Brazil’s economic reform roads

Business Economics - In 2015–2016, Brazil endured the deepest recession in its history. GDP fell by 7.3% in 2 years. Unlike recent crises in other emerging markets, characterized by a balance...     

Citizens’ Europe: Crowded out by economic focus

Over the last ten years the European unification project seemed to rely overwhelmingly on progress in economic terms. The most prominent achievements — the Single Market, the harmonisation of market regulation, the euro — were all driven by an economic rationale. However, attempts to rescue Europe from the ongoing financial crisis call for mutual support and solidarity, concepts that can hardly be derived from pure economic reasoning. This leads to an important question that has been too long neglected: what is the political and civic motivation for a united Europe? Besides a great desire to stabilise peace in Europe, the origins of the unification activities also included mutual interest in language, culture, habits and people in neighbouring countries. Has this been abandoned in favour of a purely economic vision? Or are the economic arguments merely the easiest to promote to the European population? What message does this send in times of mistrust in markets and dim economic prospects for the eurozone? Can a political, cultural and civic European spirit still be reinvigorated, and if so, how?     

Europe’s Path Towards the Socio-Ecological Transition

Beset by an unprecedented combination of challenges including globalisation, demographic shifts, high unemployment and climate change, Europe is in dire need of a new kind of growth and development strategy. The authors of this Forum make compelling arguments for a socioecological transition, in which traditional measures of progress like GDP growth are downplayed in favour of factors such as social inclusion, environmental welfare, high levels of employment and the well-being of European citizens. This Forum explores some of the issues that must be resolved in order to fully achieve the socio-ecological transition, including the necessary decoupling of non-renewable energy use from GDP growth, the reduction of income and wealth inequalities, and the encouragement of innovation that is not based on fossil fuel technology. The Forum presents an optimistic path forward for the continent, with practical policy solutions that do not ignore the many obstacles facing a successful transition.     

OECD’s interim economic outlook,March 2017

The OECD’s overall projection for the global economy is for a modest pick-up in global growth. The bad news is that this remains too slow to make good on commitments and expectations, and has fragile foundations of sluggish productivity growth and rising inequalities. Further, a range of financial vulnerabilities have built up, and there is the threat of rising trade protectionism. To grow the global economy and share the prosperity, we need to introduce fiscal initiatives using the fiscal space gained by low or negative interest rates. These combined fiscal-and-structural initiatives to boost inclusive growth can support demand in the near term but also will address medium-term supply issues.     

Employment problems in western Europe’s industrial states

Until the start of the seventies the situation on the labour markets of the European industrial states was considered with relative optimism. The high growth rates which most of the countries had achieved seemed to be sufficient to absorb the increases in the available labour force. The author discusses the changed situation and its consequences.     

Europe’s energy policy and the task ahead

The oil shock of 1973 and the subsequent world recession have drastically demonstrated the weakness of countries dependent on external energy supplies. In the following, Guido Brunner, the competent Member of the Commission of the European Communities, describes the changes we are facing in the energy field and what the Community is doing to face up to them.

     

Europe’s energy policy and the task ahead

The oil shock of 1973 and the subsequent world recession have drastically demonstrated the weakness of countries dependent on external energy supplies. In the following, Guido Brunner, the competent Member of the Commission of the European Communities, describes the changes we are facing in the energy field and what the Community is doing to face up to them.     

CSR Europe会员新闻CSREurope’s Members News

巴斯夫进一步发展企业战略BASF Further Develops Its Corporate Strategy巴斯夫计划继续加强其作为世界领先的化工公司的地位,在进一步制定的战略“创造化学新作用”中,公司对如何达到这一目标做了简要概述：当代化工行业的创新已经很少依赖于新化学品的开发,     

Covid’s economic reset: making the quixotic quotidian

Business Economics - It is easy to become dispirited. Despite my concern about the near-term outlook, advising business leaders requires that I look past the pandemic. Akcigit and Ates argue that...     

Europe’s Climate Target for 2050: An Assessment

Intereconomics - Decarbonisation is harder for transport, heating, industry and agriculture. That is, a doubling of the decarbonisation rate requires much more than a doubling of the policy effort....     

Canada’s Immigration System: Lessons for Europe?

At a minimum, Canada’s observations of immigration policies, practices and outcomes in other countries have broadened and enriched the domestic policy debate, and hopefully other countries will similarly benefit from looking at Canada.     

New Zealand’s perfect storm of entrepreneurship and economic development

Applying a grounded-theory approach to analyzing the Global Entrepreneurship Monitor (GEM) data, we attempt to explain why New Zealand exhibits only a moderate level of economic development despite its high level of entrepreneurship. By statistically analyzing why 34 other countries in the 2005 GEM dataset exhibit small deviations from the classical quadratic curvilinear relationship between entrepreneurship and economic development, we develop a better understanding of the entrepreneurial framework conditions underlying New Zealand’s large deviation from this trend line. Based on our findings from the GEM data we make policy recommendations that could aid in moving New Zealand (and other countries) closer toward the trend line and thus promote economic development.     

Young SMEs as a Motor of Europe’s Innovation Machine

Intereconomics - Using large scale EIB Investment Survey evidence for 2016 covering 8,900 non-financial firms from all size and age classes across all sectors and all EU member states, the authors...