Titlebook: Rising Powers and Economic Crisis in the Euro Area; Ferdi De Ville,Mattias Vermeiren Book 2016 The Editor(s) (if applicable) and The Autho

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,CMEs: Profiting from the BICs’ Industrialization,s. Indirectly, they have managed to relatively escape the negative effects of the appreciation of the euro as a consequence of monetary policies of emerging markets. Directly, their production has confronted relatively limited export competition from and high import demand by the BICs. After the cri

Institution

骇人

Conclusions,namics. Our policy relevant conclusions are that the export-led growth strategy based on cost-cutting in the southern member states through internal devaluation is destined to fail. It will not solve the problem that these countries are ‘stuck in the middle’: too costly to compete on price with emer

蜿蜒而流

Book 2016nd China (BICs) in the global monetary and trading system.  Drawing on the insights of the comparative capitalism literature, the authors show that the latter development has been a key source of the escalation of trade imbalances in the euro area, which are widely seen as an important cause of the

Countermand

Introduction,tified to attain them? Are the right lessons drawn from the German example? This introduction lays out this problématique and introduces the main arguments, theoretical framework and research design of the book.

羞辱

Introduction,its labor market reforms of the past decade in particular, especially the crisis-ridden member states in the south are instructed to improve their cost competitiveness in order to accumulate export surpluses with which to repay their debt. Emerging economies as the global growth engines of the comin

CARK

Enliven

The Euro Area and the Rise of the BICs: An Asymmetric Shock,ina to the World Trade Organization symbolized the rise of Brazil, India and China (BICs). This chapter discusses how this transformation of the global economy interacted with the adoption of the single currency and what the consequences have been for the extra-regional trade balances of the euro ar

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