Foreign direct investment has been disappointingly low in eastern Europe, which has been reluctant to make existing assets available to foreign investors. To mitigate any such resentment, we propose a participation model in which foreign investors compete for joint venture contracts. Host...

While the old systems competition took place within closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

Richard Musgrave was one of 200 academic economists who emigrated from Germany when Fascism came to dominate the country. This memorial lecture traces the German and European roots of Richard Musgrave’s oeuvre, trying to shed light on his family background as well as on the political and...

The eastern enlargement of the EU resembles German unification in its momentousness. Whereas the latter led to a 26\% increase in the population of the Federal Republic, the former will increase the population of the EU by 28\% if all ten entry aspirants are accepted. A special problem will be...