Bücher von Paul J. J. Welfens

This book presents a cutting-edge analysis of the economic effects and challenges of Russiäs invasion of Ukraine, with a special focus on EU sanctions on Russian energy and Ukraine¿s political relationship with the European Union in a global context. Welfens outlines key macroeconomic perspectives on the ongoing conflict between Russia and Ukraine, highlighting in particular how sanctions posed by the international community will have a wider economic impact than what has so far been envisaged. The book discusses the effects of Russian gas supply boycotts against Western countries as well as global effects of an EU energy import boycott on Russia, especially for China and the Asian continent. An innovative proposal to cut electricity prices is presented. It also explores the challenges to relations between the EU, China and Russia caused by the invasion, the effects of the unfolding refugee crisis (within a post-Brexit EU), military and humanitarian aid pledges to Ukraine, and the risks of reduced multilateralism within the world economy as a direct result of the war. The book also analyses the risks and benefits of potential enlargement of the EU to integrate Ukraine as a member state. The topics covered by the book are all set within a long-run view of diplomatic and economic relations between the West, Russia and Ukraine.The factors analysed here provide a new, broader picture of the international effects of the conflict, as well as its potential implications for policy design as we enter a new global order marked by the Russo-Ukrainian war. The book will be of interest to researchers and policy-makers working in international economics, new political economy, European politics and integration, and macroeconomics more broadly.

This book considers climate change from an economic and international policy perspective. It argues that an emissions trading systems (ETS) should first be adopted in all G20 countries with those national ETS then integrated into a global ETS. The topic of global warming is at the forefront of international discussions, especially given recent environmental policy changes in the US under Presidents Trump and Biden and the emergence of the Fridays For Future movement.Combatting climate change does not necessitate a trade-off between economic growth and climate policy provided that the latter is consistently linked to new economic policy. Policymakers should support innovation, effective redistribution policies and modern mobility concepts. Moreover, there are crucial links between financial market dynamics and price dynamics in ETS. If measures discussed here are coordinated effectively in the EU/G20, and at the global level, then climate neutrality could be achieved.

Diese Studie beleuchtet und analysiert die aktuellen Perspektiven der Weltwirtschaft vor dem Hintergrund des Russland-Ukraine-Krieges. Mit dem Angriffskrieg Russlands am 24. Februar 2022 ergibt sich eine Zeitenwende. Gegen Russland haben viele Lander umfassende Sanktionen verhangt, nicht immer durchdacht. Groe Fluchtlingsbewegungen und zugleich starke Energiepreis- und Weizenpreis-Erhohungen sowie hoher Inflationsdruck ergeben sich weltweit. Von Seiten einiger Okonomen ist ein deutsches und EU-seitiges Gas-Importembargo gegenuber Russland vorgeschlagen worden - bei uberschaubaren okonomischen Effekten. Diese Sicht ist zweifelhaft, zumal mit Gegenmanahmen Russlands bei einem Boykott von Energieexporten zu rechnen ist. Bei der Russland-Analyse des Westens gibt es kritische Punkte; Putins neue Ideologie war seit 2016 erkennbar. Die Weltwirtschaft durfte vor einem Zerfall in regionale Handelsblocke stehen und die Wirkungsmacht wichtiger internationaler Organisationen ist gemindert: zum Nachteil von Wachstum, Innovation und Stabilitatsverankerung. Eine EU-Ukraine-Erweiterung ist als kritische Herausforderung zu sehen.

This book presents a cutting-edge analysis of the economic effects and challenges of Russiäs invasion of Ukraine, with a special focus on EU sanctions on Russian energy and Ukraine¿s political relationship with the European Union in a global context. Welfens outlines key macroeconomic perspectives on the ongoing conflict between Russia and Ukraine, highlighting in particular how sanctions posed by the international community will have a wider economic impact than what has so far been envisaged. The book discusses the effects of Russian gas supply boycotts against Western countries as well as global effects of an EU energy import boycott on Russia, especially for China and the Asian continent. An innovative proposal to cut electricity prices is presented. It also explores the challenges to relations between the EU, China and Russia caused by the invasion, the effects of the unfolding refugee crisis (within a post-Brexit EU), military and humanitarian aid pledges to Ukraine, and the risks of reduced multilateralism within the world economy as a direct result of the war. The book also analyses the risks and benefits of potential enlargement of the EU to integrate Ukraine as a member state. The topics covered by the book are all set within a long-run view of diplomatic and economic relations between the West, Russia and Ukraine.The factors analysed here provide a new, broader picture of the international effects of the conflict, as well as its potential implications for policy design as we enter a new global order marked by the Russo-Ukrainian war. The book will be of interest to researchers and policy-makers working in international economics, new political economy, European politics and integration, and macroeconomics more broadly.

This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe.

This study develops a new indicator for national and global sustainability. Correlation analysis of the new sustainability indicator with the human development index indicates complementarity, so that a new hybrid superindicator can be constructed. Sustainability rhetoric dominates environmental policy.

This book analyzes the links between social security expenditures and economic globalization. It explores the role of a changing age dependency and derives implications for the stock market price index, the exchange rate and the interest rate.

High unemployment rates in the period of an internationalization of economies and an intensified technological competition are the main problems that exist in most EU countries.

Economic progress in the digital knowledge society will be characterized by enormous structural change and the growth of digital services. It highlights technological and regulatory dynamics with respect to EU countries and the US and presents new policy conclusions at both the national and international levels, including welfare analysis.

Socialist economies in Eastern Europe have collapsed and em-barked upon market-oriented reforms. Difficultchoices await decison-makers in economic policy and thebusiness community in Eastern Europe and in leading marketeconomies.

In the new global economy, more countries have opened up to international competition and rapid capital flows. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

Global warming is a serious threat to the stability of world climate and to economic prosperity in some regions. The volume presents innovative model simulations and analyzes, in the context of the model, the benefits of a modified tax reform, based on a Schumpeterian approach.

There are also new theoretical challenges where a "structural macro model" and a Schumpetrian model of innovation and full employment are presented as new approaches. Besides theoretical challenges the increasing global dynamics raise new problems of international policy coordination which could lead to unsustainable economic globalization.

Deregulation, privatization and internationalization of the telecommunications industry has brought about enormous changes within both the European and world economy. The changing patterns of innovation in the digital economy have forced governments to consider new strategies to promote innovation, network effects and growth.

The complex challenge of economic recovery and reconstruction in the Balkans is looked at in this book. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.