European industrial policy
Michael Hüther for Project Syndicate

Are National Champions Really Winners? Arrow

Which type of industrial policy should European countries adopt, asks Michael Hüther, Director of the Cologne Institute for Economic Research (IW), in his article for Project Syndicate. more

Energy market
Energy market

Germany benefits from oil imports Arrow

Increasing energy imports are often understood as a threat to the security of energy supply and an economic disadvantage. But both conclusions are simplified, as is the demand for a more self-sufficient energy supply. Actually, the security of energy supply depends on open and integrated markets. Moreover, Germany benefits from the income of oil countries. more

Beyond chlorinated chicken
TTIP

Beyond chlorinated chicken Arrow

The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the USA has provoked much criticism and become an object of considerable suspicion. Yet a new study by the Cologne Institute for Economic Research (IW) emphasizes that, especially for Germany, the partnership would have significantly more benefits than drawbacks. Moreover, applied correctly, TTIP could have a positive effect on the future of world trade. more

Cultural Diversity
Cultural Diversity

How to manage cultural diversity? Arrow

Over 16.3 million people with a migration background coming from 190 countries worldwide are currently living in Germany. In 2013, immigration to Germany reached its momentary peak with net migration of around 428,600 people (balance of immigration and emigration) according to the Federal Statistical Office of Germany. However, cultural diversity is not only a reality in our society but an important pillar of the labour market. more

Generation Y
Generation Y

Same, same but different? Arrow

Generation Y does not differ as much from older generations as media coverage often suggests. Rather, underlying societal trends play a critical role in explaining differences between the generations in the labour market. more

United Kingdom
United Kingdom

No man is an island Arrow

The signs are clear: In the event of an electoral victory, Prime Minister Cameron’s government plans to begin renegotiating the United Kingdom’s relationship with the European Union in 2015 and to hold a referendum in 2017. The possibility that the UK may leave the EU can no longer be ruled out. more

Income
Income

Biased inequality perceptions Arrow

Whereas US-Americans are not very concerned about their large income inequalities, Germans view considerably smaller differences much more critically. This is not surprising given that Europeans tend to be considerably more pessimistic about how equal their societies actually are. more