EU - ASEAN: Facing Economic Globalisation by Paul J.J. Welfens, Suthiphand Chirathivat, Franz Knipping

By Paul J.J. Welfens, Suthiphand Chirathivat, Franz Knipping

Fiscal globalisation is a long term overseas approach within which the jobs of the ecu, ASEAN, Korea, Japan and China are of accelerating significance. alternate dynamics and overseas funding, in addition to nearby coverage cooperation in Europe and Asia, are mentioned the following besides historic advancements. additionally, the publication highlights hyperlinks among eu neighborhood legislation and WTO rules. the most important demanding situations posed via China's fiscal enlargement are a part of the research; particular concerns challenge overseas outsourcing and off-shoring in addition to neighborhood fiscal integration in a interval of monetary globalisation. according to ancient dynamics, theoretical research and international shifts, coverage strategies for Europe, Asia and the area financial system could be arrived at: The ebook bargains transparent coverage suggestions and in addition unearths an important matters by way of the welfare research of local integration.

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At the same time the rise cannot compensate for the loss in the share of domestic intermediates, thus the share of foreign intermediates in output has risen in both countries considerably (Slovenia 13%, Poland 14%). The only country where the total domestic share in 2000 exceeded the previous value is Hungary. EUVs show a clear tendency to rise in all but one country, Slovenia (Fig. 11). 4 Radio, Television and Communication Equipment The figure is not as harmonious any more in the radio, television and communication equipment industry.

Eastern European countries face the problems of ageing no less than Western Europe; thus policymakers should stimulate innovations and human capital formation on the one hand, on the other hand it will be important to encourage creation of new firms which often not only create new jobs but contribute to overall flexibility and innovativeness. The European Council has adopted the Lisbon strategy in 2000 as a political agenda to encourage growth and employment in the EU. While many small EU15 countries and the UK have been rather successful in this respect Germany and Italy – and to a lesser extent France – have faced slow growth, insufficient innovation dynamics and only modest ICT dynamics outside mobile telecommunications.

07 Source: EIIW calculations EUV 2001 Weighted (GDP share) A Structural Change, Growth and Bazaar Effects in the Single EU Market RCA 6 23 Export Unit Value 40 35 5 30 4 25 3 20 15 2 10 1 5 0 1993 1994 1995 1996 1997 1998 1999 2000 2001 EUV 01 EUV 93 0 17 18 19 28 36 15 16 20 23 26 27 21 22 24 25 34 35 30 33 29 31 32 Labour Intensive Resource Intensive Res. + Scale Scale Intensive Scale Science Differenciated + Science -based Goods Fig. 3 Hungary – mRCA and export unit values (Source: EIIW calculations) RCA exceeding unity and where the export unit value has improved.

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