In the global financial crisis, competitiveness gaps between Euro area countries caused additional strain. This book discusses the various dimensions of competitiveness, with a special focus on Central, Eastern and Southeastern Europe. With products becoming ever more technically sophisticated and global interconnectedness on a relentless rise, quality, customer orientation and participation in production networks are as important as relative costs and prices. For Europe to proceed with convergence and to resist global competitive pressures, policies to boost productivity and innovation are therefore vital.
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The Role of CESEE Countries
Edited by Marek Belka, Ewald Nowotny, Pawel Samecki and Doris Ritzberger-Grünwald
Please note this updated and revised Research Review is only available online. The link to Buy Book in Print and Find This Book in Your Library is to a previous edition available in print. The previous print edition reprints the full text of many, though not all, of the Recommended Articles and complements the online edition. Professor Parkin’s new essay provides a comprehensive and up-to-date description of the historical inflation record, surveys the current state of knowledge on the forces that cause inflation and the mechanisms that propagate it, and examines the costs of inflation and the challenge of achieving price stability. The review is an invaluable overview and commentary on both the literature selected in 1993 and the literature through to 2015. It ends by identifying some unanswered questions.