03 2018 Autumn Vol. 19 SPECIAL SPOTLIGHT TRENDS A Euro Area Finance The ‘Make in India’ Statistics Update Ministry – Recipe Initiative for Improved Chang Woon Nam and Governance? Peter Steinhoff Michael Clauss and Stefan Remhof FOCUS Unconditional Basic Income Thomas Straubhaar, Malcolm Torry, Jurgen De Wispelaere, Antti Halmetoja and Ville-Veikko Pulkka, Ugo Colombino and Nizamul Islam, Karl Widerquist CESifo Forum ISSN 1615-245X (print version) ISSN 2190-717X (electronic version) A quarterly journal on European economic issues Publisher and distributor: ifo Institute, Poschingerstr. 5, 81679 Munich, Germany Telephone ++49 89 9224-0, Telefax ++49 89 9224-98 53 69, e-mail
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[email protected]) Indexed in EconLit Reproduction permitted only if source is stated and copy is sent to the ifo Institute. www.cesifo-group.de VOLUME 19, NUMBER 3, Autumn 2018 FOCUS Unconditional Basic Income Universal Basic Income – New Answer to New Questions for the German Welfare State in the 21st Century 3 Thomas Straubhaar Some Lessons from the Recent UK Debate about Universal Basic Income 10 Malcolm Torry The Rise (and Fall) of the Basic Income Experiment in Finland 15 Jurgen De Wispelaere, Antti Halmetoja and Ville-Veikko Pulkka Basic Income and Flat Tax: The Italian Scenario 20 Ugo Colombino and Nizamul Islam The Devil’s in the Caveats: A Brief Discussion of the Difficulties of Basic Income Experiments 30 Karl Widerquist SPECIAL A Euro Area Finance Ministry – Recipe for Improved Governance? 36 Michael Clauss and Stefan Remhof SPOTLIGHT The ‘Make in India’ Initiative 44 Chang Woon Nam and Peter Steinhoff TRENDS Statistics Update 46 FOCUS Unconditional Basic Income Thomas Straubhaar Openness and the global integration of markets, international division of labour and competition Universal Basic Income – may well improve efficiency and stimulate economic New Answers to New Ques- growth.