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EN
The purpose of this article is to conduct a comparative analysis of the competitiveness of the EU and the US economies, in a systemic framework, that is, with respect to the main components of country’s economic system that determine its competitiveness. The analysis is based on the systemic framework of economic competitiveness and growth, developed by T.J. Hämäläinen. The analysis of the available data indicates that the US achieved better results in six of the seven study areas, that is: 1) productive resources; 2) innovation and diffusion; 3) organizational efficiency of the economic system; 4) product market characteristics; 5) institutional framework; 6) government policy and activities. As far as the EU is concerned, it has potentially bigger opportunities to benefit from the greater (than in the US) involvement of foreign investors on its market. However, this is not a factor that can compensate for the UE’s weaknesses in other areas. It will be extremely difficult to improve the international competitiveness of the EU without introducing significant changes, that is in particular, without significant improvement of the organizational efficiency and without – even partial – resignation from (so characteristic for the EU member states) policy of maintaining high government spending (in relation to GDP).
EN
The global financial crisis 2008+ and the euro area crisis highlighted how fragile the institutional set-up of today’s world is. Moreover, these crises reminded us that questions of international collaboration and multilateralism as well as questions of security, in all its dimensions, remain as valid as ever. Taking these observations as a point of departure, this paper asks the question of how these twin-crises and their implications influenced the ENP and its effi cacy. To this end, an integrated two-pronged approach to the study of the ENP is employed to gain a more comprehensive insight into the ENP, its evolution and the impact it can actually exert on the EU’s neighbourhood.
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