By Richard A. Falk, Tamas Szentes
During this new publication, a bunch of unusual students from a variety of disciplines and geographical backgrounds think about the centrality of the new ecu event to the worldwide group this day. They examine the recent Europe that's rising within the wake of the dramatic geopolitical alterations that happened at the continent on the finish of the 1980s.The individuals search to open a number of views, together with these of tradition and background, on contemporary quickly altering eu scene. They research intimately the method of transition and inner realities confronting post-communist governments in jap and imperative Europe. Their provocative essays additionally examine the function of Europe within the new worldwide economic climate, the recent local alignments which are rising, and different key questions on the continent within the rising global order.
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Extra info for A New Europe in the Changing Global System
The drive for technological change in the export sector is not only essential to permit rising money (and real) wages without endangering export prices. It is also essential if markups in export production and hence profits and ultimately capitalist ''animal spirits" and investment are to be maintained. In the end the money wage rise will be translated into a rise in real wages provided that prices of wage goods do not rise too much. These dynamic considerations are just as important as and arguably more important in sustaining export-oriented industrialization than any process of liberalization to "get prices right" in the short and medium term.
With its internal structure strengthened, this new, integrated Europe will certainly be more able to locate its new place and clarify its new role in the emergent global system taking shape in the aftermath of the Cold War. Â < previous page < previous page page_15 page_150 next page > next page > Page 150 the past two decades. This, in its turn, provoked profound changes in the criteria and instruments involved in such policy. While the "classical" S&T policy was mainly concerned with issues related to scientific training, higher education and R&D, modern innovation policies deal with a much wider range of issues and subjects, being concerned with everything from industry through the banking system, and extending to such additional domains as vocational training, S&T literacy and managerial and entrepreneurial awareness.
Hong Kong, which has probably achieved less diversification in the product structure of its exports, has been less impressive. In recent years, notably in the eighties, Malaysian manufacturing exports have grown remarkably rapidly; between 1969 and 1987, export volume expanded by a factor of 10. Figure 2 shows how South Korea's manufactured export growth has been associated with a high rate of increase in real wages accompanied by an equivalent rate of productivity growth. 2 The result has been sustained competitiveness along with nearly constant factor shares in value-added.