European Competitiveness: Learning from De Grauwe Policy Cycles
Abraham, Filip
Abraham, Filip
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Publication Type
Journal article
Editor
Supervisor
Publication Year
2011
Journal
Review of Business and Economics
Book
Publication Volume
LVI
Publication Issue
Oct-Dec
Publication Begin page
382
Publication End page
393
Publication Number of pages
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Abstract
This paper defines the concept of De Grauwe policy cycle where an original idea on international competitiveness is first rejected or ignored, subsequently gradually accepted and finally becomes conventional wisdom. This policy cycle is first applied to De Grauwe's well-known research on European Monetary Union and the euro. Subsequently, De Grauwe's views on wage policies as a strategy of strengthening the international competitive position of small open European economies are discussed.
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Keywords
Strategy, International Business