Deindustrialization, Public Debts and Euro Crisis
Engin Sorhun ()
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Engin Sorhun: Istanbul 29 Mayis University
A chapter in Global Financial Crisis and Its Ramifications on Capital Markets, 2017, pp 53-65 from Springer
Abstract:
Abstract The 2008 Global Crisis and the Euro Crisis sparked a long standing debate: the impacts of the relocation of western companies (expat-firms), together with deindustrialization process, towards developing countries on the western economies. However the mentioned trend is recently discussed on the ground of the EU public debt burden and the Euro. The specific problematic is whether the relocation of firms is one of the main reasons for the deteriorated public finance and fiscal discipline of the EU countries. This is analytically evaluated under four eventual scenarios in the framework of the Euro Crisis.
Keywords: Welfare State; Western Company; Public Debt; Budget Deficit; State Capitalism (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-47021-4_5
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DOI: 10.1007/978-3-319-47021-4_5
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