Three Horsemen of the Markets

Author(s):  
Gönül Yüce Akıncı

The purpose of this chapter is to examine the impact of technologic improvement and financial development on competitive power in the 28 member countries of the European Union using panel geographically weighted regression analysis for the period of 2004-2016. The findings of the analysis, which show that increasing technological development accelerates the competitive power, support the Schumpeterian hypothesis, revealing that the impact of technology on competitiveness could accelerate with the contribution of the financial sector. In addition, findings reflecting the fact that the foreign trade which has been strengthened via technical development increases the competitive power show that the level of globalization has a contribution to this process, also. It has been observed that securing the property rights and applying the effective patent regimes leads to competitive advantage, and the economic integration process of the European continent has strengthened the competitive force.

2012 ◽  
Vol 10 (H16) ◽  
pp. 478-479
Author(s):  
Patrick Michel ◽  

AbstractNEOShield is a European-Union funded project coordinated by the German Aero-space Center, DLR, to address near-Earth object (NEO) impact hazard mitigation issues. The NEOShield consortium consists of 13 research institutes, universities, and industrial partners from 6 countries and includes leading US and Russian space organizations. The project is funded for a period of 3.5 years from January 2012 with a total of 5.8 million euros. The primary aim of the project is to investigate in detail promising mitigation techniques, such as the kinetic impactor, blast deflection, and the gravity tractor, and devise feasible demonstration missions. Options for an international strategy for implementation when an actual impact threat arises will also be investigated.The NEOShield work plan consists of scientific investigations into the nature of the impact hazard and the physical properties of NEOs, and technical and engineering studies of practical means of deflecting NEOs. There exist many ideas for asteroid deflection techniques, many of which would require considerable scientific and technological development. The emphasis of NEOShield is on techniques that are feasible with current technology, requiring a minimum of research and development work. NEOShield aims to provide detailed designs of feasible mitigation demonstration missions, targeting NEOs of the kind most likely to trigger the first space-based mitigation action.Most of the asteroid deflection techniques proposed to date require physical contact with the threatening object, an example being the kinetic impactor. NEOShield includes research into the mitigation-relevant physical properties of NEOs on the basis of remotely-sensed astronomical data and the results of rendezvous missions, the observational techniques required to efficiently gather mitigation-relevant data on the dynamical state and physical properties of a threatening NEO, and laboratory investigations using gas guns to fire projectiles into asteroid regolith analog materials. The gas-gun investigations enable state-of-the-art numerical models to be verified at small scales. Computer simulations at realistic NEO scales are used to investigate how NEOs with a range of properties would respond to a pulse of energy applied in a deflection attempt. The technical work includes the development of crucial technologies, such as the autonomous guidance of a kinetic impactor to a precise point on the surface of the target, and the detailed design of realistic missions for the purpose of demonstrating the applicability and feasibility of one or more of the techniques investigated. Theoretical work on the blast deflection method of mitigation is designed to probe the circumstances in which this last line of defense may be the only viable option and the issues relating to its deployment. A global response campaign roadmap will be developed based on realistic scenarios presented, for example, by the discovery of an object such as 99942 Apophis or 2011 AG5 on a threatening orbit. The work will include considerations of the timeline of orbit knowledge and impact probability development, reconnaissance observations and fly-by or rendezvous missions, the political decision to mount a mitigation attempt, and the design, development, and launch of the mitigation mission. Collaboration with colleagues outside the NEOShield Consortium involved in complementary activities (e.g. under the auspices of the UN, NASA, or ESA) is being sought in order to establish a broad international strategy.We present a brief overview of the history and planned scope of the project, and progress made to date.The NEOShield project (http://www.neoshield.net) has received funding from the European Union Seventh Framework Program (FP7/2007-2013) under Grant Agreement no. 282703.


2019 ◽  
Vol 56 (3) ◽  
pp. 36-39
Author(s):  
Nadezhda A. Kasavina ◽  

The whole problem under our collective investigation, as I view it, is about understanding the human situation in terms of the impact of technology. The union of science and technology still resides within the limits of a “practical anthropocentrism” (Marsel G.), that is increasing satisfaction of human needs. An advancement in science and technology is accompanied by the desacralization of culture and the crisis of humanism. An awareness of the growing environmental, cultural, existential problems leads to the necessity to shift the vectors of scientific inquiry and technological development. In this process, the role and mission of the humanities is an articulation and promotion of human perspectives of science and technological progress. The humanities’ mission consists in attracting attention of scientists and society to humanizing technology and its aiming not only towards the growth of power over nature, but also to the making of a new relationship to the humans, to solving global problems.


2018 ◽  
Vol 54 (2) ◽  
pp. 99-109
Author(s):  
Jakub Borowski ◽  
Jakub Olipra ◽  
Paweł Błaszyński

Abstract The decision of the United Kingdom (UK) to leave the European Union (EU) is unprecedented, especially considering the recent trend in the global economy toward economic integration. There is a multitude of research concerning the implications of economic integration; however, research in the field of disintegration is scarce. Brexit serves as an interesting case study to investigate the effects of economic disintegration. The implications for trade are especially fascinating as trade liberalization is one of the most important benefits of economic integration. Existing studies focus mainly on Brexit’s impact on the UK’s exports and imports, while less attention has been paid to Brexit’s effects on the trade of other countries. The main objective of our research is to estimate Brexit’s influence on Polish exports. We present several possible scenarios of future trade relations between the UK and the EU and assume that, at least in the nearest-future post-Brexit scenario, trade under the World Trade Organization rules is most likely. This will result in the imposition of tariffs on trade between the UK and the EU members, including Poland. In our research, we used the real exchange rate of the Polish zloty against the British pound as a proxy for the changes in price competitiveness of Polish exports due to the imposition of tariffs. We find that in the first year after Brexit, the dynamics of Polish exports to the UK will decrease due to the imposition of customs duties by 1.3 percentage points (pp) and by 0.1 pp when it comes to total Polish exports. This paper contributes to the discussion on the effects of disintegration on trade. We propose a new method for assessing changes in trade volume due to increase of trade barriers.


Author(s):  
Bogdan Ilut

<p>In the last decade the European integration process was the main focuses of the European Union, as its completion could bring a huge step toward a fully integrated European Union. As the banking sector is the main channel for funding of the European economy, it has become now more clearly than ever that is integration is of the up more essence. The aim of this paper is to quantify the progresses registered by the main European Union’s economies in the process of banking integration, as their example is generally followed by the other member states. First we underline the necessity of the European integration and the progress made using an extended literature review doublet by an analysis of the main indicators for the banking systems of these countries. We also present, in a non-exhaustive way, the main trends that have characterised the banking sectors of these countries in the last decade: diversification, vertical product differential and consolidation underlying their impact on the sectors architecture.</p>


2020 ◽  
Vol 4 (1) ◽  
pp. 41-50
Author(s):  
Juliana Gjinko

Nearly thirty years after the fall of communism in Albania, European integration has been the main driving force for change and the real catalyst for reform. Today, a vast majority of Albanians continue to be convinced that the only way to develop, modernize and guarantee security is a full integration into the European family. The problem is not simply the duration of such an intermediate phase between obtaining candidate status and a full membership of the European Union. In fact, Albanians themselves are increasingly aware that the road to full membership of the European Union will be long, and that it will require a series of major and profound changes in the country, especially in the areas of the rule of law and functioning of institutions, along with implementing various standards that a society must meet in order to achieve this goal. The aim of this paper is to analyze Albanian use and abuse of the EU integration process in internal political discourse, reforms and transformation. A number of documents, publications and public speeches are examined in order to evaluate the impact of integration in this small, developing, post-communist country.


Author(s):  
David Allen

This chapter examines the history of the United Kingdom’s relationship with the European integration process. Britain’s relations with the European Union is characterized by partial Europeanization. The British ruling elite, especially the civil service, has been Europeanized. However, the political parties have been beset by internal divisions on European integration, while the British public has not been supportive of integration. The chapter first provides an overview of the UK’s European diplomacy before discussing the impact of Europeanization on British politics. It then considers the differing levels of accommodation with European integration and the changes that have accompanied the coming to power in 2010 of the Conservative–Liberal Democrat coalition after a lengthy period of Labour rule (1997–2010). The chapter concludes by comparing the UK’s experience with those of fellow member states Ireland and Denmark.


2011 ◽  
pp. 161-183
Author(s):  
Ian Robinson

Three basic types of democratic critique have been levelled against "neoliberal" economic integration agreements such as the NAFTA and the Single European Act. One type holds that the institutions created to oversee the integration process are deficient on democratic grounds. This paper summarizes and evaluates this type of democratic critique. It is argued that allegations that the European Union suffers from a "democratic deficit" are not very convincing. However, criticisms of the lack of openess and due process in neoliberal dispute resolution processes are more persuasive. Arguments for a treaty ratification process that includes a referendum are also convincing.


2011 ◽  
Vol 60 (3) ◽  
pp. 713-736 ◽  
Author(s):  
Stephanie Switzer ◽  
Joseph A McMahon

Governments intervene in the energy sector using a variety of measures to pursue a range of objectives, from security of supply and energy efficiency to environmental protection. Recent concerns about the impact of fossil fuels on climate change have resulted in the increasing promotion of biofuels as an alternative to oil. While worries exist with regard to the environmental impact of biofuel production in ecologically sensitive areas, it has been argued that with an effective regulatory framework to promote sustainable production, biofuels could provide a mechanism to provide energy security in an environmentally positive way.1 The interest of the European Union (EU) in the promotion of biofuels production is a relatively recent phenomenon and it is now the world's largest producer of biodiesel and the fourth largest producer of bioethanol. At its most basic level, the promotion of biofuels as an alternative to fossil fuels is part of a wider EU effort to support the use of renewable energy. The promotion of renewable energy is traceable to a number of goals, a central one of which is ensuring security of energy supply.2 Other policy goals supported by the promotion of renewable energies include reducing greenhouse gas emissions associated with climate change, decreasing dependence upon imported oil, the promotion of technological development as well as regional and rural development and employment.3


2018 ◽  
Vol 13 (1) ◽  
Author(s):  
Ibrahim Jawad Kadhim ◽  
Zahra Mohamed Mosa

due to the major technological development happened in the last 20 years, technology had great role in changing the architectural constants and classifying its priorities. Many studies focused on technology notion and its application in architecture. But they did not focus on the rule of technology to realize Human reliance on internal and external spaces in which the people spend most of their time in.The information technology with its developments has great impact on actions & behaviors of human beings. Here the research idea in “Lack of sufficient scientific knowledge about the impact of technology of virtual reality to achieve the existential nature of the personality in virtual space. The search aimed to discuss "Clarifying the role of virtual reality technology to establish an internal virtual theoretical framework of space which seeks to achieve human existential lost in realistic space achieving the goal required having Comprehensive theoretical framework .This theoretical framework as a first stage of theoretical framework .The second stage of tries to clarify the main levels of the practical study to clarify truth fullness of indicators achieved through out:selecting items of theoretical framework. The final conclusions of the research which include theoretical framework conclusions, application results conclusions.


Politeja ◽  
2020 ◽  
Vol 17 (3(66)) ◽  
pp. 67-77
Author(s):  
Marta Labuda

The Ukrainian Crisis as a Challenge for Development of Economic Relations between Ukraine and European Union The present article is an attempt to look at European economic integration in terms of the Ukrainian crisis that not only Ukraine, but the entire area of Eastern Europe and the European Union must deal with. The purpose of the research is to demonstrate the impact of the Ukrainian crisis on economic integration of Ukraine with the EU. The research has been based on a mixed methodology due to the interdisciplinary subject of the article. The sequential exploratory strategy has been used. The research proves the Ukrainian crisis contributes to the trade exchange instability and causes disruptions in capital cooperation between the EU and Ukraine. The serious crisis shows how important a solid policy is to integrate this country with the EU.


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