The chairs of Macroeconomics and International Economics established the Center for East Asia Macro-economic Studies at University of Hagen.
The objective of the new center is to initiate research projects on East Asia. Indeed, in recent years the commercial and the economic relationships with East Asia, especially with China, have gained importance for the European economy. Exports into the growing markets of East Asia represent a driving force of the Western economies. Moreover, they are crucial for their effects both on the German labour market and on the Single European Labour Market. Hence, the economic rise of China calls for a deep understanding of the functioning of the East Asian markets in order to identify the trade opportunities and challenges for the (EU/ German/ Chinese) labour market and for economic growth.