German lesson for euro launch

Article Abstract:

The linking of the East and West German marks in 1990 may provide some valuable lessons in the run-up to European monetary union (EMU). The German currency union was a complete failure, with unemployment in the East remaining very high. The German experience indicates that it is vital to get the conversion rates right. Failure to do this will produce a lengthy and difficult adjustment process. Furthermore, consideration must be given to the fact that a single currency makes differences in performance much clearer.

Planning, European Monetary System

---

Even governments will have to compete in the global economy

Article Abstract:

The limits of national governments within the increasingly global economy are becoming more apparent. This trend has been highlighted by UK Prime Minister Tony Blair, who has spoken of the need for government to come to terms with very wide-reaching economic change. It is possible to argue that government will now move from being a domestic organization to being an international one, striving to operate worldwide. In the future, successful governments will be those able to trade effectively in ideas. They will export good ideas about governance and import ideas from other countries.

Analysis, International aspects, Political science, International economic integration, Economic integration

---

Similar abstracts:

• Abstracts: Government admits borrowing will have to rise to fund spending plans. 'Has Whitehall simply forgotten how to spend?'
• Abstracts: Success of WTO talks in Doha 'is vital for global economy.'. City views Treasury forecasts as too optimistic
• Abstracts: 'Easing' of Iraqi sanctions will make little difference, says UN. Anger mixes with grief on the US's day of remembrance
• Abstracts: Heathrow, we have a problem: can Bob Ayling put the wheels back on British Airways? Grounded?
• Abstracts: So much talk, but there is only one debate that matters now. How to make myths and legends

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.