Recklessness or rectitude?
Article Abstract:
Economic relations are strained between the US and West Germany. The US seeks assistance in confronting economic problems such as in managing budget and current account deficits, and suggests that Germany should assume a larger role in the international economic arena. Germany has also been urged to pursue a more expansionary domestic policy. German macroeconomic policy is characterized as appropriate, but its fiscal policy is alleged to be flawed. It is suggested that subsidies to ailing industrial sectors in Germany should be smaller, that social transfers should be reduced, and that taxes are too high. It is also proposed that the 'real transfer' problem of debtor nations like the US can only be solved if Japanese and West German markets are further opened. A German move to cut back declining industries might enhance its international economic credibility.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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Facing the perils of fragmentation
Article Abstract:
As the European Community moves toward an 'internal' market, the car component supplier industry is headed for big changes. Four thousand companies supply car components to car manufacturers across Europe, an expanding $70 billion business. The industry is fragmented, however, and cannot compete with well-financed, high-volume competitors. European companies also are five to six years behind US and Japanese companies in technological developments. A unified European market will reduce the current 10% European cost disadvantage. To become part of the global market, the car component industry must create common trade policy and business regulations. Additional measures such as common economic policies, common retail sales conditions, and common vehicle registration policies will also help.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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Over the horizon: a European central bank: closer cooperation is happening in currencies, but surrendering sovereignty is still taboo
Article Abstract:
The prospects for a European central bank are influenced by domestic and international politics and monetary policies among key players such as West Germany and France. Those who favor monetary and economic union in Europe argue for a common European Community (EC) currency, and the approach of a 'single market' in 1992 increases the importance of a single currency in their view. The nine-year-old European Monetary System has been more successful than anticipated, but the roles and policies of central banks among EC members continue to vary widely. The European Currency Unit is still not widely accepted by private individuals, and slows the prospects for a goal of common currency.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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