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Archive for 24. Dezember 2017

Österreich: Kurz verlangt völlig neue EU-Flüchtlingspolitik

Posted by hkarner - 24. Dezember 2017

Österreichs neuer Kanzler Sebastian Kurz schlägt sich im EU-Flüchtlingsstreit auf die Seite von Ungarn und Polen. „Die Mitgliedstaaten sollten selbst entscheiden, ob und wie viele Menschen sie aufnehmen.“


 Österreichs neuer Bundeskanzler Sebastian Kurz fordert einen Kurswechsel in der europäischen Flüchtlingspolitik: Die Verteilung von Migranten in der EU nach festen Quoten sei ein Irrweg. „Staaten zur Aufnahme von Flüchtlingen zu zwingen, bringt Europa nicht weiter“, sagte der 31-jährige konservative Politiker der „Bild am Sonntag“.

„Wenn wir diesen Weg fortsetzen, spalten wir die Europäische Union nur noch weiter“, sagte Kurz. Die Mitgliedstaaten sollten selbst entscheiden, ob und wie viele Menschen sie aufnehmen.

Im September 2015 hatten die EU-Innenminister erstmals gegen den Widerstand osteuropäischer Staaten beschlossen, 120.000 Asylbewerber nach einer Quotenregelung innerhalb der EU zu verteilen. Die Folge war ein Riss quer durch die Union. Den Rest des Beitrags lesen »

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What the West Gets Wrong About China’s Economy

Posted by hkarner - 24. Dezember 2017

Date: 22-12-2017
Source: Foreign Affairs By Yukon Huang

Debt, Trade, and Corruption

Few countries command as much attention as China. That is not surprising. Its remarkable economic rise is shaking the world’s geopolitical balance even as it raises questions about the universality of market-led capitalism and democratic norms. In turn, China has become a lightning rod for all manner of anxiety. The White House has blamed China for the United States’ huge trade deficits, for example, even though there is no direct causal relationship between such deficits and China’s surpluses. In fact, there are several things about China that U.S. analysts get wrong.

It isn’t hard to understand why. For the general public, there are difficulties in drawing appropriate conclusions about a country that is so big and regionally diverse in the distribution of its natural resources and commercial activities. And sentiments are almost always clouded by differences in ideology, values, and culture.

For scholars, meanwhile, conflicting views stem from the lack of an agreed framework for analyzing China’s economy. Decades ago, in the heyday of the Soviet Union, universities taught courses on centrally planned or “transitional” economies as an academic discipline. With the demise of the former Soviet Union, this body of analysis faded away. Today, China is studied as a developing economy, yet it is not one. The close links between its financial, fiscal, trade, and social welfare systems make it a different animal entirely. Den Rest des Beitrags lesen »

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The World Economy in 2018

Posted by hkarner - 24. Dezember 2017

Michael J. Boskin is Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution. He was Chairman of George H. W. Bush’s Council of Economic Advisers from 1989 to 1993, and headed the so-called Boskin Commission, a congressional advisory body that highlighted errors in official US inflation estimates.

In the tenth year since the start of the global financial crisis, the US economy reached a new high-water mark, and the global economy exceeded expectations. But whether these positive trends continue in 2018 will depend on a variety of factors, from fiscal and monetary policymaking to domestic politics and regional stability.

STANFORD – All major macroeconomic indicators – growth, unemployment, and inflation – suggest that 2017 will be the American economy’s best year in a decade. And the global economy is enjoying broad, synchronized growth beyond what anyone expected. The question now is whether this strong performance will continue in 2018.

The answer, of course, will depend on monetary, fiscal, trade, and related policies in the United States and around the world. And yet it is hard to predict what policy proposals will emerge in 2018. There are relatively new heads of state in the US, France, and the United Kingdom; German leaders still have not formed a governing coalition since the general election in September; and the US Federal Reserve has a new chair awaiting confirmation. Moreover, major changes in important developing economies such as Argentina, Saudi Arabia, and Brazil have made the future outlook even murkier. Den Rest des Beitrags lesen »

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