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South African Politics after the Mangaung Conference

100%
Walentek D.
The Polish Quarterly of International Affairs
|
2015
|
issue 3
91-105
EN
The author delivers a perspective on the economic and foreign policy outlook for South Africa with respect to two events that determined the course of South African politics: the ANC conference in Mangaung and the 2014 general election. The motivation for this research is the importance of the ANC in relation to South African domestic politics and the foreign and economic policy, bearing in mind that the ANC has won all elections in South Africa since the end of Apartheid. The study is qualitative and the analysis is rooted in political realism, with the self-interest of individuals as the definitive factor. The author focused on factional tensions within the ANC and changes in South African political landscape. The key finding is that domestic politics in South Africa are more fragmented and polarised after the Mangaung conference. This is a result of the ANC abandoning nationalistic rhetoric. Nevertheless, the ANC’s supremacy in South African politics is unequivocal. South African economic policy will be directed towards business and foreign investors. Foreign policy will drift away from the “African solutions for African affairs” paradigm, and towards limited involvement. In the current global economic, climate South Africa will experience slow economic growth.
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Shale gas in Poland: An analysis of tax mechanisms and dynamic interactions

100%
Walentek D.
Journal of Economics and Management
|
2016
|
vol. 26
128-149
EN
This is a preliminary research into possible taxation mechanisms for firms that will be operating in the shale gas industry in Poland and potential market interactions between the incumbents and the entrants. The study places focus on the level of welfare and it includes a static and a dynamic analysis. The result of the former is that the lump sum tax is the first best of all considered tax mechanisms for the Polish shale gas from the welfare perspective. The second best option for taxation is a combination of the current CIT rate and a windfall profit tax. In respect to the dynamic analysis, the results suggest that Gazprom can remain the market leader in Poland even if the shale gas producers start to operate, due to the sequential character of the competition in the Polish natural gas market. Counterintuitively, it will not come at the expenses of the consumers in Poland and it can bring potential welfare gains.
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