Economic Policy, Income Convergence and Structural Change in the EU Periphery

2002 ◽  
pp. 185-206 ◽  
Author(s):  
Frank Barry
Keyword(s):  
Economic Policy ◽  
Structural Change ◽  
Income Convergence ◽  
The Eu

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

Conference Reports

2005 ◽  
Vol 55 (2) ◽  
pp. 223-234
Author(s):  
Edin Mujagic ◽  
Dóra Győrffy ◽  
László Jankovics
Keyword(s):  
Economic Policy ◽  
European Association ◽  
Policy Research ◽  
Conference Report ◽  
Annual Conference ◽  
Summer Institute ◽  
The West ◽  
The Future ◽  
Economic Studies ◽  
The Eu

EMU Enlargement to the East and the West CEPR/ESI Conference. Report of the 8th annual conference of the Centre for Economic Policy Research (CEPR) and the European Summer Institute (ESI) held in September 2004 in Budapest, Hungary. (Conference report by Edin Mujagic); Dilemmas around the future enlargement of the EU-EACES Conference. The European Association for Comparative Economic Studies (EACES) held its 8th biannual conference at the Faculty of Economics in Belgrade on September 23-25, 2004. (Conference report by Dóra Gyõrffy and László Jankovics)

Assessment of Poland's Economic Policy During te Crisis

2013 ◽  
Vol 8 (3) ◽  
pp. 195-210
Author(s):  
Stefan Krajewski
Keyword(s):  
Economic Policy ◽  
Pension System ◽  
Fiscal Sustainability ◽  
Economic Policies ◽  
Role Of The State ◽  
The Usa ◽  
Reducing Costs ◽  
Polish Economy ◽  
Favorable Conditions ◽  
The Eu

The rapid weakening of economic activity, covering most states in the world, gives rise to a lively discussion on the choice of methods to tackle the crisis, the legitimacy and effectiveness of various economic policies, the role of the state and the scope of its intervention in the economy. The paper evaluates the Polish economic policy in recent years. This refers to the situation prevailing in the EU and the USA. I conclude that the Polish economy during the crisis remained relatively stable, without having to provide the emergency aid from the outside. The development of such a situation has been affected by different reasons, including: - The benefits of the so-called "backwardness rent", which resulted, among others, in the inflow of EU funds (Poland was in 2007-2013 and in will be in 2014-2020 the biggest beneficiary of the EU budget); - The effects of decisions on changes in the tax and social security, taken for political reasons (before the crisis); - The controversial withdrawal from the funded pension system, reducing the budget deficit and public debt; - The prudent monetary policy and anti-inflation policy pursued over many years. Actions taken in Poland are primarily focused on reducing costs, which differs quite significantly from the economic policy dominant in the U.S. and the "old" EU countries which generally pursue expansionary fiscal policy and a policy of cheap money. Polish solution facilitates the achievement of short-term fiscal sustainability, but does not create favorable conditions for the development in the long-term (insufficient investment, petrification of economic structure, lack of innovation). 

Income convergence in Europe: Catching up or falling behind?

2012 ◽  
Vol 62 (2) ◽  
pp. 183-204 ◽  
Author(s):  
Megan Czasonis ◽  
Michael Quinn
Keyword(s):  
European Countries ◽  
Eastern European ◽  
The European Union ◽  
Income Convergence ◽  
Euro Zone ◽  
Long Run ◽  
Time Period ◽  
Eastern European Countries ◽  
Time Frames ◽  
The Eu

One of the motivations for a country to join the European Union is the belief that this will boost short- and long-run incomes. Researchers have tested the hypothesis of income convergence in different settings using either regression or unit root analysis, with mixed results. In this paper, we use both methods on the same samples over a significant time period. This allows us to judge differences in results across varied time-frames and methodologies. The focus of these tests is on convergence to German and EMU average incomes by Eastern European countries and those within the Euro-zone from 1971–2007. The evidence for convergence is mixed. Among the Euro-zone countries, there is more evidence of convergence in the 1970s and 1980s than recently. There is significant evidence that Eastern Europe experienced convergence and that capital formation was one of the root causes. While the results do not support the hypothesis that joining the EU increases convergence, reforms undertaken in the 1990s by Eastern European countries in preparation for joining may have helped them to “catch up”, even if the act of joining the EU did not directly impact convergence.

FINANCIAL SUPPORT (NOT TAX) OF THE ECONOMY IN THE EU COUNTRIES DUE TO THE PANDEMIC

2021 ◽  
Vol 3 (11) ◽  
pp. 251-257
Author(s):  
Anzhelika L. Gendon ◽  
◽  
Galina F. Golubeva ◽  
Keyword(s):  
European Union ◽  
Economic Policy ◽  
Labor Market ◽  
Financial Support ◽  
The European Union ◽  
Eu Countries ◽  
Euro Pean ◽  
Political Decisions ◽  
Positive Factor ◽  
The Eu

The article examines the financial support (not tax) of the economy in the EU countries due to the pandemic. A comprehensive vision of the situation and strategic planning are the foundation of the Euro-pean Union's economic policy. These qualities help to develop comprehensive measures to stabilize the labor market and entrepreneurship in the countries of the European Union in the context of a global emergency. A positive factor is also the fact that in an epidemic situation, political decisions of various states are aimed at introducing socially oriented measures that support their citizens.

The World. Challenges of the Global Crisis. Germany

2014 ◽  
pp. 38-52
Author(s):  
I. Semenenko ◽  
G. Irishin
Keyword(s):  
Economic Policy ◽  
Political Parties ◽  
Social Market Economy ◽  
The Political ◽  
Leadership Positions ◽  
Economy Model ◽  
Political Landscape ◽  
The World ◽  
Social Market ◽  
The Eu

The economic crisis of 2008–2009 highlighted new problems in the development of the German social market economy model and brought to the forefront the factors of its resilience that have ensured Germany’s leadership positions in the EU. Changes in economic policy have affected in the first place the energy and the financial sectors. Shifts in the political landscape have led to the appearance of new political parties. These changes have affected the results of the 2013 elections, the liberal democrats failure to enter the Bundestag has made the winner – CDU – seek new coalition partners.

scholarly journals NATIONAL RECOVERY AND RESILIENCE PLAN EUROPEAN FUNDS MULTIPLIER ROLE AND POSSIBILITIES OF MINISTRY OF NATIONAL DEFENCE INVOLVEMENT IN THE PROCESS

2021 ◽  
Vol 17 (1) ◽  
pp. 320-325
Author(s):  
Dumitru NICA ◽  
Carmen-Gabriela NIȚU ( CHITAFES)
Keyword(s):  
Economic Policy ◽  
Education Research ◽  
Financial Support ◽  
International Level ◽  
Eu Member States ◽  
Public Investments ◽  
Direct Support ◽  
Defence Sector ◽  
National Defence ◽  
The Eu

This paper aims at expressing the manner in which the Ministry of National Defence (MoND) can benefit from direct support, efficient and significant financial support for the implementation of sustainable reforms and public investments, as provided in the National Recovery and Resilience Plan (NRRP).The situation triggered by COVID-19 brings about new awareness in Romania and among all the EU member states, through the economic-financial crisis, jobs crisis, health, education, research, innovation and digitalization crisis, which has an impact on the drop of revenues both at European and international level. We must agree that such pandemics should find us prepared and that the investments should be planned well beforehand, similarly to the creation of an army. The defence of a state requires costs, and the financial support allocated to the defence sector is visible in the results of the foreign and economic policy of Romania. From this perspective, the MoND has prepared a series of proposals included in a number of reforms and investments documents. Such reforms and investments are absolutely necessary to Romania and represent essential contributions to the NRRP.

Many Roads Lead to Rome – the State of European Integration

2018 ◽  
Vol 138 (2) ◽  
pp. 143-156
Author(s):  
Werner Abelshauser
Keyword(s):  
Economic Policy ◽  
North America ◽  
European Integration ◽  
Jel Codes ◽  
European Economic ◽  
Integration Strategy ◽  
Visible Hand ◽  
Unity In Diversity ◽  
European Markets ◽  
The Eu

Abstract The ongoing crisis in the euro zone raises the question of whether the previously chosen path of European integration is likely to spur internal and external competitiveness and capability of action. In economic terms, it is about a strategy that does justice to the uniqueness of the landscape of European markets. Its special feature is that Europe – in contrast to North America – has developed diverse economic cultures historically whose qualities match the requirements of distinct markets and whose set of institutions are functional. An adequate European economic policy has to acknowledge these cultures and develop strategies to improve their individual effectiveness, i.e. comparative institutional advantage. This productive governance (Ordnungspolitik of the visible hand) is in stark contrast to a policy of harmonization that emanates from the idea of uniform market conditions. The attempt to integrate Europe on the basis of a “multi-speed” model has failed. The essential task now is to take into account the diversity of economic cultures in Europe and to unite the continent along a variety of paths. What the EU needs are rules and strategies that create unity in diversity, realizing its official motto: united in diversity. What Europe needs is an integration strategy on several paths – not only at several speeds. JEL Codes: F15, F53

scholarly journals Utility function applied to interregional cooperation: case of the ASEM

2008 ◽  
Vol 54 (No. 5) ◽  
pp. 234-244
Author(s):  
M. Fejfarová
Keyword(s):  
Economic Policy ◽  
International Relation ◽  
Utility Function ◽  
Point Of View ◽  
Constructivist Approach ◽  
Asian Region ◽  
Interregional Cooperation ◽  
Points Of View ◽  
The Right ◽  
The Eu

This article presents one possible point of view on the interregional cooperation through the optic of neorealist and neoliberal international relation theories. Applying the constructivist approach to utility function and creating utility function of regions, the author aims to explain the reasons of difficulties of interregional cooperation from the two above mentioned rational points of view. The conclusions are drawn on the case of the Asia Europe Meeting cooperation showing that a low integration of a participating region may hamper an interregional cooperation, and that the current economic policy of the EU towards the Asian region is on the right track.

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