DOCSLIB.ORG

A New Strategy for Europe

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
A New Strategy for Europe WELFARE, WEALTH AND WORK: A NEW STRATEGY FOR EUROPE February 25th, 2016 Hotel Silken Berlaymont Boulevard Charlemagne 11 Brussels SOCIO-ECOLOGICAL TRANSITION GOVER- REGIONS INNO VATION NANCE ENVIRONMENTAL SUSTAINA BILITY gy WELFARE te STATE ra st ad ro - h This project has received funding from the European g Union’s Seventh Framework i Programme for research, technological development and demonstration under grant agreement no. 290647. H WELFARE, WEALTH AND WORK: A STRATEGIC EUROPEAN APPROACH The European Union has demonstrated a tremendous success story of unification and implementation of a joint currency for 330 million people. Who should attend? Nevertheless, in the last years, the European project has shown the need for ● European institutions and a consistent, longer-term strategy, a vision that again sparks enthusiasm agencies and support for this project. ● Social partner For the last four years WWWforEurope has worked on such a strategic organisations approach in close communication with policy makers, the research ● Trade unions community and stakeholders – the results of this research work and the policy conclusions are to be presented and discussed at this symposium: ● Employers’ confederations ● Economic development WWWforEurope’s overall vision is that by 2050 Europe will have become a agencies role model for a dynamic, open, and pluralistic economic area characterised ● by limited income differences, absolute decline of emissions and resource Non-governmental institutions use and positive spillovers to neighbours and the world at large. ● Economic, political and In the short and medium run this will mean fostering dynamics and social science think tanks employment via consolidation and reprogramming, while in the long run ● Media Europe should become front-runner in a socio-ecological transition with high priority of sustainability and Beyond GDP goals. ● Environmental groups ● Academics and universities For both these stages a pro-active strategy towards a “high road of competitiveness” is needed, based on strengthening capabilities in ● Women’s interest groups education, innovation, institutions, activating social policy, and ecological and associations ambition. ● Youth organisations ● In the foreseeable future the European economy is not prepared for slow Local authorities growth. To tackle the problems of unemployment, poverty and public ● International and regional debt industrialised countries have to restart growth. But this cannot be organisations achieved by a business as usual approach – instead, investment in change is ● Employment agencies needed, meaning reprogramming towards new, environmentally sustainable infrastructure, social innovation, and changing institutions. ● Social security institutions ● Social workers In the long run a double decoupling is called for: a decoupling of emissions organisations from output and a decoupling of employment and social welfare from ● output growth. This can be achieved by strengthening the capabilities Students in large realms: ecologically by striving for a low-carbon (and probably ● Teachers low-growth) economy, industrially by focussing on ecological and social ● and everybody interested innovation, socially by activation and equal opportunities, regionally by more in a new „European model“ involvement and integration of local stakeholders and, last but not least, governmentally by increasing transparency and consistency of institutions. WELFARE, WEALTH AND WORK: A STRATEGIC EUROPEAN APPROACH FEBRUARY 25th, 2016 PROGRAMME 10:00 Registration 10:30 Welcoming Addresses/Keynotes Karl Aiginger, Austrian Institute of Economic Research, Coordinator of WWWforEurope; Kenneth Arrow, Stanford University, Member of the Scientific Board for the WWWforEurope project (video message); Peter Dröll, Director, DG Research and Innovation, EC; Domenico Rossetti di Valdalbero, Principal Administrator, DG Research and Innovation, EC 11:20 Session 1: Summary of Main Results of the Project Karl Aiginger, Austrian Institute of Economic Research 11:45 Coffee Break 12:00 Session 2: How to Combine Environmental Concerns with Dynamics and Innovation Reinhilde Veugelers, KU Leuven 12:25 Session 3: Social Investment Thomas Leoni, Austrian Institute of Economic Research 12:50 Session 4: Reform Resistance and Reform Strategies Friedrich Heinemann, ZEW Mannheim 13:15 Lunch Break 14:00 Session 5: The Regional Dimension of Socio-Ecological Transition Thomas Sauer, University of Applied Sciences Jena 14:25 Session 6: Socio-Ecological Transition in a Historical Perspective Marina Fischer-Kowalski, Alpen Adria University, Klagenfurt 14:50 Coffee Break 15:10 Session 7: Wrap-Up Pervenche Berès, Member of the European Parliament; Franz Fischler, President of the European Forum Alpbach, former EU Commissioner; Monica Frassoni, Co-Chair of the European Green Party 15:40 Policy Panel Discussion Karl Aiginger, Austrian Institute of Economic Research; Kurt Bayer, Economist, former Executive Director at the Worldbank; Anton Hemerijck, VU University Amsterdam; Adam Posen, Peterson Institute for International Economics 16:40 Results of Opinion Survey Hans Pitlik, Austrian Institute of Economic Research 16:55 Closing Remarks Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries Contact Information Updated February 08th, 2016 Project Coordinator: Please note that the programme is subject to changes. WIFO - Austrian Institute of Economic Research Arsenal, Objekt 20, 1030 Vienna, Austria Mandatory registration till February 14th, 2016: Telephone: +43 1 798 26 01-332 wwwforeurope-events@wifo.ac.at www.foreurope.eu.
Load more

Recommended publications
  • Rebirth of Industrial Policy and an Agenda for the 21St Century
    QUERDENKERPLATTFORM: WIEN – EUROPA www.querdenkereuropa.at Mimeo 1/2019 – November 2019 REBIRTH OF INDUSTRIAL POLICY AND AN AGENDA FOR THE 21ST CENTURY KARL AIGINGER1 AND DANI RODRIK2 THE REBIRTH OF INDUSTRIAL POLICY: REASONS AND OPEN QUESTIONS After a period of decline in interest and premature predictions of demise, industrial policy is back on the scene. A variety of trends have contributed to the renewed interest. In the developing world there has been a pushback against the market-fundamentalist approach, typically associated with the Washington Consensus. Even when growth rates have been high, economies in Sub-Saharan Africa and Latin America have experienced unsatisfactory rates of productive transformation and shortfalls in generating quality jobs in manufacturing or modern services. This has created a demand for proactive government policies to diversify and upgrade economies beyond simply freeing up markets. In the advanced economies, generalized labor market malaise and the lingering effects of the financial crisis have produced similar effects. Low growth dynamics occurred especially in the euro zone, as countries with 1 Policy Crossover Center Vienna-Europe (www.querdenkereuropa.at), 1090 Vienna, Rotenhausgasse 6/9 (OeGFE), Vienna University of Economics and Business, Vienna, Austria, corresponding author, Karl.Aiginger@querdenkereuropa.at 2 79 J.F. Kennedy Street, Harvard Kennedy School, Cambridge,MA 02138, USA dani_rodrik@harvard.ed trade and budget double deficits with a common currency struggled to come out of the crisis The continuing decline in the employment shares of manufacturing in the US and Western European countries, and the increasing competitive threat posed by China on world markets have pushed in the same direction.3 Interest in industrial policy is being further stimulated by disruptive technological change – from automatization to digitalization, industry 4.0, and the internet of things.
    [Show full text]
  • The European Socio-Economic Model. Differences to the USA and Changes Over Time
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Aiginger, Karl; Guger, Alois Working Paper The European Socio-Economic Model. Differences to the USA and Changes over Time WIFO Working Papers, No. 266 Provided in Cooperation with: Austrian Institute of Economic Research (WIFO), Vienna Suggested Citation: Aiginger, Karl; Guger, Alois (2005) : The European Socio-Economic Model. Differences to the USA and Changes over Time, WIFO Working Papers, No. 266, Austrian Institute of Economic Research (WIFO), Vienna This Version is available at: http://hdl.handle.net/10419/128806 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS The European Socio-Economic Model Differences to the USA and Changes over Time Karl Aiginger, Alois Guger 266/2005 The European Socio-Economic Model Differences to the USA and Changes over Time Karl Aiginger, Alois Guger WIFO Working Papers, No.
    [Show full text]
  • New Dynamics for Europe: Reaping the Benefits of Socio-Ecological Transition
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Aiginger, Karl; Schratzenstaller, Margit Research Report New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition. Synthesis Report Part I WWWforEurope Deliverable, No. 11 Provided in Cooperation with: WWWforEurope - WelfareWealthWork, Wien Suggested Citation: Aiginger, Karl; Schratzenstaller, Margit (2016) : New Dynamics for Europe: Reaping the Benefits of Socio-ecological Transition. Synthesis Report Part I, WWWforEurope Deliverable, No. 11, WWWforEurope, Vienna This Version is available at: http://hdl.handle.net/10419/169308 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen
    [Show full text]
  • Econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Aiginger, Karl Working Paper Catching-up in Europe: The Experiences of Portugal, Spain and Greece in the Nineties WIFO Working Papers, No. 212 Provided in Cooperation with: Austrian Institute of Economic Research (WIFO), Vienna Suggested Citation: Aiginger, Karl (2003) : Catching-up in Europe: The Experiences of Portugal, Spain and Greece in the Nineties, WIFO Working Papers, No. 212, Austrian Institute of Economic Research (WIFO), Vienna This Version is available at: http://hdl.handle.net/10419/128757 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS Catching-up in Europe: The Experiences of Portugal, Spain and Greece in the Nineties Karl Aiginger 212/2003 Catching-up in Europe: The Experiences of Portugal, Spain and Greece in the Nineties Karl Aiginger WIFO Working Papers, No.
    [Show full text]
  • Rebirth of Industrial Policy and an Agenda for the 21St Century1
    REBIRTH OF INDUSTRIAL POLICY AND AN AGENDA FOR THE 21ST CENTURY1 Karl Aiginger 1 and Dani Rodrik2 1 Policy Crossover Center Vienna-Europe (www.querdenkereuropa.at), 1103 Vienna, Rotenhausgasse 6/9 (OeGFE), Vienna University of Economics and Business, Vienna, Austria, corresponding author 279 J.F. Kennedy Street, Harvard Kennedy School, Cambridge,MA 02138, USA dani_rodrik@harvard.ed, Karl.Aiginger@querdenkereuropa.at THE REBIRTH OF INDUSTRIAL POLICY: REASONS AND OPEN QUESTIONS After a period of decline in interest and premature predictions of demise, industrial policy is back on the scene. A variety of trends have contributed to the renewed interest. In the developing world there has been a pushback against the market-fundamentalist approach, typically associated with the Washington Consensus. Even when growth rates have been high, economies in Sub-Saharan Africa and Latin America have experienced unsatisfactory rates of productive transformation and shortfalls in generating quality jobs in manufacturing or modern services. This has created a demand for proactive government policies to diversify and upgrade economies beyond simply freeing up markets. In the advanced economies, generalized labor market malaise and the lingering effects of the financial crisis have produced similar effects. Low growth dynamics occurred especially in the euro zone, as countries with trade and budget double deficits with a common currency struggled to come out of the crisis The continuing decline in the employment shares of manufacturing in the US and Western European countries, and the increasing competitive threat posed by China on world markets have pushed in the same direction.2 Interest in industrial policy is being further stimulated by disruptive technological change – from automatization to digitalization, industry 4.0, and the internet of things.
    [Show full text]
  • Harnessing Competitiveness for Social and Ecological Goals High Road Competitiveness Is Necessary and Feasible
    Karl Aiginger1 Harnessing competitiveness for social and ecological goals High road competitiveness is necessary and feasible In: Chiocchetti, Paolo and Allemand, Frédéric. Competitiveness and Solidarity in the European Union: Interdisciplinary Perspectives. London: Routledge. ISBN 978-1-138-54587-8 Forthcoming 2018. Abstract The term competitiveness has been “captured” for too long by lobbyists and politicians in pursuing a low wage strategy. The right-wing populists of today, like the new US administration, have extended this low road agenda by calling for lower environmental ambitions and for a lower social standard. The potential loss of jobs due to “unfair” low cost competitors, but also to inward migration, can mobilize popular support against globalization, even if the trade balance is positive, as it is in the EU. This article argues that countries focusing on innovation, skills and product quality are more successful in the long run. Especially for industrialized countries this is the only strategy to further increase welfare, since low cost countries will enter the market all the time. A high road strategy however needs an alternative framework of concepts and definitions: competitiveness is defined as the ability to deliver outcomes that include social and environmental goals; performance is measured by “Beyond GDP indicators”; and finally a systemic industrial policy has to support innovation and retrain the losers of structural change. In a “high road” approach, competiveness harnesses societal goals and undermines the roots of populism. 1 Karl Aiginger Vienna University of Economics and Business, Policy Crossover Center Vienna Europa (www.querdenkereuropa.at, karl.aiginger@querdenkereuropa.at) The article heavily draws on the research in WWWforEurope, specifically Aiginger (2016), Aiginger– Bärenthaler-Sieber-Vogel (2013), Aiginger-Vogel (2015) and Aiginger-Firgo (2016).
    [Show full text]
  • Fostering Sustainable Economic Growth by Redefining Competitiveness and Industrial
    Brief for GSDR 2015 Fostering sustainable economic growth by redefining competitiveness and industrial policy: Towards a systemic policy approach aligned with beyond-GDP goals Policy Brief prepared for the UN Global Sustainable Development Report 2015 Karl Aiginger – Michael Böheim* Abstract research sectors, (iii) by greater public awareness Industrial policy is back on the agenda and the and (iv) if consumer preferences will call for consensus is that it must be different 'this time' socio-ecological transition. from the past. Following Aiginger et al. (2013) we redefine industrial policy for industrialised Ten Theses for a “new” industrial policy countries as a strategy to promote 'high-road fostering sustainable growth 1 competitiveness', understood as the ability of an economy to achieve 'Beyond-GDP' Goals. 'High- (1) Industrial policy is back on the political road strategies' are based on advanced skills, agenda , driven by fear (globalisation, innovation, supporting institutions, ecological deindustrialisation) and hope (increasing ambition and an activating social policy. This 'new employment, sustainability). Bubbles in non- industrial policy' is systemic, working in manufacturing sectors (finance, construction, alignment with other policy strands and housing) have fuelled the financial crisis, and supporting social and environmental goals; it recovery is especially difficult in countries with a affects the structure of the economy as the small manufacturing sector, particularly when it whole not only the manufacturing sector. Short- is combined with a current account deficit. term actions, such as protecting employment in (2) Academia suggests that a new industrial unviable companies, low prices for fossil fuels, or policy must be different from the past. It should reducing wages in high-income economies are promote competition and be a discovery process counterproductive.
    [Show full text]
  • A Systemic Industrial Policy to Pave a New Growth Path for Europe
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Aiginger, Karl Working Paper A Systemic Industrial Policy to Pave a New Growth Path for Europe WIFO Working Papers, No. 421 Provided in Cooperation with: Austrian Institute of Economic Research (WIFO), Vienna Suggested Citation: Aiginger, Karl (2012) : A Systemic Industrial Policy to Pave a New Growth Path for Europe, WIFO Working Papers, No. 421, Austrian Institute of Economic Research (WIFO), Vienna This Version is available at: http://hdl.handle.net/10419/129006 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS A Systemic Industrial Policy to Pave a New Growth Path for Europe Karl Aiginger 421/2012 A Systemic Industrial Policy to Pave a New Growth Path for Europe Karl Aiginger WIFO Working Papers, No.
    [Show full text]
  • Industrial Policy for a Sustainable Growth Path
    A Service of Leibniz-Informationszentrum econstor Wirtschaft Leibniz Information Centre Make Your Publications Visible. zbw for Economics Aiginger, Karl Working Paper Industrial Policy for a Sustainable Growth Path WIFO Working Papers, No. 469 Provided in Cooperation with: Austrian Institute of Economic Research (WIFO), Vienna Suggested Citation: Aiginger, Karl (2014) : Industrial Policy for a Sustainable Growth Path, WIFO Working Papers, No. 469, Austrian Institute of Economic Research (WIFO), Vienna This Version is available at: http://hdl.handle.net/10419/129024 Standard-Nutzungsbedingungen: Terms of use: Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Documents in EconStor may be saved and copied for your Zwecken und zum Privatgebrauch gespeichert und kopiert werden. personal and scholarly purposes. Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle You are not to copy documents for public or commercial Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich purposes, to exhibit the documents publicly, to make them machen, vertreiben oder anderweitig nutzen. publicly available on the internet, or to distribute or otherwise use the documents in public. Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, If the documents have been made available under an Open gelten abweichend von diesen Nutzungsbedingungen die in der dort Content Licence (especially Creative Commons Licences), you genannten Lizenz gewährten Nutzungsrechte. may exercise further usage rights as specified in the indicated licence. www.econstor.eu ÖSTERREICHISCHES INSTITUT FÜR WIRTSCHAFTSFORSCHUNG WORKING PAPERS Industrial Policy for a Sustainable Growth Path Karl Aiginger 469/2014 Industrial Policy for a Sustainable Growth Path Karl Aiginger WIFO Working Papers, No. 469 June 2014 Abstract Industrial policy is back on the agenda and the consensus is that it must be different "this time" from the past.
    [Show full text]
  • Policy Strategies of Successful European Countries in the Nineties Karl Aiginger
    Copying the US or developing a New European Model – policy strategies of successful European countries in the nineties Karl Aiginger Paper presented to the UN-ECE Spring Seminar 2004: Competitiveness and economic growth in the ECE region Geneva, 23. 2. 2004 Karl Aiginger Austrian Institute of Economic Research WIFO, University of Linz and European Forum at Stanford University P.O. Box 91 A-1103 Vienna Austria Karl.Aiginger@wifo.ac.at www.wifo.ac.at/Karl.Aiginger NEMTHREETIERS_Genf 13. 02. 04 Copying the US or developing a New European Model – policy strategies of successful European countries in ∗ the nineties Abstract: In general, the economic performance of European countries was disappointing in the nineties. However, country differences increased, and in some European countries economic growth matched US rates. This paper uses a set of performance indicators to carve out a group of successful European countries and to compare their economic strategies to those of the more poorly performing, big continental economies. The analysis shows that the successful countries implemented a policy mixture of cost cutting, improving institutions, and investing in future growth. We consider the first two strategy elements to be preconditions, while investment in growth drivers such as research, education and technology diffusion is the sufficient condition for long-run growth. The difference between top and low performers is larger with respect to the dynamics of future investment than in cost cutting. In research expenditures, the top countries surpassed the big continental European countries in 1987, and have been increasing their lead steadily since that time. They are welfare states with a comprehensive social net, which they have maintained in principle, while improving institutions and incentive structures.
    [Show full text]
  • Exploring Paths to Prosperity
    Programme FIFTH EU-SOUTHEAST EUROPE SUMMIT EXPLORING PATHS TO PROSPERITY OCTOBER 5th 2016 • VIENNA Venues: Bristol hotel Austrian Federal Economic Chamber (WKO) Supporting organisations: Tuesday, October 4th 2016 Venue: Bristol hotel (By invitation only) 18:00 Arrival of guests, registration and cocktails 19:00 Opening Dinner Welcome remarks by: Richard Schenz, vice president, Austrian Federal Economic Chamber Guest of honour and keynote speaker: Karlheinz Kopf, second president of the National Council, Austria Wednesday, October 5th 2016 Venue: Austrian Federal Economic Chamber (WKO) 08:00 Registration and refreshments 08:45 THE ECONOMIST’S FORECAST ON SOUTHEAST EUROPE • Which countries are the front-runners? • Which will still struggle? • Why have the Balkans lagged behind other transition economies? John Andrews, consultant editor, The Economist Joan Hoey, lead analyst and regional manager, Europe, The Economist Intelligence Unit Laza Kekic, independent consultant, former regional director for Europe & director for country forecasting services, The Economist Intelligence Unit 08:55 Discussion 09:00 Welcome remarks by: Richard Schenz, vice president, Austrian Federal Economic Chamber EUROPE: ON THE EDGE • Dealing with the migrant crisis • After Brexit: What lies in store for the EU? • EU and the Balkans: should further integration be expected? Meglena Kuneva, deputy prime minister for European policies coordination and institutional affairs and minister of education and science, Bulgaria Vladimir Kavaric, minister of economy, Government
    [Show full text]
  • Karl Aiginger Director Austrian Institute of Economic Research (WIFO) Karl Aiginger
    Karl Aiginger Director Austrian Institute of Economic Research (WIFO) Karl Aiginger How Globalization Works: Seventeen Theses on Its Impact on Trade, FDI, Income and Welfare 1 Definition and Dimensions ature, these regions are often called We tentatively define globalization as developed versus developing coun- the extension of the horizon of ac- tries, or North versus South. tion. Economic strategies, but also While globalization has been an social relations, knowledge, and cul- important topic for a long time, there ture cease to be limited by national are several new aspects, as stressed in borders; they become international Pichelmann and Vengelers (2005): and finally global. – the weak economy in the EU ver- Within the economic realm, glo- sus the buoyant growth of the balization implies a larger horizon for world economy1 trade, production and sourcing as – the emergence of new players, with well as for physical and financial in- especially large labor forces and vestment. The origin of goods con- relatively high technical capaci- sumed widens, also for intangible ties activities and services, specifically – information and communications information, technology, organiza- technologies, which allow knowl- tion, culture and finally for the socio- edge to be codified, boosting the economic model. The choice of the tradability of goods and services location for living and working – a and causing vertical fragmenta- topic covered by the term “mobility” tion; there is a specialization ac- within an integration area and by the cording
    [Show full text]