News Archive

What influences do several cultural values, attitudes, and the like, on economic performance? In this article, Edmund S. Phelps shows a weak correlation between continental countries’ relative endowment of some cultural attributes and the relative performance of their national economies. However, not all of the cultural attributes hypothesized to be important were found to matter for performance. And not all continental countries were under-endowed in some of the cultural attributes that mattered a lot.

Measures to promote technological sovereignty vary greatly from country to country and range from the promotion of R&D activities to subsidies for the construction of industrial plants. Systematic forecasting of technology trends would enable policy makers to deal with new technologies at an early stage and adapt policies and institutions.

Over the past decade, crises have shaped public perceptions of the EU. Despite the rise of EU-critical parties, the EU and its institutions still enjoy higher levels of trust than national governments.

Europe has lost its competitiveness. Which place will it take in a new world order? Climate protection and the digital transformation will also influence the next era of prosperity. The EU and its member states now want to build a robust, secure, resilient, and sustainable economy. Meanwhile, the US, China, and some emerging economies have overtaken the EU in many international rankings. 

One reason why the European asylum system is overloaded is the lack of opportunities to enter the EU legally. Especially for low-skilled people, the chances of obtaining work visas in Europe are vanishingly small. Here is what the EU and Germany could do about it.