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"Sustainable development" as a label within business studies: What can be learned from a bibliometric analysis?

Author(s): Marija Cutura,Ivan Novak,Dijana Cavar / Language(s): English / Issue: 3/2017

In a modern society, the issues of sustainable development have evolved on different levels, from the new global frameworks over governmental policies to the new business models. In the 1980s, the term sustainable development emerged from the relationship between preserving the planet and meeting human needs (IUCN, 1980). The general idea behind the concept of sustainable development is to meet the needs of the present generation without compromising the ability of future generations to meet their own needs (United Nations General Assembly, 1987). As one of the main challenges in economics and business, the concept of sustainable development has also emerged in the wide area of business economics. The aim of this paper is to provide an extensive literature overview dealing with the concept of sustainable development within a field of business economics. For the purpose of the analysis a bibliometric approach with multiple correspondence analyses has been used on the Web of Science Core Collection database for the observed period of ten years. The results illustrate the importance of sustainable development as a topic, as well as wide range of approaches and variety of sub-topics linked to the concept of sustainable development in business and economics literature.

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(009) BEYOND DEPENDENCE: HOW TO DEAL WITH RUSSIAN GAS

Author(s): Pierre Noël / Language(s): English / Publication Year: 2008

The gas relationship with Russia has become an extremely contentious issue among EU Member States. It is a major reason for the EU’s failure to develop the common policy approach towards Moscow it so badly needs. Yet the relationship is often misunderstood. Russia is the largest external gas supplier to the EU, but it is far from a monopoly provider. Since 1980, Europe’s diversiﬁcation of its gas supply has seen Russia’s share of EU gas imports roughly halve, from 80% to 40%. Russian gas represents just 6.5% of the EU primary energy supply, a ﬁgure that has remained essentially unchanged over 20 years. And contrary to widely held belief, Russian gas exports to Europe are unlikely to increase signiﬁcantly in the foreseeable future. So calls for Europe to diversify its energy supply even further miss the point. The problem is divisiveness, not dependence. Russian gas is divisive because Europe’s gas market is dysfunctional and segmented. Most of the EU’s imports of Russian gas go to a few countries in western Europe, where supply is diversiﬁed, while several Member States in central and eastern Europe consume relatively little Russian gas but have no other external suppliers. Only the emergence of a single competitive European gas market can create real solidarity between consumers and ‘Europeanise’ the current large bilateral contracts between European importers and Gazprom.To address the speciﬁc concerns of central and eastern European Member States, the EU should build on the 2004 directive on security of supply in natural gas, and help these Member States devise and implement national action plans for gas security.

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(026) BEYOND MAASTRICHT: A NEW DEAL FOR THE EUROZONE

Author(s): Thomas Klau,François Godement,José Ignacio Torreblanca / Language(s): English / Publication Year: 2010

Europe’s Economic and Monetary Union has been an extraordinary achievement. But the events of 2010 have made it apparent that its political governance was designed for fair weather. Having reluctantly taken the first steps this year, European leaders must now make it storm-proof. The move to an agreement to establish a permanent European Stability Mechanism (ESM) to replace the EFSF in 2013 represents a fundamental and encouraging change in the approach of European leaders to the future of the eurozone. But the new model of eurozone governance currently envisaged by the EU, which is based once more on the Maastricht Treaty, will be vulnerable to failure for the same reasons as its predecessors. If Europe wants to remain a serious player and help shape the twenty-first century, it should instead go beyond Maastricht and finally build a monetary and economic system strong enough to last. There are at least three other solutions – Eurobonds, a euro-TARP and an expansion of the federal budget. Yet each of them is opposed above all by Germany, the eurozone’s dominant power, which feels its robust growth vindicates its own economic model even though its political model for a rule- and sanctions-based governance of the eurozone looks to have failed. Europe now faces a choice between a future of permanent tensions within the EU and a new grand bargain. Europe needs clearheaded, forward-looking German leadership that would anchor a European Germany in a more German Europe.

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(045) SAVING THE EURO: WHAT’S CHINA’S PRICE?

Author(s): François Godement / Language(s): English / Publication Year: 2011

Although Europe needs external lending and the show of confidence it brings, its attempt to persuade China and other emerging economies to enlarge the resources of the EFSF is likely to bring only limited results. However, there are various other scenarios under which China and other investors may lend to Europe. The best case scenario from Europe’s point of view is that it would increase the lending capacity of the EFSF or the ECB and turn them into a super borrower and lender. But this scenario is unlikely to become a reality because it requires a “big bang”-like reinvention of European public finance for which there is no commitment. More likely is that the ECB will underwrite a new IMF fund dedicated to the support or rescue of European member states. This would mean a larger Chinese contribution in IMF decisionmaking. Alternatively, China could seek to lend to Europe in renminbi, thus transferring the exchange risk to the European borrower. Such a deal would also offer China an unprecedented guaran-tee against any depreciation of the euro. Finally, the euro could collapse altogether and the IMF could be called in – the worst case scenario. In any case, Europe should acknowledge the interdependence between it and China and therefore its need for external capital.

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(YUGOSLAVIA'S) EXPORTS OF SHIPS

Author(s): Author Not Specified / Language(s): English / Issue: 15/1963

The importance of maritime shipping has increased so much since the Second World War, that the natural result has been an intensive development in shipbuilding all over the world. In the last ten years preceding the war, the volume of maritime transport grew at an average annual rate of 1 per cent, as compared with 6 per cent in the post-war period (up to 1961). According to Lloyd’s Register, in 1931 the total tonnage of the world merchant fleet amounted to 68,722,000 GRT (index figure 100) as against 135,916,000 GRT in 1961 (index figure 198).

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14th EU-India Summit in New Delhi Strengthens Partnership

Author(s): Patryk Kugiel / Language(s): English / Publication Year: 2017

The EU-India Summit in New Delhi on 6 October showed an increasing convergence of views on major regional and global issues and boosted the strategic partnership established in 2004. Yet, the lack of a breakthrough in negotiations of the Broad-based Trade and Investment Agreement (BTIA) proves it remains a major challenge, along with the negative effects of Brexit, on EU-India relations. If the negotiations are protracted, the EU may consider a separate deal on investments alone. Poland should consider more actively participating in shaping EU policy on India and using existing mechanisms of dialogue to strengthen its bilateral cooperation.

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20 Years of WTO – Effects of Its Activity and Perspectives of Its Functioning in the Context of Proliferation of Regional Agreements in the World Trade

Author(s): Elzbieta Majchrowska / Language(s): English / Issue: 3/2016

The 20th anniversary of the World Trade Organization (WTO) activity celebrated in 2015 has provoked to the analysis and summary of effects of its activity within this period, especially as far as the consequences of the world economic crisis 2008+ are concerned. It is also important in the context of the WTO’s role as the main negotiation forum in the world trade. We may come across opinions that the WTO does not live up to the expectations of the international community, and that the effectively carried out process of trade liberalization has not been a match to the current situation in the world market. Beyond a shadow of a doubt, the last decade has not been the most successful period for the WTO and its position is currently much weaker than at the end of the last century. Still, it seems that a gradual creation of an open system of the global trade, based on common rules, having over 160 countries as its members, is a great achievement.

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2010: New challenges with new answers

Author(s): Mikuláš Dzurinda / Language(s): English / Publication Year: 0

At the beginning of the 2010–2014 term of the Government, we considered it inevitable to introduce and bring new quality and new dimension to our foreign policy; a valuebased approach to formulate our clear positions on particular issues.

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A breakthrough year in relations between Turkey and the European Union – an attempt to take stock

Author(s): Mateusz R. Chudziak,Krzysztof Strachota / Language(s): English / Publication Year: 2016

September 2016 marks the passing of one year has passed since the outbreak of the EU migration crisis which became the basis of unprecedented co-operation between Turkey and the EU. Paradoxically, although this co-operation in containing the crisis has proven surprisingly effective, the climate of Turkish-EU relations has significantly deteriorated. This situation comes in part as a result of internal tensions in Turkey (and within the EU). However, genuine changes in the power relations between Turkey and the EU have occurred and Turkey feels that issues it attaches importance to are not being appropriately addressed by the EU—the frustration this causes has been even more instrumental in the deterioration of relations. This shift in relations between Turkey and the EU also stems from Turkey’s aspirations to emancipate itself in its relations with the West; there has been an upward trend in this regard for years. The instruments the EU has so far been employing in order to put Turkey under pressure (above all the EU integration process) are losing their effectiveness, which is in stark contrast with Turkey’s emancipation and assertiveness. However, irrespective of the present and future inevitable tensions in Turkish-EU relations, Turkey’s aim is not to break off with the EU but to develop a new model of strategic relations which better serves its own interests. Despite the recent rapprochement with Russia, Ankara seems to be aware of a lack of alternatives to strategic co-operation with the EU and, more broadly, with the West.

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A captive island: Kaliningrad between Moscow and the EU

Author(s): Jadwiga Rogoza,Agata Wierzbowska-Miazga,Iwona Wisniewska / Language(s): English / Publication Year: 2012

The Kaliningrad region can be called a 'captive island', because of its specific geopolitical location - it is part of the Russian legal, political and economic space, yet it is geographically separated from the rest of the Russian Federation, and it is particularly open to co-operation with its neighbours in the European Union. Moscow is trying to compensate the region for its separation, offering it financial support and economic privileges.At the same time, it is sensitive to any potential challenges to Russia's territorial integrity - and the centre's desire for control over the region often limits the latter's potential for cooperation and internal development. This report presents the situation in the region, and is intended to help develop a model for its effective regional co-operation with its EU neighbours.

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A captured state? Moldova’s uncertain prospects for modernisation

Author(s): Kamil Calus / Language(s): English / Publication Year: 2015

There have been several significant changes on Moldova’s domestic political scene in the wake of the November 2014 parliamentary elections there. Negotiations lasted nearly two months and resulted in the formation of a minority coalition composed of two groupings: the Liberal-Democratic Party (PLDM) and the Democratic Party (PDM). New coalition received unofficial support from the Communist Party (PCRM), which had previously been considered an opposition party. Contrary to their initial announcements, PDLM and PDM did not admit the Liberal Party led by Mihai Ghimpu to power. Moreover, they blocked the nomination for prime minister of the incumbent, Iurie Leancă. Leancă has been perceived by many as an honest politician and a guarantor of reforms. This situation resulted in the political model present in Moldova since 2009 being preserved. In this model the state’s institutions are subordinated to two main oligarch politicians: Vlad Filat (the leader of PLDM) and Vlad Plahotniuc (a billionaire who de facto controls PDM).

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A CASE STUDY ON THE POTENTIAL BENEFITS OF CONSOLIDATION WITHIN TRANSPORT, LOGISTICS, AND FREIGHT FORWARDING CLUSTERS IN THE POMERANIAN REGION

Author(s): Jagienka Rzesny-Cieplinska / Language(s): English / Issue: 8/2016

This paper focuses on the advantages of the companies that act in cooperation/clusters, as an approach to prevent the possible gain of interest for competitive products. Companies operating in the forwarding, transportation, and logistics sector are seeking original methods to become competitive. Price has lost its importance when selecting transportation and logistics services providers. Nowadays, it is the quality of service rates that is considered most important, followed by reliability, flexibility, and the product range. We will examine the rest of the factors influencing customers’ choice of freight forwarding, transportation, or logistics operators, in this paper.

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A comparative analysis of the public deficits run by the old and new EU member states in the context of the global financial crisis

Author(s): Marius Sorin Dinca,Gheorghita Dinca,Ileana Tache / Language(s): English / Issue: 1/2011

The issues of government debt and deficits became a current component of the public finances of virtually all the countries in the world since the Great Depression in the 1930’s. The EU countries do not diverge from this picture and most of them display complex financial problems, in which consistent budgetary deficits have combined with negative net exports, with the ageing and pension system challenges and recently with the global financial crisis. In our paper we analyze the evolution of the public deficits run by the old and new EU member states, trying to identify their main causes and to propose several courses of action in order to control the deficits. We started with a structural analysis of the income side of the budget, especially for direct and indirect taxes, followed by a quantitative analysis of the growing deficits in the EU countries. We identified some widespread causes of the public deficits, such as the growing share of the public social expenditures and of the public wages, or the increase in public investments. Finally we presented some solutions for fiscal consolidation, which we think is essential in order to ensure the survival of the Euro and of the European Union.

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A Critical View to European Union as a Cosmopolitan Democracy: From an Outsider’s View

Author(s): Seyed Vahid Karimi / Language(s): English / Publication Year: 0

European Union is an advance institution. There is no other community to mach its political, economic and international weight. But as an outsider, I do not find it as a cosmopolitan democracy. There are two internal as well as one international reason to prove my argument. First of all there are two schools of thought within the EU, regarding its future direction. There are forces who believe that the political direction of the EU must be Atlantis. There are others who believe that the European Union must, in its political thinking, remain European minded, separate from whatever the American guideline is. The United Kingdom and its allies within European Union support the Atlantis view, where the French and its orbit allies believe that the European Union must be European. So, that means that the liberal forces are put versus the social welfare minded, within the European Union. The second critical view is with regard to the institution itself. The selection of the commission is doubtful, if the stronger and more powerful members of the European Union have the upper hand in its selection. The European Parliament is paralyzed in intervening over agricultural budget. The power of members by ‘qualify majority voting’ - QMV, makes collaboration among the stronger and more powerful members of the EU much easier.

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A Different Country. Russia’s Economic Resurgence

Author(s): Lucio Vinhas de Souza / Language(s): English / Publication Year: 2008

Russia is now once again one of the ten largest economies in the world (representing around 70% of Germany’s GDP in purchasing power parity in 2007). In addition, Russia is the third largest trading partner of the EU, the fourth largest trade partner of the eurozone and an essential energy supplier to the EU. This recovery makes Russia an economic – and political – actor that cannot be ignored. In this authoritative new book, Lúcio Vinhas de Souza, desk officer for Russia in the Directorate–General for Economic and Financial Affairs of the European Commission, reviews the country’s evolving macroeconomic performance and structural policy framework, from the difficult days of the recession in the early transition period and the 1998 crisis to Russia’s sustained and robust growth since 1999. He outlines the remaining reform priorities in Russia and concludes with pragmatic policy recommendations for the reform agenda.

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A European Democracy: Why and How?

Author(s): Phillipe C. Schmitter / Language(s): English / Publication Year: 0

While democracy in Europe took a very long time to emerge and consolidate itself, the democratization of Europe has only just begun and remains a rather remote prospect. The competing national states that composed this part of the world were originally autocratic – with the historical exception of Switzerland, which somehow continuously managed to practice its peculiar form of democracy. Indeed, Western Europe became uniformly democratic only in the mid-1970s with the regime changes in Portugal, Spain, and Greece. And parts of the former Soviet Union have still to institutionalize the accountability of its rulers by way of competitive processes of representation.

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A fair tax (system) or an ethical taxpayer?

Author(s): Tamás Bánfi / Language(s): English / Issue: s1/2015

An interpretation of fairness based on the equal sacrifice principle is not clear; three taxation rules can be derived from it. Instead of searching for a fair tax system, ethical behavior of the taxpayer should be expected and set as a target. Ethical taxation can be encouraged and the propensity to pay taxes could be reinforced by abolishing the secrecy of individual and family tax returns, setting restrictions on cash operations which are associated with corruption, and gradually eliminating tax havens and offshore areas.

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A feigned liberalisation: Russia is restricting Gazprom’s monopoly on exports

Author(s): Szymon Kardas / Language(s): English / Publication Year: 2013

An act restricting Gazprom’s monopoly in Russian gas exports came into effect on 1 December 2013. Previously Gazprom had had a legal guarantee to its monopoly position. The changes are an effect of consultations between various ministries that had been conducted for many months and were affected by lobbying from Novatek and Rosneft (Gazprom’s competitors on the domestic gas market); they need not, though, be seen as system changes. The ‘liberalisation’ they appear to bring in is feigned. Proof of this are found for example in both the limited material scope of the new law (it concerns only exports of liquefied natural gas, LNG) and the small number of the beneficiaries of the new regulations (the new solutions will be beneficial for Novatek and Rosneft). Contrary to initial announcements, the right to export LNG has not been restricted to South-Eastern Asian markets, which means that Russian liquefied natural gas is also likely to be sold to Europe in the coming years. Although these changes have been motivated above all by the individual interests of Gazprom’s competitors, they are also to a certain extent a response to the processes taking place on regional gas markets. They may, therefore, turn out to be beneficial for the state (increasing Russia’s share on the global LNG market and attracting foreign investors to gas extraction projects being implemented in Russia). The new regulations are probably the first step down the long road to breaking Gazprom’s monopoly in gas exports via the pipeline system.

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A logit analysis of development and democracy. The Romania's case

Author(s): Mihai Mutascu ,Anne-Marie Fleischer / Language(s): English / Issue: Spec/2011

The paper analyzes empirically, in Romania’s case, the relationship between economic development (dependent variable) and its political factors (independent variables). The analysis is based on the construction of a linear “Logit Model” and the data set is covering the period 1926- 2007. The main results show that, in Romania’s case, which the economy has an expansive and competitive market, the economic development, can be accompanied, by high levels of democratization, with high political stability, on a republican base, but this is not a rule.

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A magyar paradoxon – töprengések hosszú távú dilemmákról

Author(s): László Csaba / Language(s): Hungarian / Issue: 4/2016

This essay surveys the accomplishments and challenges of the post-2010 period in the Hungarian economy. It raises an intriguing question. How is that while the majority Government has attained all of its major objectives, this can hardly be said for society and the economy as a whole? In order to obtain an answer, we conduct a SWOT analysis, known from business studies, which summarises the Strengths, Weaknesses, Opportunities and Threats related to the economy. We discuss why being stuck in the middle income trap is a realistic fear for the coming decade.

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