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During Millennium Summit in 2000 in New York, 189 member countries of the United Nations accepted Millennium Declaration. It contains Millennium Development Goals which are a form of road map for realization of development aid based on sustainable development in developing countries. The article discusses this problem.
EN
The goal of this paper is the presentation of operations run by the WTO in the framework of an initiative supporting trade in developing countries, under the name Aid for Trade. Moreover, the article presents the examination of the above-mentioned operations beginning from 2002, with special consideration given to countries and amounts of funds transferred to them. Average annual amount of funds transferred by countries called donors from 2002 to 2005 amounted more than USD 21 billion. In 2006 the amount grew up to USD 23.5 billion, and in 2007 by subsequent 8%. In terms of a territory, the largest beneficiary of funds in the framework of the support arranged by the WTO are Asian countries, especially India, Vietnam, Afghanistan and Iraq.
EN
This paper distinguishes between different forms of government intervention in a micro economy, including a firm’s tax burden, regulatory stringency, state shares and collective shares. The author offers a first attempt to explore how these types of government intervention affect a firm’s financial access. With evidence from China, he uses the 2005 World Bank Investor Climate survey data to confirm that a firm’s financial access is promoted by its tax burden and regulatory stringency but constrained by its state shares and collective shares. His estimates are robust to the potential endogeneity issue, the different measures of financial access and different samples. Given that most governments explicitly or implicitly dictate financial resources, this paper offers general applications for government policies or corporate finance.
EN
The purpose of this paper is to analyse the essence of the European Union’s development policy in all its aspects. To this end, it examines the factual circumstances and determinants of this policy. It scrutinizes the principles and functioning of the EU development policy as well as its challenges and obstacles. The article aims to verify the assumption that the 1990s and early 21st century marked a significant revaluation of the European Union’s development policy. On the one hand, EU development policy is becoming more crucial and comprehensive in character. On the other hand, the current premises of EU development policy do not fully match the real needs of developing countries.
EN
The very first summit of the most industrialized states was held in Rambouillet in 1975. However, the name G7 became official in 1976 when Canadian participants joined the representatives of France, Germany, Great Britain, Italy, Japan and the US. The transformation into G8 was formally made possible in 1998 during the Birmingham summit, after a few years of negotiations and common work in the forum along with Russia (G7 plus Russia). Economic declarations and summit communiqués are the most important documents from the summits. They include recommendations for members of the group, and they also contain proposals directed to the regions of the world. The key objective of this article is to present the attitude of the G7/G8 towards the developing states. All the problems were analyzed mainly from the economical perspective. However, some political, social and institutional aspects were also included. The relations between North and South have been present since the first cycle of the G7 summits, but the execution of its plans and projects have become more effective since the end of the second millennium, especially in the debts initiatives and the coordination of the official development assistance. The paper tries to sum up the engagement of the G7/G8 into the problems of the South during the period of more than 30 years of its activity. The effectiveness of particular initiatives is more complex matter and it requires further research.
EN
The article analyses dynamism and regional structure for weakening the old model of the world trade and the reasons of increasing significance of developing countries, but the limits of trade South-South too. The perspectives of the geographic structural changes in the world trade and a new dimension of the global interdependence are presented too.
EN
The work focuses on the effectiveness of the impact of European Union Generalised System of Preferences introducing tax free or reduced tariff on trade exchange between European Union and developing countries. The work raises the specific stage of trade liberalization concerning preferential agreements. It also reviews publications dedicated to European Union Generalised System of Preferences including its three schemes. It points out and compares their assumptions which have impact on the application in practice and it defines barriers which are able to affect the full implementation of Generalised System of Preferences in trade exchange between European Union and developing countries.
EN
Using a gravity model, this article explores the determinants driving stocks of international migrants from developing countries in Czechia and in Slovakia. It presents an overview of international migration to both countries between the years 2006 and 2015 including the major countries of origin. It also proposes a brief discussion of different migration theories that can be used to explain the number of international migrants in both destinations. The gravity model used throughout the study includes four groups of explanatory variables: standard gravity variables, economic, institutional and those that approximate mutual relationships. The results show that the number of migrants in both destinations increases with higher GDP per capita and population in the countries of origin. Furthermore, mutual links such as trade or distance between the destinations and the countries of origin are significant as well. While only developing countries were selected for this analysis, this model provides a useful exploratory tool that can help with further analyses of migration flows to different countries and regions.
EN
Neo-liberal policies of 1980's and 1990's have resulted in serious financial crises and balance of payments problems in all over the world. These policies have remained insufficient and defective in the face of modern capitalist system. Under these circumstances, the notion of nation-state has begun to be eroded and this fact leads some social scientists to neo-logical efforts of neo-liberalism. As a result, the functions of the state in modern capitalist world and new liberal development policies have been reconsidered. In this study, we shall question the implications of 'industrial district models' that can be regarded as a new industrial development model of new liberal paradigm.
EN
Linkages among international trade, economic growth and poverty eradication have gained again increased attention in policies of the World Bank which has been criticized for its uniformed attitude towards developing countries and to too rapid liberalization reforms. Paper tries to contribute to the debate on the World Bank's trade related activities on the basis of comparison of economic development of a group of the developing countries which have liberalized their trade relations with the assistance of the World Bank's trade related loans with a group of the countries which have not used them. The comparison is based on the analysis of index of determination trends and GDP growth rate trends are analysed using Richard's curve.
EN
The aim of the paper is to analyse determinants of Chinese outward direct investment in Africa. Dominant theories of foreign direct investment suggest the main motives to invest abroad include cost savings, search for resources, search for new markets and effort to enhance market position. We expose these motives to a statistical analysis based on data on Chinese investments in 50 African countries for time period 2003 – 2011. We use descriptive statistics based on outer terciles of sorted statistical series, pooled regression and fixed effects model. We come to the conclusion that main determinants of Chinese outward direct investment in Africa are size of the domestic market, abundance in natural resources and good trade links with the country.
EN
This paper examines the determinants of prices movement of the primary commodities in the last decade. This paper would also answer the question, why the movement of primary commodity prices has influence the economy of developing countries more than other economies. The main objective of this paper is not only presenting the theory of price’s cycles, but also to explore the difference between last and previous boom prices and analyse the factors influenced the development of commodity prices as a whole and in particular the prices of crude oil and natural gas.
EN
The paper discusses the problem of the socio-economic inequality and its regulation in the developing countries putting it into the context of the international development. At first, we put forth on some arguments: e.g. why should one care about inequality dealing with the poverty-growth-inequality triangle, the inequality-on-growth effects, and the globalization-on-inequality impacts. At second, regarding the mechanisms of the inequality regulation, we state a limited role of the progressive taxation in the developing countries, where the most of the redistribution occurs through the social spending and other welfare programmes. A scanty government budget in many poor countries needs to be supplemented with the additional development resources. However, the channels of the international redistribution are currently underused.
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