scholarly journals The governance model of the U.S. and EU after the economic crisis?

2014 ◽  
Vol 11 (3) ◽  
pp. 317-320
Author(s):  
Gina Albu
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Government Spending ◽  
Global Economy ◽  
Development Model ◽  
Negative Consequences ◽  
Governance Model ◽  
The U.S ◽  
Over Time ◽  
The Eu

In this paper we have treated several fundamental issues underlying some issues about interventionism, governance and so on that come in actuality in this period of economic crisis. Over time the economic crisis that began in 2008 has had some negative consequences on the global economy. Moreover, many sparked controversy between the followers of Keynes and Friedman’s and not least between Obama’s policies envisaging growth and EU austerity policies that were aimed at reducing the deficit and debt. It is necessary that both the U.S. and the EU to rethink the development model and to improve governance in all aspects. Stiglitz and Krugman are some of the biggest proponents of interventionism and higher government spending. They also are trying to find solution for economic growth.

APEC Leaders Meet in Vancouver, Address Economic Crisis, Challenges of Globalization

1998 ◽  
Vol 9 (1) ◽  
pp. 108-111
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Global Economy ◽  
Sustainable Growth ◽  
Asia Pacific ◽  
Full Potential ◽  
Leading Role ◽  
The People ◽  
Open Trade ◽  
Trade And Investment

We, APEC's Economic Leaders, met today in Vancouver, Canada, to reaffirm our commitment to work together to meet the challenge of sustaining regional prosperity and stability. Certain of the dynamism and resilience of the region, we underline our resolve to achieve sustainable growth and equitable development and to unlock the full potential of the people who live here. We agree that the prospects for economic growth in the region are strong, and that Asia-Pacific will continue to play a leading role in the global economy. The goals we have set, including the achievement of free and open trade and investment in the region by the dates set out in the Bogor Declaration, are ambitious and unequivocal.

Part I Rationales for State Aid Rules, 2 Evolution of Aid in the EU: Classifying Different Types of Countries, and the Financial and Economic Crisis

2016 ◽  
Author(s):  
Kreuschitz Viktor ◽  
Nehl Hanns Peter
Keyword(s):  
Economic Crisis ◽  
Aggregate Data ◽  
European Market ◽  
Member States ◽  
Eu Member States ◽  
Time Period ◽  
Single European Market ◽  
Similarities And Differences ◽  
Over Time ◽  
The Eu

This chapter examines the evolution of (non-crisis) aid in the EU-27 since 1992, which serves as a basis to assess the similarities and differences between the practices of granting aid in EU Member States. Aggregate data for the EU-27 as a whole suggests that Member States have given a smaller percentage of their GDP as aid over time, which might be regarded as reflective of the view that they are accepting the need for its reduction and its control in the single European market. While declining in the first half of the 1990s, aid levels peaked in 1997, only to be reduced by 1999. This can be explained based on the new regulations that were pursued during the time period, which resulted in broader definitions by the Commission and tighter control.

scholarly journals The Role of Innovation in Fostering Competitiveness and Economic Growth: Evidence from Developing Economies

2017 ◽  
Vol 20 (4) ◽  
pp. 65-81 ◽  
Author(s):  
Lejla Terzić
Keyword(s):  
Economic Growth ◽  
Developing Economies ◽  
Measurement Instruments ◽  
Secondary Sources ◽  
Composite Measures ◽  
Innovation Output ◽  
Per Capita ◽  
Over Time ◽  
The Eu

This paper deals with the essential features determining the role of innovation in developing economies by examining the structure of innovation measures. The economic growth and competitiveness of developing economies are powerfully connected to its innovation status. The purpose of this paper is to examine the significance of innovation in driving economic growth per capita and competitiveness in selected developing economies. In order to determine the interconnection among the variables of innovation, competitiveness, and growth, assorted methodological measurement instruments have been applied. The data were collected from both primary and secondary sources. The results suggest the importance of specific innovation dimensions for prospective economic growth in developing economies. The identical measures responsible for fragile innovation are associated to the low composite measures of innovation accomplishment. This demonstrates the enormous disparity concentrated in every innovation aspect over time, specifically in innovation output and enterprise performances between the developing economies and the EU–28 average measures. The research results indicate the usage of appropriate economic instruments in diminishing the problems that developing economies are currently dealing with. 

scholarly journals Environment Potential and Adjusting of Gross Domestic Product to the Safe Industrial Development

2018 ◽  
Vol 41 ◽  
pp. 04001
Author(s):  
Michal Cehlár ◽  
Zou Liang ◽  
Lian Wan ◽  
Khanindra Madauri ◽  
Sergey Krysin
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Industrial Development ◽  
Raw Materials ◽  
High Tech ◽  
Negative Consequences ◽  
Resource Base ◽  
Environmental Goods ◽  
Goods And Services ◽  
Social And Economic Development

The importance of the natural resource and environmental factors in the development of the modern economy is becoming more important in the context of energy security and the quality of economic growth. This is also due to the fact that the state’s policy in increasing GDP has been adjusted to a qualitative social-and-economic development. In this regard, the quantitative measurement of the quantity and quality ratio of economic growth is relevant. The rise of the global economy as a whole and its individual territories is due to both a high-tech breakthrough and the development of raw materials industries – oil, gas, coal and metallurgy. Currently, to meet the needs of society in natural resources, environmental goods and services, ever-increasing costs are required for expanded reproduction of the mineral resource base and compensation for negative consequences resulting from the degradation of ecological systems and pollution of the natural environment.

scholarly journals Znaczenie Turcji dla gospodarki i bezpieczeństwa Unii Europejskiej

2018 ◽  
pp. 91-104
Author(s):  
Artur Pohl
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Economic Crisis ◽  
21St Century ◽  
International Security ◽  
The European Union ◽  
Fast Growing ◽  
Security Enhancement ◽  
Growing Economy ◽  
The Eu

In the second decade of 21st century the European Union will have to face the economic crisis and a problem of its domestic and international security enhancement. In both cases, the Turkish access to the organization can be a cure for European problems. Fast-growing economy, with young, well-educated society as well as big market may be an impulse to the economic growth of the EU. Economic surroundings and geostrategic location of Turkey, with its strongand modern army, can positively affect the security of the organization.

scholarly journals The Economy of the Border Municipalities of Finland in the Post-Crisis Years

2021 ◽  
Vol 21 (3) ◽  
pp. 119-127
Author(s):  
Roman Plyusnin ◽  
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Public Debt ◽  
Service Sector ◽  
Geographical Location ◽  
Economic Situation ◽  
Negative Consequences ◽  
Official Statistics ◽  
Euro Zone ◽  
The Eu

The 2008–2009 crisis and the subsequent euro zone crisis dealt a serious blow to the Finnish economy. 2009 was marked by a significant reduction in the country's GDP, an increase in unemployment, and an increase in public debt. In the following years, Finland did not experience stable economic growth, and in 2014, mutual sanctions between Russia and the EU made their contribution. It was only in 2016 that the country began its systematic return to its pre-crisis state. Finnish municipalities bordering Russia since the 1990’s. the twentieth century is the least economically developed part of the country, which at the same time is most closely connected with our country due to its geographical location. In this regard, in this article, the author considered the economic situation of these municipalities on the basis of available official statistics. It was found that the dynamics of the considered indicators most often correlate with what was happening in the country as a whole. In 2014–2015, no special negative consequences from counter-sanctions on the part of our country were revealed. The exception was the indicators related to the service sector of border municipalities, which in 2014–2015 were noticeably worse than the average for Finland.

scholarly journals The contribution of organized food retail to the Greek socio-economic development during the years of economic crisis

2021 ◽  
Vol 10 (4, special issue) ◽  
pp. 326-335
Author(s):  
Nikolaos Zisoudis ◽  
Eleni Zafeiriou ◽  
Alexandros Garefalakis ◽  
Konstantinos Spinthiropoulos ◽  
Stavros Garefalakis
Keyword(s):  
Economic Crisis ◽  
Significant Contribution ◽  
National Income ◽  
Living Standard ◽  
Domestic Economy ◽  
Negative Consequences ◽  
Chain Stores ◽  
Retail Chain ◽  
The Eu

The economic crisis in the EU had severe impacts not only on the performance of the domestic economy but also on the living standard for the citizens. The extended spread of this crisis resulted in limitation in the disposable income and significant negative changes have taken place with negative consequences for the corporate economic performance and competitiveness (de Jorge Moreno, Castillo, & de Zuani Masere, 2010). Within the dominance of certain conditions of economic crisis, there are a few firms that act as lighting exceptions. The present work makes an effort, to unveil the role of selected supermarket retail chain stores in the performance of certain macroeconomic parameters and therefore to illustrate the mechanism through which the restoration of the economy in Greece becomes feasible. More specifically, based on data derived by Eurostat and Greek National Statistics with the assistance of the findings of present analysis that validate a significant contribution of the firms studied to macroeconomic parameters such as national income or employment it may provide policymakers with knowledge tools to promote corporate efforts of this type and in sequence to lead the macroeconomic system in a trajectory of economic growth.

The temporary employed in Poland: Beneficiaries or victims of the liberal labour market?

2015 ◽  
Vol 38 (3) ◽  
pp. 400-424 ◽  
Author(s):  
Michał Pilc
Keyword(s):  
Labour Market ◽  
Empirical Studies ◽  
Panel Study ◽  
Temporary Employment ◽  
Negative Consequences ◽  
Eu Countries ◽  
Future Career ◽  
The Social ◽  
Over Time ◽  
The Eu

Poland has had the highest incidence of temporary employment among the EU countries since 2009. However, due to a lack of proper data, only a few empirical studies have been devoted to analyse the consequences of temporary employment for future career and economic prospects on the Polish labour market. In this study the data from the Social Diagnosis panel study for the years 2009–2013 are used in order to analyse these consequences. The results reveal that although the chances for the temporary employed of finding a permanent job increase and the risk of being unemployed decreases over time, the negative consequences of temporary employment for income and its perceived stability do not seem to diminish.

scholarly journals Integration Processes In The Global Economy: Current State And Prospects. The Cases Of The European Union, ASEAN Economic Community, And NAFTA

2016 ◽  
Vol 19 (4) ◽  
pp. 47-65 ◽  
Author(s):  
Janina Witkowska
Keyword(s):  
European Union ◽  
Global Economy ◽  
Global Financial Crisis ◽  
The European Union ◽  
Negative Consequences ◽  
Economic Community ◽  
Member States ◽  
Current State ◽  
Asean Economic Community ◽  
The Eu

The aim of the paper is to determine the current state of the integration processes in the global economy and prognosticate on the foreseeable changes in this phenomenon in the upcoming. Will they be divergence from or continuity with the past trends in the global economy in this field? The article examines three regional integration groupings, i.e. the European Union, ASEAN Economic Community, and NAFTA. The analysis makes it possible to conclude that all of these groupings/organizations are encountering some problems. In the case of the EU, these are mainly: the two – speed integration process as far as a monetary union is concerned; serious negative consequences of the global financial crisis for the socio-economic cohesion of the EU-28; as well as a worsening position in the world trade in goods and services and in the total global gross capital inflows. The problems of the ASEAN Economic Community seem to be connected with some discrepancies between the political will in favour of deepening integration among member states and the real economic difficulties involved in attaining higher stages of integration among a group of countries extremely differentiated in their economic development. NAFTA’s problems also lie in the asymmetrical development between member states, as well as in the lessening importance of the integration within the organization for the member states, which results from the putting into effect numerous other FTAs. The growing openness of all the analyzed integration groupings, being in line with the globalization process, seems to be a future characteristic of integration processes in the global economy.

scholarly journals Macroeconomic Imbalances and the Economic Convergence of the EU candidate countries

2016 ◽  
Vol 3 (10) ◽  
pp. 135
Author(s):  
Daniela Bobeva ◽  
Dimitar Zlatinov
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Economic Convergence ◽  
Slowing Down ◽  
Macroeconomic Imbalances ◽  
Eu Candidate Countries ◽  
Economic Developments ◽  
The Eu

The paper assesses the relevance of the EU Macroeconomic Imbalances Procedure scoreboard for the EU candidate countries. The calculation of the 14 indicators for a nine years period proves the recent economic crisis helped resolve some of the imbalances in the EU candidate countries but on the back of the slowing down the economic growth and convergence. The paper argues that MIP scoreboard fails to capture the specifics of economic developments of the caching up economies and cannot be used as a tool for assessing their readiness to join the EU.

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