Deindustrialization, Public Debts and Euro Crisis


Sorhun E.

GLOBAL FINANCIAL CRISIS AND ITS RAMIFICATIONS ON CAPITAL MARKETS: OPPORTUNITIES AND THREATS IN VOLATILE ECONOMIC CONDITIONS, pp.53-65, 2017 (Journal Indexed in SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume:
  • Publication Date: 2017
  • Doi Number: 10.1007/978-3-319-47021-4_5
  • Title of Journal : GLOBAL FINANCIAL CRISIS AND ITS RAMIFICATIONS ON CAPITAL MARKETS: OPPORTUNITIES AND THREATS IN VOLATILE ECONOMIC CONDITIONS
  • Page Numbers: pp.53-65

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.