an intervening institutional variable which helps explain preferences. Deducing from spatial theory that where decisionmakers 'sit' on the left-right spectrum matters to their position on the EMS, I argue that domestic constitutional power-sharing mechanisms privilege certain actors over others in a predictable and consistent way. Where centrists were in power, the government's decision was to join. Where left or right extremists were privileged, the government's decision was negative. The article measures the centrism of the governments in place at the time, and also reviews the positions taken by the national political parties in and out of government. It is intended to contribute to the growing comparativist literature on the European Union, and to the burgeoning literature on EU-member-state relations.
Topic:
Economics, Government, and International Cooperation
Political Geography:
Britain, Iraq, Europe, and France

1077. East-West Integration and the Changing German Production Regime: A Firm-Centered Approach

Author:
Katharina Bluhm
Publication Date:
12-2000
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
With the opening of Central Eastern Europe German firms have gained access to low labor costs in close geographical proximity. Intense debate about the impact this has had on the “German model” of capitalism has ensued. This paper argues that, in fact, production shifts are taking place in which cost-cutting motives are an important guideline. German firms, however, hesitate to aggressively utilize this new option in their internal domestic labor policy. Rather, firms tend to avoid confrontations with their employees on “job exports”. The necessity of collaboration on both sides of the border, the relative strength of workers in the domestic high-quality production system, and the constraints of industrial relations provide explanations for the moderate behavior. So far, the outcome of the bargained reorganization is that firms gain more labor flexibility, performance-related differentiation, and labor-cost rationalization without challenging the institutionalized long-term employment commitments for their core workforce.
Topic:
Economics and Government
Political Geography:
Europe, Eastern Europe, and Germany

1078. “Social Democracy, Globalization and Governance: Why is there no European Left Program in the EU?”

Author:
Christopher S. Allen
Publication Date:
09-2000
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
This paper addresses globalization and governance in the EU by attempting to generate some plausible hypotheses that might explain the policy choices of the 12 out of 15 European democratic left governments. With all of the discussion in recent years of a democratic deficit, and then need to maintain a “social Europe,” why have these governments not produced more explicit left-wing policies?
Topic:
Democratization, Economics, and Government
Political Geography:
Europe and Germany

1079. When Labour and Capital Collude: The Varieties of Welfare Capitalism and Early Retirement in Europe, Japan and the USA

Author:
Bernhard Ebbinghaus
Publication Date:
01-2000
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
The institutionalisation of early retirement has become a universal feature of postwar industrial economies, though there are significant cross-national variations. This paper studies the impact of different types of welfare regimes, production systems and labour relations on early exit from work. After an analysis of the main trends, the paper discusses the costs and benefits of early retirement for the various actors — labour, capital and the state — at different levels. The paper outlines both the “pull” and “push” factors of early exit. It first compares the distinct welfare state regimes and private occupational pensions in their impact on early retirement. Then it looks at the labour-shedding strategies inherent to particular employment regimes, production systems and financial governance structures. Finally, the impact of particular industrial relations systems, and especially the role of unions is discussed. The paper finds intricate “institutional complementarities” between particular welfare states, production regimes and industrial relations systems, and these structure the incentives under which actors make decisions on work and retirement. The paper argues that the “collusion” between capital, labour and the state in pursuing early retirement is not merely following a labour-shedding strategy to ease mass unemployment, but also caused by the need for economic restructuration, the downsizing pressures from financial markets, the maintenance of peaceful labour relations, and the consequences of a seniority employment system.
Topic:
Economics
Political Geography:
United States, Japan, Europe, and East Asia

1080. EMU Effects on International Trade and Investment

Author:
Harry Flam and Per Jansson
Publication Date:
04-2000
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
The partial effect of nominal exchange rate volatility on exports from each EMU member to the rest of the EMU is estimated on annual data for 1967-97, using modern time-series methods. The long-run relations between exchange rate volatility and exports are mostly negative and in several cases insignificantly different from zero. Thus, these estimates do not provide much support for the hypothesis that the elimination of nominal exchange rate volatility will significantly increase trade within the EMU. However, the EMU will presumably lead to geographical concentration of production and therefore indirectly to increased trade within the EMU and, during a transitional stage, to increased foreign direct investment, both within the EMU and between the EMU and the rest of the world.
Topic:
Economics, Government, International Political Economy, and International Trade and Finance
Political Geography:
Europe