scholarly journals Analysis Of Bankruptcy Law Provisions In New Member EU Countries: Global Competitive Strategy Implications For Multinational Corporations

2011 ◽  
Vol 3 (9) ◽  
Author(s):  
F. J. Brewerton ◽  
Jane LeMaster
Keyword(s):  
Multinational Corporations ◽  
Economic Integration ◽  
Multinational Corporation ◽  
Economic Benefits ◽  
Bankruptcy Law ◽  
Member States ◽  
New Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
The Eu

Globalization has been responsible for a number of ongoing interrelated trends including an accelerated worldwide movement toward economic integration, an ongoing proliferation of new multinational corporations, a widening search for new economic opportunities by multinational corporations, and an increasing concern for and attention to bankruptcy as a contingency strategy for multinational corporations when primary strategies catastrophically fail. The economic benefits associated with the removal of trade barriers is also attracting new member countries to the EU and other trading blocks but these new member countries bankruptcy law provisions may have uncertain contingency strategy implications for MNCs.This paper comprises (1) a brief summary of the general trends associated with globalization; (2) a discussion of why international bankruptcy law is becoming increasingly important in the formulation of contingency strategy in multinational corporations; (3) a discussion and analysis of bankruptcy law provisions in new EU member states; (4) a discussion of the strategic implications associated with new member states bankruptcy laws; and (5) general conclusions regarding the attractiveness of new member states bankruptcy laws to multinational corporation strategists.

scholarly journals New EU member states’ emigration: Projections for future and lessons for the new EU candidates

2020 ◽  
Vol 23 (2) ◽  
pp. 129-140
Author(s):  
Iva Vuksanović Herceg ◽  
Tomislav Herceg ◽  
Lorena Škuflić
Keyword(s):  
Birth Rate ◽  
Gdp Per Capita ◽  
Member States ◽  
New Member States ◽  
Eu Member States ◽  
Percentage Points ◽  
Level Of Economic Development ◽  
Per Capita ◽  
New Eu Member States ◽  
The Eu

AbstractUnlike the old member states that compensate the negative net birth rate with immigration, the new EU member states face both migrational and natural demographic decline. In the last decade, poor level of economic development as well as the accession to the EU encouraged net emigration from the new member states. Panel data for the 12 new member states for the 2007 - 2016 period were used to determine how the length of membership and GDP per capita trailing behind the EU average affect the proportion of the net emigration. It has been shown that on average a country has to reach at least 85 percent of the average EU GDP p.c. (measured in PPS) to prevent emigration, but this level increases with each year of membership by 1.37 percentage points.

Eastern Partnership and the Preferences of New EU Member States

2013 ◽  
Vol 1 (1) ◽  
pp. 29-42
Author(s):  
Matúš Mišík
Keyword(s):  
Member States ◽  
New Members ◽  
Factors Affecting ◽  
Eastern Partnership ◽  
New Member States ◽  
Eu Member States ◽  
The Third ◽  
Factors Influencing ◽  
New Eu Member States ◽  
The Eu

Abstract This paper tries to shed some light on factors influencing the positions of the new member states of the EU on Eastern Partnership in its initial phase. It utilises an analytical approach developed by Copsey and Haughton (2009) and argues that the two most important factors affecting positioning of newcomers towards the initiative are: perceived size and geography. While the new members were especially keen to support their immediate neighbours, they were using a common policy towards these countries to increase their presence and influence in the region since the initiative helped them to deal with neighbourhood issues they were not able to solve on their own. The paper suggests an amendment to the theoretical approach and proposes an assumption explaining positioning of the member states towards the third countries that better reflect the empirical evidence than the original framework. Moreover, the research showed that Poland differed from the rest of the new EU countries, was much more active and influential and rather resembled the old members. However, due to its not very positive image (caused by its assertive approach and strong effort to play a prominent role within the EU) its influence within the EU was limited and, therefore it proposed the Eastern Partnership together with Sweden that held a much better image.

scholarly journals The Attitudes of the European Union and China Towards Foreign Direct Investment: Implications for Bilateral Relations

2019 ◽  
Vol 22 (3) ◽  
pp. 83-98
Author(s):  
Janina Witkowska
Keyword(s):  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Member States ◽  
Independent State ◽  
Eu Countries ◽  
Eu Member States ◽  
Bilateral Relations ◽  
New Eu Member States ◽  
The Eu

The aim of this paper is to discuss new trends that have occurred in the policies of the EU and China towards foreign direct investment (FDI), to examine some implications of the EU‑China Comprehensive Agreement on Investment (CAI) – which is currently being negotiated – for their bilateral relations, and to assess the role which China’s “One Belt One Road’ (OBOR) initiative might play in its relations with the new EU Member States. The EU established freedom of capital movement with third countries; however, the introduction of the common investment policy has encountered some obstacles. These are related to investor protection and ISDS issues. In turn, China is carrying out an independent state policy towards foreign investment with limited liberalization of FDI flows. The negotiated EU‑China CAI is expected to create conditions conducive to bilateral foreign investment flows, and it might bring positive effects for their economies in the future. However, the progress made thus far in the negotiations is still limited. The relations between China and the new EU Member states (CEE countries) are characterized by common interests in the field of FDI flows. The new EU countries are interested in attracting Chinese FDI and seem not to show the fears that have arisen in the old EU countries.

scholarly journals Financial Liberalization and Current Account Developments in New EU Member States

2020 ◽  
Vol 23 (1) ◽  
pp. 141-154
Author(s):  
Zdenka Obuljen Zoričić ◽  
Boris Cota ◽  
Nataša Erjavec
Keyword(s):  
Exchange Rate ◽  
Current Account ◽  
Positive Sign ◽  
Current Account Balance ◽  
Financial Openness ◽  
Member States ◽  
Eu Member States ◽  
New Eu Member States ◽  
The Eu ◽  
The Current Account

AbstractDue to negotiations on accession to the EU, the new EU member states from Central and Eastern Europe went through the financial opening. In the pre-crisis period followed by high liquidity in global markets, most of the EU new member states experienced rapid credit growth, which conditioned the appreciation of the exchange rate. External imbalances and vulnerabilities built up. Countries experienced deterioration in their current accounts. This paper investigates the link between financial openness, real effective exchange rate, financial crisis and current account balance within the Panel Auto-Regressive Distributed Lag (ARDL) framework for 11 new European Union members during the period from 1999 to 2016. The results obtained by the use of pooled mean group estimator (PMG) show that in the long run, financial openness has a significant negative impact on the current account balance. In the short run, crisis significantly influences the current account balance having a positive sign.

Insolvenzzwecke in Deutschland und Frankreich

2019 ◽  
Author(s):  
Saskia Naomi Merle
Keyword(s):  
German Law ◽  
Bankruptcy Law ◽  
Legal Analysis ◽  
French Law ◽  
Legal Requirements ◽  
Member States ◽  
Eu Member States ◽  
The Face ◽  
The Eu

As a result of the recently announced restructuring and insolvency directive, the Europeanisation of bankruptcy law has reached a new peak. In view of this, there is an urgent need to discuss the law’s procedural purposes, as the EU member states’ national laws differ enormously in this respect. French law, for example, favours restructuring in many areas. In contrast, the German procedure primarily aims to satisfy creditors in equal measure, which appears indispensable in principle due to constitutional and European legal requirements. In the face of political ‘restructuring hype’, this comparative legal analysis also shows, however, to what extent a firm’s restructuring should be supported in German law and which paths would possibly be open for this undertaking. In this context, this study pays particular attention to pre-insolvency restructuring instruments within the parameters of the aforementioned directive.

scholarly journals Regional Analysis of New EU Member States in the Context of Cohesion Policy

2009 ◽  
Vol 9 (2) ◽  
pp. 71-90
Author(s):  
Milan Viturka ◽  
Vladimír Žítek ◽  
Viktorie Klímová ◽  
Petr Tonev
Keyword(s):  
Regional Analysis ◽  
Regional Differentiation ◽  
Cohesion Policy ◽  
Member States ◽  
Eu Member States ◽  
Socioeconomic Analysis ◽  
Information Relevance ◽  
European Union Member States ◽  
New Eu Member States ◽  
The Eu

Regional Analysis of New EU Member States in the Context of Cohesion Policy The paper concentrates on the new European Union member states, i.e. the states of central and eastern Europe which entered the Union in 2004 (Czech Republic, Slovakia, Poland, Hungary, Lithuania, Latvia, Estonia and Slovenia) and 2007 (Bulgaria and Romania). The basis of the paper is the evaluation of the cohesion policy in the countries in question, which are then analysed at the level of NUTS 2 regions (cohesion regions). The aim of the socioeconomic analysis is to assess the economic level of the regions and to use the results to form their typology. Ten characteristic indicators were chosen so that the study was as complex as possible. For each indicator in the examined countries the average was calculated, which allowed for a considerable increase of the information relevance of the study conclusions. For the cartographic representation of the regional differentiation intervals based on this average and the standard deviation were used. The final part of the study presents a concluding synthesis together with the above-mentioned typology of the regions. The results are interpreted in the context of the optimal strategy selection for the regional policy determined by the EU cohesion policy.

Understanding Brand Website Positioning in the New EU Member States

2011 ◽  
pp. 1228-1248
Author(s):  
Shintaro Okazaki ◽  
Radoslav Škapa
Keyword(s):  
Content Analysis ◽  
Czech Republic ◽  
Multinational Corporations ◽  
Member States ◽  
The Czech Republic ◽  
Eu Member States ◽  
Analysis Technique ◽  
Similarity Ratings ◽  
New Eu Member States

This study examines Websites created by American multinational corporations (MNCs) in the Czech Republic. Utilizing a content analysis technique, we scrutinized (1) the type of brand Website functions, and (2) the similarity ratings between the home (US) sites and Czech sites. Implications are discussed from the Website standardization versus localization perspective.

Reflexive Governance in EU Equality Law

2021 ◽  
Author(s):  
Emma Lantschner
Keyword(s):  
Opportunity To Learn ◽  
Learning Processes ◽  
Equal Treatment ◽  
Member States ◽  
New Member States ◽  
Eu Member States ◽  
Comparative Review ◽  
The Right ◽  
Employment Equality ◽  
The Eu

The Covid pandemic has revealed how far we, as a European society, still are from the proclaimed Union of Equality. This book explores how the promise of equal treatment can become a reality and compliance with the EU acquis relating to equality and non-discrimination be improved. It studies enforcement and promotion aspects of the two watershed Directives of 2000, the Racial Equality Directive 2000/43/EC and the Employment Equality Directive 2000/78/EC, through the lens of reflexive governance. This governance approach is proposed as having a great potential in enhancing the likelihood of sustainability (or continuation) of reforms in the current candidate countries and EU Member States through its emphasis on reflexive learning processes and the cooperation between EU institutions, national authorities, and civil society actors. In order to deploy this potential, there is, however, a need for more consistent and transparent monitoring, both with regard to candidate countries as well as old and new Member States, and a reconsideration of the understanding of monitoring as such. It should be seen as helping to deconstruct own-preference formations and as an opportunity to learn from successes and failures in a cooperative and recursive process. To work on these lacunae and improve learning and monitoring processes, this book identifies indicators that are deduced from the comparative review of the implementation practice of the Member States. It is thus a contribution to the existing literature in the fields of Europeanization, governance studies, and the right to equality and non-discrimination.

Can the European Union Force its Member States to Introduce the Euro?

2019 ◽  
Author(s):  
Markus D.W. Stoffels
Keyword(s):  
European Union ◽  
Exchange Rate ◽  
Convergence Criterion ◽  
The European Union ◽  
Member States ◽  
Eu Member States ◽  
The Past ◽  
The Exchange Rate ◽  
New Eu Member States ◽  
The Eu

In this study, the author addresses the intriguing, topical but little-studied question of whether the (old and new) EU Member States should, upon accession to the EU, be obliged to introduce the euro. To begin with, he examines—while deliberately ignoring the problematic exchange rate convergence criterion—whether introducing the euro should in principle be obligatory. After having answered this question in the affirmative, he takes a closer look at the exchange rate convergence criterion. He concludes that a country’s formal participation in the ERM II is a necessary but insufficient requirement for that country to meet the exchange rate convergence criterion. However, since ERM II membership is, for its part, voluntary, this also makes a country’s decision to introduce the euro completely voluntary. Accordingly, a Member State like Sweden is entitled to simply circumvent introducing the euro by simply refraining from participating in the ERM II. The author continuously refers to how different groups of Member States have been treated in the past with regard to them introducing the euro.

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