Systemic Aspects of the Responses of East European Economies to Disturbances in the International Economy

1980 ◽  
pp. 308-320 ◽  
Author(s):  
Morris Bornstein
Keyword(s):  
International Economy ◽  
East European ◽  
European Economies

Implications of Brexit for Skilled Migration from India to the UK

2021 ◽  
pp. 001573252110122
Author(s):  
Rupa Chanda ◽  
Neha Vinod Betai
Keyword(s):  
Transition Period ◽  
The European Union ◽  
Jel Codes ◽  
Decision To Leave ◽  
East European ◽  
The United Kingdom ◽  
Take Back ◽  
The Uk ◽  
European Economies ◽  
The Eu

In June 2016, the United Kingdom took the world by surprise with the results of its referendum on whether to remain in the European Union (EU). With a 52% majority, the country decided to leave the bloc in which it had been a member since 1973. With this outcome began the long process of Brexit negotiations between UK and the EU. The UK officially ceased to be an EU member on 31 January 2020, with a transition period up to the end of 2020. The decision to leave the EU came on the back of rising bitterness among people. Membership in the EU was seen as expensive and not beneficial to the country. One of the major campaigning points of the leave camp was the issue of immigration. Given that free movement of people is an important part of being in the EU, the party argued that leaving the EU would help the country take back control of its borders. Immigration in the UK has been on the rise since the early 2000s. It shot up further with the accession of the eight East European economies into the EU. Figure 1 shows how, leading up to Brexit, immigration from the EU to the UK was constantly increasing. JEL Codes: F00, F30, F22, F23

Growth and Fluctuations of Production in O.E.C.D. and East European Countries

1985 ◽  
Vol 37 (2) ◽  
pp. 204-237 ◽  
Author(s):  
Frederic L. Pryor
Keyword(s):  
Comparative Studies ◽  
European Countries ◽  
Popular Press ◽  
European Economic ◽  
East European ◽  
The Public ◽  
Economic Problems ◽  
Policy Statements ◽  
European Economies

Our knowledge of the operations of the centrally planned East European economies has become increasingly detailed; unfortunately, this accumulating scholarship has led to a certain disregard for some of the larger issues, especially concerning long-term developmental trends. The adverse results of this loss of focus have become quite apparent from the discussions about Soviet and East European economic problems—occasioned by the deaths of Leonid Brezhnev and Yuri Andropov—in the popular and semi-popular press. Most of the sweeping generalizations presented to the public were at considerable variance with scholarly assessments tucked away in publications for specialists. Further, many of the important empirical lessons in earlier comparative studies of long-term growth in East and West (for example, the remarkable survey by Bergson)1 appear to have been forgotten; and U.S. governmental policy statements often appear to be based on false assumptions about what actually happened.

Is There an East European Housing Bubble?

2006 ◽  
Vol 6 (3) ◽  
pp. 1850094 ◽  
Author(s):  
Robert C. Shelburne ◽  
Jose Palacin
Keyword(s):  
Interest Rates ◽  
Foreign Currency ◽  
House Price ◽  
Special Treatment ◽  
Housing Bubble ◽  
Policy Options ◽  
East European ◽  
Economic Fundamentals ◽  
Price Trends ◽  
European Economies

This study examines residential house price trends in the East European economies. The data are described and evaluated in terms of their quality and reliability; both official data from national statistical offices and that compiled by real estate companies are used. Current prices are evaluated in terms of the economic fundamentals in the region including GDP growth rates, interest rates, rental prices, alternative asset prices, and the availability of mortgages. The role of foreign currency mortgages is given special treatment given their importance in a number of countries and the vulnerabilities they introduce. For some of the markets a more detailed description of price trends by region or type of property is provided. Comparisons with western markets are made where appropriate. Generally it is concluded that price increases have been quite significant but any over appreciation is difficult to evaluate given the very positive changes in the economic fundamentals. In addition to price trends, the implications of the changing institutional structure of these mortgage markets are explained along with the implications of the housing market developments for consumer spending, fiscal and monetary policy. The possibility of a housing bubble and bust is examined along with its implications for the economy; policy options to minimize this likelihood and its consequences are also explored with due consideration of the limitations on macroeconomic policy options given the constraints imposed by euro accession in a number of the countries.

Should Formerly Socialist Economies Attempt to Leapfrog Classical Capitalism?

1993 ◽  
Vol 20 (2) ◽  
pp. 12-26 ◽  
Author(s):  
Jon D. Wisman
Keyword(s):  
Decision Making ◽  
Property Rights ◽  
Eastern Europe ◽  
Quality Circles ◽  
Foreseeable Future ◽  
The West ◽  
East European ◽  
The Future ◽  
Participation In Decision Making ◽  
European Economies

Formerly socialist economies of Eastern Europe have been advised by the West to adopt the property rights of classical capitalism. Yet the Western economies from which this advice emanates are all struggling to overcome productivity stagnation, resulting from the tensions between the interests of capital and labour. Experiments range from quality circles to far fuller worker participation in decision making and ownership. However, these experiments are coming forth slowly and timidly. Once in place, property rights are exceedingly difficult to alter. Thus those property rights chosen within East European economies over the next several years may be those which define these economies for the foreseeable future. Consequently, it would be an ironic and tragic twist of fact if East European economies were to turn now towards classical capitalism only to find that the future belongs to post‐capitalist forms of productive organization.

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