(Hardback)

An examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. It demonstrates that the rules result from a trial-and-error process - and usually after a crisis - in order to prevent pointless transaction costs and risks.

(Paperback)

(Paperback)

In this book, one of Germany's most influential economists describes his country's economy, the largest in the European Union and the third largest in the world, and analyzes its weaknesses: poor GDP growth performance, high unemployment due to a malfunctioning labor market, and an unsustainable social security system. Horst Siebert spells out the