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Common Foreign and Security Policy: Can the Big Three Be Harnessed?

Common Foreign and Security Policy: Can the Big Three Be Harnessed?

Author(s): Dorota Liszczyk / Language(s): English Publication Year: 0

It has never been the EU’s goal to create a fully-integrated foreign and security policy that could substitute in whole or in part for national foreign policies. Compared to other EU policies as well as domestic foreign and security policies, CFSP remains a phenomenon in itself. For years treated as an experiment, integration within the area of foreign and security policy was initially developed outside the European Community structures and still today CFSP remains a “common policy” in name only. The policy uniqueness results also from its distinctive financing system as the Treaty on the European Union excludes the possibility of using the EU budget to finance European operations with military or defence implications. Such expenses are to be borne by the Member States. Yet, the reason for developing CFSP is nevertheless strictly connected with the integration process in other areas of EU activity. This means that this area of cooperation directly benefits from the broader integration dynamic—especially the economic sphere—in which stronger integration raises expectations of a coherent foreign policy dimension.

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Visegrad Four Cooperation: Sufficient Reason for Its Existence?

Visegrad Four Cooperation: Sufficient Reason for Its Existence?

Author(s): Dariusz Kałan / Language(s): English Publication Year: 0

When, almost 30 years ago, Timothy Garton Ash asked in the title of his famous essay “Does Central Europe exist?,” he only exposed the more general attitude of Western societies, for whom everything east of Germany was an indefinite blank spot on the map; the area ironically described by Czesław Miłosz as “Ubi leones land.” Today, however, Central Europe, after its great changes in 1989, 1999 and 2004, has been undoubtedly promoted to become a recognised part of the Western world, having its own strong political and cultural identity that seems to be more and more attractive for foreign observers. Having established that Central Europe actually exists, then, it is now necessary to ascertain what it actually is.

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Opening Words

Opening Words

Author(s): Maciej Witucki / Language(s): English Publication Year: 0

In 2008 French President Nicolas Sarkozy signed a Strategic Partnership Agreement with the late Lech Kaczyński. Both countries committed to enhanced cooperation in the political, economic, social and cultural field in bilateral and EU relations and also to collaboration at the NATO level. In 2012, the new President of the Republic François Hollande completed his first official visit to Poland. World politics have changed significantly over the last four years, and the French political scene has reflected the turmoil of our times. France remains a leading foreign investor in Poland. French business ranks highly in the Polish economy—the capital of Seine-based companies accounts for around 13–16% of total foreign capital. French direct investment in Poland (according to various estimates) currently reaches €15 billion.

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PODPORA VÝZKUMNÝCH AKTIVIT V CESTOVNÍM RUCHU Z GRANTOVÝCH NÁSTROJŮ EU

PODPORA VÝZKUMNÝCH AKTIVIT V CESTOVNÍM RUCHU Z GRANTOVÝCH NÁSTROJŮ EU

Author(s): Ondřej Repík / Language(s): Czech Publication Year: 0

The article deals with the support of research activities in tourism from public resources with an emphasis on European Union grant frameworks. In general, public support of tourism is quite often subject of expert debates and support of tourism research is no exception. Just as there are significant economic and social impacts of tourism, discussions about its support are similarly alive. However, most authors agree that tourism research is essential and strongly influences its further development, actor behavior and the form of tourism institutions. Basis of this article consists of summarizing the main findings from analysis, if there are opportunities for funding research activities from EU grant instruments and what are the conditions for obtaining them. Article also summarizes the main opinions and approaches that are expressed in expert literature. The aim of this article is to summarize information on possibilities of supporting research in tourism and to start professional discussion on whether this support is provided in an adequate level and whether it is necessary at all. In the text of this article there were used induction-deductive methods, methods of comparison, description, abstraction and analogy.

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Evaluation of the Turkish Economy in the Framework of Macroeconomic Indicators During the Covid 19 Pandemic

Evaluation of the Turkish Economy in the Framework of Macroeconomic Indicators During the Covid 19 Pandemic

Author(s): Hasan Alpago / Language(s): English Publication Year: 0

The COVID 19 pandemic has reshaped the social and economic life on a regional and country basis as well as globally and opened the doors of a new era. In this period, especially working at home or at home and digital working methods pioneered the establishment of a new type of life in business and social life by using the developing technology. In this process, while state regulations gained weight especially in the economy and social life, the internet and social media in private life took an important place in the daily lives of individuals and started a new era.

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Türkiye’de Genç İşsizliğin Bazı Makro Ekonomik Göstergelerle İlişkisi

Türkiye’de Genç İşsizliğin Bazı Makro Ekonomik Göstergelerle İlişkisi

Author(s): Serhat Alpağut / Language(s): Turkish Publication Year: 0

The rate of young unemployment in Turkey has been increasing in recent years. Young unemployment is an important component of economic growth. Therefore, the determination of macroeconomic factors affecting it is of great importance in determining economic policies to be applied to prevent unemployment and increase employment. For this reason, the study was analyzed by ARDL method for the 1991 and 2020 data period. The results are that the increases in national income in the short term decrease young unemployment. In the long term, it has been found that inflation and increases in national income reduce youth unemployment, and increases in the exchange rate increase youth unemployment. The results are consistent with the literature and theory. Although the effects of the exchange rate on general unemployment have been studied extensively in the literature, the relationship between youth unemployment and the exchange rate has been the subject of this study for the first time as far as it can be determined. In this context, it is aimed to ensure contribute to the literature. It is thought that this positive relationship between the exchange rate and youth unemployment should be taken into account in employment policies.

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Beşeri Sermaye, Kamu Harcaması ve Ekonomik Karmaşıklık İlişkisi: Nedensellik Analizi

Beşeri Sermaye, Kamu Harcaması ve Ekonomik Karmaşıklık İlişkisi: Nedensellik Analizi

Author(s): Ayşe Arı / Language(s): Turkish Publication Year: 0

In this study, we investigated the impacts of human capital and public expenditures on economic complexity. For this aim, Dumitrescu and Hurlin (2012) causality test was used. We used the data of 6 countries (Denmark, Finland, Austria, Italy, Sweden, England) among 15 European Union countries and the years from 2000 to 2015. In the study, 2 variables were preferred as the human capital indicator. Considering the secondary school enrollment rate to represent human capital, a bidirectional causality relationship was found between economic complexity and human capital. When the he ratio of highly educated labor force was applied to represent human capital, one-way causality from educated labor force to economic complexity was determined. Similarly, two variables were used to analyze the effect of government expenditures on economic complexity. The first one is the sum of government education and health expenditures. The second variable is total government expenditure. Results of the analysis showed that there is a one-way causality running from government expenditure to economic complexity for both variables. As a conclusion, it is seen that knowledge and education are important in exporting complex products. In addition, it can also be stated that authorities can contribute to economic complexity by increasing public expenditures. In sum, policies implemented in order to encourage human capital and increase public expenditures may positively affect the production and export of technology and knowledge-intensive products.

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Tüketici Güven Endeksi, Politika Faizi ve Bist100 Endeksi Arasında Fourier Nedensellik İlişkisi: Türkiye Örneği

Tüketici Güven Endeksi, Politika Faizi ve Bist100 Endeksi Arasında Fourier Nedensellik İlişkisi: Türkiye Örneği

Author(s): İbrahim Sezer Belliler,Ahmet Demiralp / Language(s): Turkish Publication Year: 0

In this study, the short-term causality relationship between consumer confidence index, policy rate and BIST100 index was investigated in Turkey. Using monthly data between 2011:01-2023:01, Enders and Jones (2016) Fourier Granger Causality analysis and Nazlıoğlu et al. (2016) Fourier was analyzed using Toda-Yamamoto Causality analysis. As a prerequisite for the Fourier Granger causality analysis, the stationarity of the variables was examined with the ADF unit root test. As a result of the analysis, a one-way short-term causality relationship was found from consumer confidence index to policy rate and from BIST100 to consumer confidence index.

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ZMĚNA INVESTIČNÍCH NÁKLADŮ REGIONÁLNÍCH ROZVOJOVÝCH PROJEKTŮ

ZMĚNA INVESTIČNÍCH NÁKLADŮ REGIONÁLNÍCH ROZVOJOVÝCH PROJEKTŮ

Author(s): PETR HALÁMEK / Language(s): Czech Publication Year: 0

The aim of the paper is to verify whether there is an increase in the amount of investment costs in regional development projects between the time of decision and completion of implementation. This assumption was not confirmed in the evaluated set of 911 projects implemented with the support from the Regional Operational Programme South-East in 2008-2015 in the South Moravian Region and the Vysočina Region. The average difference in investment costs is -3.7%, it means decrease of the investment costs. In terms of the identification of causes, only a slight dependence on the length of implementation was documented. Dependence on investment volume for projects up to CZK 100.0 million was not confirmed. The largest increase in investment costs was documented for projects implemented by the private sector (average increase in investment costs by 17%). A likely cause is the effort of the private sector to maximize the use of subsidies.

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UNEXPECTED METAMORPHOSIS: EU EMBARKS ON AN AMBITIOUS POLICY IN ITS EASTERN NEIGHBOURHOOD

UNEXPECTED METAMORPHOSIS: EU EMBARKS ON AN AMBITIOUS POLICY IN ITS EASTERN NEIGHBOURHOOD

Author(s): Elżbieta Kaca,Aleksandra KOZIOŁ / Language(s): English Publication Year: 0

For many years, the EU’s policy towards its eastern neighbourhood lacked transformative potential. The main reason for this was the absence of an ambitious offer for the region, including the prospect of membership or support in military field. Deep divergences in the EU Member States’ perception of Eastern policy lay behind it. Many of them held the policy that, to maintain stability in Europe, Russia should be involved in cooperation at the political and economic levels while the Euro-Atlantic aspirations of neighbouring countries should be tempered. Russia’s invasion of Ukraine on 24 February 2022 was a breakthrough in the EU’s Eastern policy. The new approach manifests itself in the withdrawal from cooperation with Russia in key sectors and the imposition of unprecedented sanctions aimed at maximising its costs of waging war, military support for Ukraine, as well as giving EU accession prospects for countries such as Moldova and Ukraine. In light of the criminal nature of the Russian aggression, the EU’s activity in the East will be a key element of its foreign policy for years to come.

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CHINA: END OF ILLUSIONS AND CONFRONTATION WITH THE WEST

CHINA: END OF ILLUSIONS AND CONFRONTATION WITH THE WEST

Author(s): Marcin Przychodniak / Language(s): English Publication Year: 0

China’s reaction to the Russian invasion of Ukraine was closely followed by the political leaders of many countries, experts, and the general public. China’s disingenuous attitude of, on the one hand, calling for peace, while, on the other, supporting Russia economically and diplomatically, obscured the sealing of a breakthrough in Chinese foreign policy. After years of development based on closer economic cooperation with the West, China is turning inward and challenging the West to defend the rules-based international order, perceived by Chinese political elites as a threat to their power in the long term.

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NO CHANGE? THE U.S. FOCUS ON CHINA AND AMERICAN POLICY ON RUSSIA

NO CHANGE? THE U.S. FOCUS ON CHINA AND AMERICAN POLICY ON RUSSIA

Author(s): Marcin Terlikowski / Language(s): English Publication Year: 0

Just over a year before the Russian full-scale invasion of Ukraine, in January 2021, it was the transition of power in the U.S. that was broadly seen as the most important change in world politics. The incoming president, Joe Biden, was expected to reverse Donald Trump’s policies on international security, trade, and climate change. Perhaps the greatest expectations were coming from Europe. It was hoped that Biden, unlike Trump, who questioned the U.S. commitment to NATO and the relevancy of the Alliance itself, would reaffirm America’s pledge to defend its European allies under Art. 5 of the North Atlantic Treaty and seek deepened transatlantic cooperation on key issues.

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PROBLÉMY, VÝVOJOVÉ TRENDY A INVESTIČNÍ POTŘEBY MALÝCH MĚST V ČESKÉ REPUBLICE

PROBLÉMY, VÝVOJOVÉ TRENDY A INVESTIČNÍ POTŘEBY MALÝCH MĚST V ČESKÉ REPUBLICE

Author(s): Jiří Ježek,Renáta Ježková / Language(s): Czech Publication Year: 0

In the last more than ten years, interest in the phenomenon of small towns has increased. The aim of the article is to identify development problems, future trends and investment needs of small towns in the Czech Republic depending on their location in relation to large cities and metropolitan regions. The results are based on a questionnaire survey of 184 small towns. The most important problems that small towns solve today include transport infrastructure, parking options, housing. In addition, small towns in a peripheral location also solve job opportunities. The biggest problem of public services is the provision of medical and hospital care. According to the representatives of municipalities, the future of small towns will be determined primarily by the aging of the population, the departure of young, educated and entrepreneurial people and the decline in population. The main investment needs include the revitalization of urban centres, housing, transport and mobility. The results of the questionnaire survey showed that small towns in the Czech Republic are a very heterogeneous group of settlements. The assumption that small towns in peripheral regions have significantly different needs than towns in a central location has not been confirmed. They differ rather in the degree of problem, respectively urgency of their solution. Their political support needs to be approached individually and such support programs need to be created that will enable the implementation of integrated strategies.

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Makroekonomik Kuramlar ve Ekonomik Sistemler

Makroekonomik Kuramlar ve Ekonomik Sistemler

Author(s): Hasan Alpago / Language(s): Turkish Publication Year: 0

In the globalizing world economy, a controlled free market mechanism dominates under the auspices of the state. This mechanism is based on an economic and political system in which property, commerce and industry are controlled by private owners rather than the state for profit. However, as seen during the COVID 19 pandemic process, the state needs to step in as a regulator in case the private sector loses its functions partially or completely due to economic, health, legal and security-related problems. On the other hand, macroeconomic theories are based on the development of a balance and sustainable policy at the point of meeting the endless needs of scarce resources. These macroeconomic theories are shaped in the light of liberal and socialist ideas. However, both liberal and socialist macroeconomic policy practices have been the subject of intense criticism in every period. In addition, as the economic and social developments in the world have gained a global dimension, Keynesian mixed macroeconomic models are gaining weight instead of purely liberal or socialist macroeconomic policies. Due to this importance of the subject, liberal and socialist macroeconomic theories are examined with a comparative analysis in this study. Thus, whether these theories are alternative, complementary or contradictory to each other has been evaluated within the framework of their common aspects and basic differences. These evaluations suggest making a conscious choice in the economic policy-making process. Since the subject has been comprehensively evaluated with a wide literature review and a descriptive evaluation in the study, it foresees to make an important contribution to the field.

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Привилегиите на висшата номенклатура и етническият мир в България през тоталитаризма

Привилегиите на висшата номенклатура и етническият мир в България през тоталитаризма

Author(s): Georgi Lyubenov Manolov / Language(s): English,Bulgarian Publication Year: 0

This paper examines the problem of political privileges of the top nomenklatura in totalitarian Bulgaria (1945-1989) and their impact on ethnic peace in the country. A detailed analysis is made of these privileges, which extended into absolutely all social spheres and served the upper echelon of the nomenklatura. A plethora of facts, data and evidence of their illegitimate (and legitimate) and unjust nature in the society are brought forth. The main damage done by the privileges on the ethnic peace in the country is also analyzed in the context of the alienation and demoralization of the political elites of the time.

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Artificial Intelligence, Economic Growth and the end of the Free Market

Artificial Intelligence, Economic Growth and the end of the Free Market

Author(s): Miroslav Kamdzhalov / Language(s): English Publication Year: 0

Artificial Intelligence occupies the minds of scholars, researchers and curios people. In the economic context, there are numerous topics concerning Artificial Intelligence to think about. Implementation of such disruptive technology will presumably increase economic growth as a whole. Looking at the details, we cannot conclude unambiguously that this will happen in a proper manner. This article will try to look beyond the current development of artificial intelligence applications. These days, we use more and more of them. There are numerous fields of applications of Artificial Intelligence such as natural language processing, machine learning, problem-solving, uncertain knowledge, robotics, etc. Meanwhile, our world still does not have the full-fledged Artificial Intelligence, one who can substitute man. When this happens, there will be a completely different society with new economic and social policies. This study attempts to figure out what could be the probable outcomes of Artificial Intelligence on economic theory and practice. In order to achieve this, content analysis, induction, and deduction have been applied.

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GOOD PRACTICES IN THE IMPLEMENTATION OF COHESION POLICY: THE CASE OF CENTRAL AND EASTERN EUROPEAN COUNTRIES

GOOD PRACTICES IN THE IMPLEMENTATION OF COHESION POLICY: THE CASE OF CENTRAL AND EASTERN EUROPEAN COUNTRIES

Author(s): Adina Dornean,ISABELA-FLORENTINA IRIMIA / Language(s): English Publication Year: 0

The EU enlargement process is accompanied by a series of differences between EU member states regarding economic development. In this context, the efficient implementation of cohesion policy has become more necessary in order to reduce the disparities between countries and between different areas and regions in the same country. This paper aims to analyze the effects of cohesion policy in the Central and Eastern European (CEE) countries for the 2014-2020 programming. Based on the data provided by the European Com-mission, the Romanian Fiscal Council, Eurostat and Cohesion Open Data Platform, we investigate the impact of the cohesion policy by analyzing the use of European Structural and Investments (ESI) Funds, the member states capacity to attract and retain the ESI Funds, including the absorption rate in general, but also in an economic environment affected by the COVID-19 pandemic. The research showed that the impact of cohesion policy has proven to be positive in the analyzed countries, with positive results in the field of infrastructure, research and innovation, education, health, environment and the competitiveness of SMEs. These positive results also led to a continuous increase of GDP per capita throughout the 2014-2020 programming period.

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EUROPE AT A CROSSROADS: AN ANALYSIS OF CURRENT AND FUTURE CHALLENGES WITH A HISTORICAL PERSPECTIVE

EUROPE AT A CROSSROADS: AN ANALYSIS OF CURRENT AND FUTURE CHALLENGES WITH A HISTORICAL PERSPECTIVE

Author(s): GILLES GRIN / Language(s): English Publication Year: 0

Europe stands at a crossroads. The purpose of this essay is to analyse key current and future challenges faced by the EU with a historical perspective. I shall address successively political and geopolitical issues, economic issues, and the question of EU widening and deepening.

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STRENGTHENING THE STABILITY OF THE BANKING SECTOR OF GEORGIA VIA EU STANDARDS

STRENGTHENING THE STABILITY OF THE BANKING SECTOR OF GEORGIA VIA EU STANDARDS

Author(s): MARINE KHUBUA / Language(s): English Publication Year: 0

The contribution of the banking sector in a sustainable development of Georgia is high. In order to increase the stability of the financial sector, strengthen its role and increase the efficiency of sustainable financing, it is important for the National Bank of Georgia to improve the supervisory mechanisms and the financial market through implementing the practices of the European Union. The article focuses on the structural features of the financial sector that contributes financial stability, the aspects of the Georgian economy, the social and environmental issues of the sustainable financing framework, the analysis of climate-related risks, the management of financial risks related to sustainability, the convergence of the Georgian banking legislation with the legislation of the European Union, the CRD IV package, the directives of the European Union and ways of implementing legal regulations, assessment of corporate governance and reporting system, improvement of audit quality.

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Prilagodba osječkih gospodarskih krugova na novonastale (ne)prilike (Osvrt na dva desetljeća nakon 1918.)
4.90 €

Prilagodba osječkih gospodarskih krugova na novonastale (ne)prilike (Osvrt na dva desetljeća nakon 1918.)

Author(s): Zlata Živaković-Kerže / Language(s): Croatian Publication Year: 0

As the years after 1918 passed under the clouds of economic instability, shortages, social and political upheaval Osijek’s economic spheres following the unification of the State of Slovenes, Croats, and Serbs with the Kingdoms of Serbia and Montenegro (1918) had to adjust their activities to new circumstances. Namely, the previous centres of Austro-Hungarian Monarchy (Vienna, Graz, Budapest, Pecs, Villany, Barcs, Trieste, etc.) to which they were linked by internal commercial, financial, and other ties were all of a sudden on the other side of the state’s boundaries, that is abroad, while the foreign territories of Serbia and Montenegro became domestic land. At the same time the establishment of the new state upon the demise of the Austro-Hungarian Monarchy required the resolution of problems tied to the transit of goods and the completion of commercial contracts with neighbouring countries, as well as the arrangement of taxation, transportation, customs, financial and other matters. All of this directly affected the interests of Osijek’s economic spheres which, despite a developed industrial base, trades, commercial sector and banking system, did not come to full fruition in the new state. The previous conditions of life changed because Osijek began to be left behind Zagreb. Nevertheless, even in the new conditions, due to Osijek’s favourable position along the Drava in terms of transport, a rather quick economic revival was guaranteed.

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