Books by Paul J.J. Welfens

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.

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.

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.

While some of the (early) Visegrad countries apparently were rather successful in their transition attempt, systemic transition approaches in other countries - Romania and Bulgaria - and, above all, in Russia largely were a failure.

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.

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.