Horst Siebert Boeken

The economies of many advanced countries are currently going through a period of structural adjustment caused mainly by the globalization of production and technological change. Already, economists are beginning to analyze the impact of this new state of affairs upon labor markets. In this volume, Horst Siebert brings together twelve experts from around the world to examine these sectoral structural changes at various levels of aggregation -- among them, the way that age and gender relate to the overall composition of the labor force, the development of different occupations within industries, and the reasons for the varying experiential and educational backgrounds of the workforce. Conducted for both major industrial countries such as the United States and Japan and for the smaller open economies of Denmark and the Netherlands, for instance, these analyses will be of interest to international economists on a broad scale.

Rules for the Global Economy is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these institutional arrangements, such as the ones that govern banking, emerge when countries fail to solve economic problems on their own and cede part of their sovereignty to an international order. Siebert demonstrates that the rules result from a trial-and-error process--and usually after a crisis--in order to prevent pointless transaction costs and risks. Using an accessible and nonmathematical approach, Siebert links the rules to four areas: international trade relations, factor movements, financial flows, and the environment. He looks at the international division of labor in the trade of goods and services; flow of capital; diffusion of technology; migration of people, including labor and human capital; protection of the global environment; and stability of the monetary-financial system. He discusses the role of ethical norms and human rights in defining international regulations, and argues that the benefits of any rules system should be direct and visible. Comprehensively supporting rules-based interactions among international players, the book considers future issues of the global rules system.

One of Germany's most influential economists analyzes the country's economy, the largest in the EU and third largest globally, highlighting its weaknesses: poor GDP growth, high unemployment from a malfunctioning labor market, and an unsustainable social security system. The author outlines necessary reforms to address these issues, taking a broader view than recent analyses. He considers Germany's fiscal policy, product market regulation, capital market, environmental policy, and aging and immigration policies, along with its human capital formation system and role in the EU, particularly the euro zone. A central theme is Germany's system of economic governance and why this former powerhouse is now struggling. The author argues for a market renaissance, urging Germany to shed its social welfare economy and consensus-driven decision-making that hampers competition. He examines the social security system and labor market, including trade unions, while focusing on current concerns, foreseeable challenges, and long-term policy issues. This comprehensive analysis of the postwar German economy is essential for economists, finance professionals, students, researchers, and anyone interested in Germany's role and future in Europe.

Selected for its cultural significance, this work preserves the integrity of the original artifact, featuring authentic copyright references and library stamps. It serves as a vital component of the knowledge base of civilization, reflecting historical context and scholarly importance. The reproduction aims to maintain fidelity to the original, offering readers a glimpse into the past while highlighting its enduring relevance.

The book delves into the complexities of reforming capital income taxes within an open economy context. It examines the various tax incentives and disincentives affecting investment decisions, considering both cross-border portfolio and direct investments. Through this analysis, it addresses the theoretical challenges and implications of tax policies in a globalized economic environment.

Focusing on the interconnectedness of the global economy, the book delves into empirical evidence to reveal how various mechanisms of interdependence operate. It examines economic processes, structures, and the institutional frameworks that shape them, while addressing the impact of shocks and disturbances on the world as a cohesive entity. Through this exploration, the author provides insights into the complexities of economic interactions on a global scale.

The book provides an in-depth analysis of Germany's economy, the largest in the EU, focusing on its significant weaknesses such as low GDP growth, high unemployment, and an unsustainable social security system. The author, a prominent economist, outlines necessary reforms while examining various aspects including fiscal policy, product market regulation, and immigration policies. Additionally, it explores Germany's role in the EU and euro zone, offering a comprehensive perspective that goes beyond recent discussions on the topic.

Looking at the world as a single entity, the key issues to have affected the world trade system since the turn of the millennium are considered.

 Globalization deeply affects economic structures and raises the issue of how governments should respond to the new challenges. In this book, various ways of improving the institutional setup for global governance are discussed by renowned experts. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems. The advantages of free international trade as well as the fear of anti-globalizationers are considered in the contributions.