Medieval Soldier. 15th Century by Gary Embleton, Gerry Embleton, John Houe

By Gary Embleton, Gerry Embleton, John Houe

In a stunning sequence of a few 270 especially posed photos, the authors recreate the battling males of the excessive heart a while set of their fifteenth century surroundings. Noblemen and armoured knights, officials and halbardiers, artillery and handgunners, archers and crossbowmen, women and camp-followers are put in real looking outside settings and old interiors in Britain and continental Europe.

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In the new Europe the political East-West division no longer exists, but there is a deep economic divide along the German-Polish border. The economic division within Europe is accentuated by the growth effects of the creation of the single EC market and the dramatic systemic transformation in Eastern Europe. In the beginning of the opening up process Eastern Europe faces a depreciation of its industrial assets plus high transitory adjustment costs and hence a drop in real incomes. The long term growth potential of the East European economies and the USSR have, however, improved with the envisaged switch to market-based systems.

Internationalization of Production, Investment and European Integration 37 In 1990 GATT ruled against EC antidumping duties imposed on Japanese products assembled in the EC - in particular the EC could not impose duties if the products did not meet certain local content requirements. Consistency with GATT rules requires the EC to prove that EC producers have been harmed by dumping which is particularly difficult if import market shares fall, say because of an increasing market share of transplants.

8 The foreign share of assets in manufacturing industry in the G-S countries in Table 3 is between 9 and 19 percent, except for Japan where it is only 1 percent which partly explains the low patent import penetration rate in Japan. The relative stock inward-outward FDI figures also clearly indicate that Japan is an exception among major DEeD countries, and this disequilibrium has grown in the 1980s and will continue to do so in the 1990s. Technology flows as expressed in expenditures and payments for licenses, patents and royalties follow much the same regional distribution as FDI stocks because expenditures and payments mainly concern parent companies and subsidiaries (see Table 4).

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