The effects of the latest period of Euro appreciation from 2006 to 2007 on the German economy, especially on exports, are cushioned, in the short run, by the regional pattern of foreign buyers, invoicing practices and hedging activities, enterprises' favorable cost development and their currently comfortable profit situation. In the longer run, volume effects (competition effects) may be expected to occur owing to the incomplete pricing-to-market of exporters and importers. Purchasing power effects on real incomes must also be taken into account. Although these two effects have, in some years, had a rather powerful impact on real income growth, their overall impact was virtually neutral on average over the 1993-2007 observation period. [PUB ABSTRACT]
Nations are facing a global jobs crisis. Unemployment is rising rapidly, and is expected to reach 230 million people worldwide this year. They may be headed for a vast prolonged and severe jobs crisis. Just as policy-markets have taken and swift action to respond to the financial and economic downturn, similar bold action is required to address the jobs crisis. First, jobs and social protection must become the bedrock of crisis responses. Second, the response must be coordinated and global. All countries must join in making employment and social protection a centerpiece of their crisis responses. Third, there was a crisis before this crisis and they cannot just aim to go back to business as usual. In restoring confidence, they must focus on building peoples trust in progress towards a n...
... contract significantly in 2009; commodity prices, oil and gas, metals, and even beverages have fall...
... comparable with daytime retail electricity prices in many sunny parts of the world--even without sub...
...significant falls in prices for most commodities and much market. comment arou...
... Climate Change Summit and with oil prices likely to increase, they believe alternative energ...
...In Colombia - Indicative Prices and Restrictions on Ports of Entry (DS366) war das...
Given the sharp rise in crude oil prices and growing awareness of climate change, the potential of biofuels, particularly of bioethanol, has become an ubiquitous topic of public debate and has induced ambitious policy initiatives. The latter are mostly paired with protectionist measures as the examples of the European Union and the United States show, where domestic producers of energy crops are put at an advantage thanks to subsidisation, direct payments and/or favourable tax schemes. Moreover, the EU is working out a mandatory certification scheme for ethanol imports, imposing social and environmental standards which constitute another hurdle for more efficiently produced ethanol originating in the Southern hemisphere. A similar path is taken by Switzerland's revised mineral oil tax l...
Russia's accession to the WTO next year will set the stage for a more active dialogue with the EU on deeper integration and trade liberalisation. In this respect the formation of a FTA with the EU is a necessary, but not a sufficient condition for engaging Russia into an active dialogue on a broad range of political and economic issues. Other modalities of trade liberalisation, including regional cooperation and greater openness to investment would also need to be addressed. The delays in drawing up a new comprehensive framework of EU-Russia cooperation come at a time when the need for a renewed framework is greater than ever, which calls for the speedy launching of talks on the creation of a new comprehensive PCA in the near future.
... clear signal to the "near abroad" that gas prices charged by Russia are set to increase significantl...
...At the very least, it would push up prices and require a rushed programme of expensive, pollu...
Consumer interest in cleaner and greener auto technology is exploding, even in the United States. From fuel cells to plugin hybrids, the industry is showing more research and development zeal than at any time since the golden days of 1900, when gasoline, steam and electric vehicles (ev's) competed in the marketplace. This spring's car salon in Geneva, Switzerland was greener than ever, and one manufacturer dominated the headlines for its BioPower engines: Saab Cars of Sweden. These days wholly owned by gm, Saab introduced yet another BioPower model - the 9-3 production car - now available with a flex-fuel engine which runs on regular gas or gas with an 85% ethanol content. But the star and talk of the show, the car that became the favorite image for major European news media was the Saa...
...With seesawing gasoline prices and uncertainty about the future of oil, consumers...
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