scholarly journals Trends Of Changes In The Polish Industry Innovativeness (Against The Background Of Leading World Economies)

2011 ◽  
Vol 4 (5) ◽  
Author(s):  
Adam Mazurkiewicz ◽  
Rozalia Sitkowska
Keyword(s):  
Venture Capital ◽  
Processing Industry ◽  
Us Economy ◽  
The Us ◽  
The Usa ◽  
Per Capita ◽  
Polish Economy ◽  
Business Financing ◽  
Investment Goods ◽  
The Eu

Tendencies concerning innovativeness changes in selected sectors of the Polish economy were identified in the paper. The trends were depicted against the background of the USA, Japan and the EU-15 and they comprised: public and business financing of the R&D area with reference to GDP, R&D expenditure per capita, and venture capital funds supporting innovations commercialization. The observed correlation between the financing level of the R&D area and the innovativeness level of the US economy made the basis for the analysis conducted. The analysis concentrated on trends occurring in the Polish economy in the context of industry innovativeness, in particular processing industry, including the sector of investment goods. Conclusions resulting from the analysis of innovation commercialization processes with venture capital funds were presented. Countermeasures which were taken in Poland to prevent the marginalization of financing the R&D area were demonstrated as well.

Sanctions of the USA and the Policy of Bank of Russia:double Blow to the National Economy

2014 ◽  
pp. 13-29 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
National Security ◽  
Economic Sanctions ◽  
Capital Flight ◽  
Practical Advice ◽  
The Us ◽  
Monetary Authorities ◽  
The Usa ◽  
Simultaneous Adoption ◽  
The Eu

This article examines fundamental questions of monetary policy in the context of challenges to the national security of Russia in connection with the imposition of economic sanctions by the US and the EU. It is proved that the policy of the Russian monetary authorities, particularly the Central Bank, artificially limiting the money supply in the domestic market and pandering to the export of capital, compounds the effects of economic sanctions and plunges the economy into depression. The article presents practical advice on the transition from external to domestic sources of long-term credit with the simultaneous adoption of measures to prevent capital flight.

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). 

Macroeconomic conditions are only an illusion, not the solution, to firm sustainability: unveiling the new dimension of stakeholder well-being

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Zahid Irshad Younas ◽  
Mahvesh Khan ◽  
Mamdouh Abdulaziz Saleh Al-Faryan
Keyword(s):  
Well Being ◽  
Developed Countries ◽  
Macroeconomic Performance ◽  
Content Type ◽  
Macroeconomic Conditions ◽  
Us Economy ◽  
The Us ◽  
The Usa ◽  
Negative Impacts ◽  
The One

Purpose The purpose of the study is to explore the misconception that in developed countries, macroeconomic performance lead to sustainable firms or improves stakeholder well-being. The results may be the opposite or even worse. Design/methodology/approach This study examined this misconception using balanced panel data from 1,122 firms from different sectors of the US economy and data on macroeconomic performance from the World Bank. Findings The results of the one-step generalised method of moments indicate that most macroeconomic performance indicators had significant and negative impacts on firm sustainability and stakeholder well-being. Practical implications From a societal perspective, the results illustrate that the fruits of macroeconomic performance of the US economy do not reach stakeholders through firms’ sustainability. Thus, linking the economy’s macroeconomic performance with firm sustainability is vital for sustainably uplifting society and for stakeholder well-being. Originality/value From a policy perspective, this study reveals that the greater focus on macroeconomic performance in the USA over the past decades has resulted in lower firm sustainability because of the malfunctioning of social, economic, environmental and governance factors. This has negatively influenced stakeholder well-being in the country.

scholarly journals Saldo Comercial De Productos Por Habitante De México, 2001-2014. Un Comparativo Con La Región APEC

2016 ◽  
Vol 12 (16) ◽  
pp. 248
Author(s):  
Antonio Favila Tello ◽  
América Ivonne Zamora Torres
Keyword(s):  
International Business ◽  
Automotive Industry ◽  
Trade Balance ◽  
Trade Deficit ◽  
The Other ◽  
Us Economy ◽  
The Us ◽  
Per Capita ◽  
Extractive Economies ◽  
Constant Prices

Trade balance per capita is one of the international trade indicators that experts frequently use to evaluate a country’s performance in trade and evaluate its commercial policies. Exports, imports and the trade balance per capita of the 21 APEC countries were calculated for the 2001-2014 period in order to observe and evaluate its recent evolution, especially for the Mexican case. The data used only covered merchandises according to their value in US dollars at constant prices of 2014. Results suggest the existence of trade surpluses in extractive economies such as Brunei, Papua New Guinea and Russia. The exponential growth of exports from Vietnam and China is also demonstrated as well as the outstanding international business activity in Singapore and Hong Kong (which in per capita indicators outweighed all of the other members of APEC). Conditions of trade deficit are detected for powerful economies such as United States and Japan. On the other hand, Mexico shows a balanced condition in this indicator, an important and growing automotive industry and a noteworthy dependence on the US economy.

scholarly journals Whitewashing Capitalism: Mainstream Economics’ Resounding Silence on Race and Racism

2019 ◽  
Vol 51 (4) ◽  
pp. 562-571
Author(s):  
Tim Koechlin
Keyword(s):  
Racial Inequality ◽  
Jel Classification ◽  
Economic Science ◽  
Race And Racism ◽  
Mainstream Economics ◽  
Us Economy ◽  
Economic Practices ◽  
The Us ◽  
The Usa ◽  
History Of

This paper is about the gaping silence in mainstream economics regarding the relationship among capitalism, race, racism, and enduring racial inequality in the USA. Racial inequality is a glaring and enduring fact about the US economy. And yet mainstream economics has little to say about race or racism. Gregory Mankiw’s bestselling textbook devotes seven pages to “discrimination.” There is no discussion of racism per se. Mainstream economists and textbooks typically conflate racism and “discrimination,” and reassure the reader that “markets contain a natural remedy for employer discrimination” (Mankiw, 2008: 409). A student is likely to leave ECON 101 (or an economics major) with a sense that “economic science” has “shown” that discrimination is not that big a deal, and that the history of racist plunder and exploitation in the USA (of which there likely has been no discussion) is not relevant to “economics.” I argue here that the mainstream narrative (its assumptions, its logic, its conclusions, and its rhetorical choices and emphases) systematically obscures, dismisses, and ignores essential ways that racial inequality has been (re)produced by US capitalism. Especially striking is the resounding silence about the legacy of racist economic practices—in particular, the ways in which the enormous black/white wealth gap (and its effects) in the USA are linked to centuries of racist exclusion, violence, and plunder. The mainstream narrative thus whitewashes capitalism and exonerates “the market system.” The final section argues for a radical multidisciplinary economics. JEL classification: J15, D63

Stability of Supply Coefficients and Consistency of Supply-Driven and Demand-Driven Input-Output Models: A Reply

1991 ◽  
Vol 23 (12) ◽  
pp. 1811-1817 ◽  
Author(s):  
S Deman
Keyword(s):  
Real World ◽  
Joint Stability ◽  
Input Output ◽  
Aggregated Data ◽  
The Real ◽  
Us Economy ◽  
The Us ◽  
The Usa ◽  
Stability And Consistency

A comment by Miller was published in the August 1989 issue of Environment and Planning A, which makes an intriguing comparison of a paper by Chen and Rose with one by myself. His comment concerns the uses of various terminologies in the literature on supply-driven and demand-driven input—output models and the claims to have defined terms such as ‘stability’, ‘joint stability’, and ‘consistency’. Further, generalizations are made on the basis of a specific set of aggregated data for the US economy to show that biproportional changes suggested in my theorem are unlikely to be observed in the real world. I will show that Miller adds no illumination to the issues of ‘stability’ or ‘consistency’, and that, in fact, his comment accomplishes nothing of import. His comment could also leave us with the impression that the USA is the only ‘real-world’ example worthy of comment.

scholarly journals TRADE POLICY OF THE EUROPEAN UNION AND THE UNITED STATES OF AMERICA UNDER THE COVID-19 PANDEMIC

2021 ◽  
Vol 2 (1) ◽  
pp. 53-59
Author(s):  
Viktoriya Mashkara-Choknadiy ◽  
Yuriy Mayboroda
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
Social Life ◽  
The United States ◽  
The European Union ◽  
Foreign Trade Policy ◽  
The Us ◽  
The Usa ◽  
The Impact ◽  
The Eu

The pandemic of COVID-19 has influenced all sectors of social life, including the global economy and trade relations. The year of 2020 was marked with significant changes in internal and foreign economic policy of almost all nations. The purpose of the paper is to study the measures taken by the EU and the USA as the world's leading economies to regulate their foreign trade in the global crisis caused by the COVID-19 pandemic. The tasks of the study are to show the influence of the crisis on changes of global trade policy in front of the threat to national security. Methodology. The study is based on the results of statistical analysis of data provided the WTO and the UNCTAD. The authors show an analytical assessment of the foreign trade indicators of the EU and the USA. Methods of comparison and generalization were used to formulate conclusions on regulatory trends in foreign trade of the US and the EU. Results allowed identifying specific features and changes in the regulation of foreign trade of the EU and the US, assessing the impact of the pandemic on their foreign trade. It was found that both mentioned players of the world economy have actively introduced both deterrent and liberalization measures during 2020, which were aimed at providing the domestic market with scarce COVID-related goods. The study shows the transition from export restricting to import liberalizing measures in foreign trade policies from the start of pandemic to the late 2020. Practical implications. Understanding and predicting the possible actions of partners (the US and the EU in this case) in the field of foreign trade regulation is an important practical aspect, which has to be taken into account when developing Ukraine's foreign trade policy. Value/originality. The study of foreign trade policy of the world's leading countries allows us to understand the behavior of governments of the countries that are largely dependent on participation in international trade in their development, to draw conclusions about the most common instruments of foreign trade policy in the time of humanitarian and economic crises.

scholarly journals 2003: What lessons for European biotechnology?

10.5912/jcb87 ◽  
2004 ◽  
Vol 10 (4) ◽  
Author(s):  
M S Fazeli
Keyword(s):  
Venture Capital ◽  
Biotechnology Industry ◽  
Equity Capital ◽  
Public Markets ◽  
Level Of Activity ◽  
Risk Appetite ◽  
The Us ◽  
The Usa ◽  
Liberal Attitude ◽  
Biotechnology Sector

The biotech sector had a sizzling year last year, raising US$19bn in cash globally. This paper looks at the performance of the biotechnology sector on both sides of the Atlantic in terms of financing activity. Financing activity in the European biotechnology industry is still a long way off from the USA, with public fundraising only reaching the level that the USA had in 1997 and venture capital financings getting close to the US levels of 1994–95. This suggests that at least another five to eight years is needed before there is even a chance to get near where the USA is today. However, the sheer size of the US equity capital market and its liberal attitude to fundraisings and higher-risk appetite is likely to mean that European biotechs will never catch up with the USA, even if our science (across the whole of Europe) is as good. This does not mean that Europe cannot have a thriving biotechnology industry. Indeed, the current level of activity in the venture capital and public markets suggests that Europe is only just getting serious on biotechnology.

scholarly journals Euro-Atlantic Security in U.S.-EURussia Triangle and Trump Factor

2020 ◽  
Vol 12 (6) ◽  
pp. 78-108
Author(s):  
M. M. Panyuzheva
Keyword(s):  
The United States ◽  
Regional Security ◽  
Political Elites ◽  
Donald Trump ◽  
Current State ◽  
The Us ◽  
Security Relations ◽  
The Usa ◽  
The Russian Federation ◽  
The Eu

The article discusses the security relations among the United States, the EU and Russia in the context of Donald Trump's populism, the change of Western political elites and the erosion of arms treaty regimes. The purpose of the article is to analyze the current state and identify the probable scenarios of relations in the triangle of the USA – the EU – Russia. The article explores the features of the Euro-Atlantic security system from 1990’s till the mid-2000’s; the concept of Euro-Atlantic security in 2008-2009; the US, the EU and Russia relations under Barak Obama and Donald Trump. As a result of a comprehensive analysis, the author comes to the following conclusions: 1) the concept of Euro-Atlantic security is still relevant. Since the NATO based security arrangements are not stabile, security interaction among the USA, the EU and Russia is growing in importance. 2) European leaders seem to be moving towards building a new security architecture and a more balanced dialogue with Russia. The EU remains the main economic partner of the Russian Federation. 3) Trump's “transactional” approach has prompted Europeans to strengthen its defense identity and seek a compromise with Russia. 4) In a multipolar world, the Euro-Atlantic regional security is no longer closed to transatlantic ties. It is important to rethink the concept towards cooperation with non-regional countries. 5) The complex game of engagement and deterrence is likely to continue in relations between Russia and the West. The more uncertain the transatlantic relations become, the more the EU and the US need Russia.The author declares absence of conflict of interests.

The regulation of zero-price markets by the competition authorities in the USA and the EU

2020 ◽  
Vol 21 (4) ◽  
pp. 315-343
Author(s):  
Stephen Jarman ◽  
Deniz D. Karaman Örsal
Keyword(s):  
Government Intervention ◽  
Fair Price ◽  
Modern Economy ◽  
The Us ◽  
The Usa ◽  
Established Fact ◽  
Policy Solutions ◽  
The Eu

The modern economy is flooded with products that have no monetary price. However, it is becoming something of an established fact that many zero-price products are not ‘free’ but rather incur costs for consumers in other ways. Many governments intervene in markets when consumers are not being given a fair price for their products. If the costs to consumers for some products are not monetary however, how can governments evaluate whether the costs that consumers are incurring are too high? We seek to answer this question by assessing the approaches of the US and the EU to zero-price markets as informed by their legal and ideological traditions. We offer potential policy solutions while outlining the difficulties that accompany government intervention in zero-price markets and the obstacles when it comes to measuring non-monetary forms of consumer cost.

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