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EN
The article discusses the evolution of trade policy in the capitalist economy of the post-war period. The presentation of this evolution in preceded by presentation of the main arguments of supporters of free trade and protectionism. Liberal and protectionist doctrines have been competing for a long time and they were winning recognition in turn in different countries depending upon the economic situation. In the post-war period we have been witnessing, as a rule, a strong trend towards liberalization of the world trade promoted by efforts of such organizations as GATT and the UNCTAD. Among others, as a result of endeavours of these organizations there appeared a modified doctrine of free trade called neoliberalism. Economic recession of 1974—1975 stopped this trend and today we can observe a return to protectionist policy.
EN
The article presents an attempt at answering a quest ion whether changes generated by the so- c al led "energy crisis " and consisting in a substantial rise in prices of raw materials, and especially crude oil prices are permanent or temporary. The situation in the field of raw materials has been analyzed against the background of the world economy. The author has also assessed the strategy of the OPEC cartel involving reduction of crude oil production and increasing its prices stating tha it provided temporary benefits for the oil producing countries but, simultaneously, it released a whole range of adaptative responses including economical consumption of fuels and raw materials, as well as a search for new technologies aimed at savings of raw materials and energy. The OPEC strategy became a catalyst accelerating structural trans formations, especially in the highly developed countries. These transformations encompass an enhanced role of modern manufacturing industries at the cost of extractive industries. Accordingly, we shall be dealing with declining significance of raw materials in the world economy.
EN
It was very easy to distinguish among the developing countries in the seventies a group of countries characterized with a high dynamics of industrial production growth and even higher dynamics of export growth. This group of countries known as newly-industrialized countries includes : Argentina, Brazil, India, Indonesia, South Korea, Malaysia, Mexico, Pakistan, Singapore, Taiwan and some other counties. The article is an attempt at evaluation of this phenomenon, its causes and prospects of its further development against the background of the economic situation in the world. The author points at dangers facing the Polish export, especially of the light ind ustry products, caused by growing competitiveness of exports from the above mentioned group of countries.
EN
The article contains an attempt at confronting transformations in the Polish trade with transformations occurring in the world economy. There have been accepted three areas of confrontation as the most significant for the Polish economic situation: raw materials market, problem of newly-industrialized countries, and institutional changes in the world trade. This has been supplemented by presentation of the most characteristic structural changes taking place in the world economy. The author comes to the conclusion that changes occurring in the Polish foreign trade, regardless of their causes, are divergent in relation to the world trends. It leads ultimately to deterioration of Polands position in the international division of labour. There must be effected changes convergent with the trends observed in the world economy and the world trade, and, thus, it becomes necessary to change the structure of the Polish export in the direction of diminishing the role of raw materials and products with a low degree of processing in favour of highly-processed products and products characterized by their high technological intensity.
EN
The author's main attention ie focussed on three essential characteristic features, which, to a large extent, account for structural changes in the capitalist economy. They include: progressive process of the economic life monopolization (industrial production, raw materials market, labour market), growing trends of inflationary price increase, and decreasing effectiveness of state intervention. All these mutually interrelated characteristics led to stagnation in the capitalist economy and to essential structural changes (reduction of economic growth rate and of international trade volume, growing role of developing countries, and especially OPEC countries).
6
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Instytucje rynku kapitałowego

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EN
The main aim of the article is analysis of the functioning of institutions on capital market in Poland. The first part of the article contains presentations of the controling institutions: the Securities and Exchange Commission and the National Deposit of Securities. In the second part the author has presend the market institutions: the Warsaw Stock Exchange and the polish over-the-counter-market. The article ends presentation of the servicing institutions: broker offices, investment banking and investment funds.
EN
The authors have made an attempt at evaluating long-term prospects for production and export of light-industry products against the background of structural changes taking place in the world economy and in the international trade. Two phenomena deserve special attenation here. First of all, the increased role played by developing countrlea as producers and, first of all, as exporters of light-industry products based on cheap labour and their own raw materials base in many cases. The processes of transferring labour-intensive production from highly developed to developing countries are becoming more and more intensified. A group of new and relatively big producers includes such countries as Hongkong, Taiwan, South Korea. Brasil etc. On the other hand, there occur substantial technological changes in the light industry, which consist in more economical use of raw materials and decreasing role of natural components being replaced by synthetic components.
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