Globalization of the Economy, Unemployment and Innovation

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The book explores the impact of economic globalization since the 1980s, highlighting the growing international interdependence and technology race. It contrasts the EU's rigid innovation policies, particularly in Germany, with the more adaptive US system that capitalizes on foreign direct investment. The author introduces new theoretical frameworks, including a "structural macro model" and a Schumpetrian model, to address these challenges. Additionally, it examines the complexities of international policy coordination amidst escalating global dynamics, warning of potential unsustainable economic globalization.