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The prospect of Intermarium integration in the light of consumption risk sharing

100%
Beck K., Shtunderenko J.
Zarządzanie Publiczne / Public Governance
|
2019
|
issue 3(49)
20-34
EN
Objectives: After the collapse of Communism in Central and Eastern Europe, the idea of joining a prosperous bloc, which would provide financial assistance, seemed an opportunity not to be missed. However, with the possibility of the funding drying up, and the initial feeling of euphoria fading, the alignment of CEE and Western Europe on values was put to a test. This gave way to discussions about alternatives to the EU. One of them is Intermarium. This paper examines the potential benefits Intermarium countries could attain in terms of consumption risk sharing. Aims: The research takes an alternative approach to economic integration, concentrating on economic stability. In particular, it makes an empirical analysis of consumption risk sharing in Intermarium, as well as drawing a comparison with the EU and the euro zone core. Research Design & Methods: The paper uses method of risk sharing assessment proposed by Kose et al. (2009) extended by the authors to accommodate panel data setting. Findings: As the empirical results illustrate, the past integration between the old EU and its new member states weakened the Intermarium mechanisms of consumption insurance, especially in comparison to the euro zone countries. Implications / Recommendations: The potential benefits of Intermarium fall short of the EU alternative. Contribution / Value added: The paper presents the results of the first examination of the extension of risk sharing in Intermarium countries.
2
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Polish Exchange Rate Policy Dilemmas in ERM II

100%
Tchorek G.
Studia Europejskie-Studies in European Affairs
|
2017
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issue 2
43-67
EN
This article presents considerations for the exchange rate regime choice from the point of view of the Polish zloty participation in the European Exchange Rate Mechanism II (ERM II). The first part defines the conditions for an exchange rate mechanism conducive to nominal convergence and macroeconomic stability of the Polish economy before and after the euro adoption. The assessment indicates that the above objective can be achieved with a broad (+/-15%) fluctuation band. The second part contains arguments for greater flexibility of the European Commission (EC) and the European Central Bank (ECB) in assessing the fulfilment of the exchange rate criterion as a necessary condition for taking advantage of a broad +/-15% fl uctuation band. Furthermore, an emphasis is put on the need for the ECB support in intervening within this band when justified. These measures should reduce the risks of ERM II participation and make the mechanism more useful in supporting nominal and real convergence in catching up economies.
3
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The United States as the Trade Partner of Poland in the Context of the Transatlantic Trade and Investment Partnership (TTIP)

100%
Marks-Bielska R., Lizińska W., Serocka I.
Olsztyn Economic Journal
|
2014
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vol. 9
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issue 3
201-213
EN
Evaluation of the importance of the USA as the trade partner of Poland is the main objective of the paper, based on the changes in the value of trade during the years 2000-2012 and changes in the structure of trade during the years 2008-2012. The data from the Statistical Yearbooks of Foreign Trade published by the Central Statistical Office was used. The potential for foreign trade growth was illustrated using the simplified analysis based on the gravity model of foreign trade concept. Gradually increasing value of Polish trade with the USA (the average growth rate 9.8%, EU-15 countries 13.1%). Polish exports are characterised by a higher than imports growth rate (USA - exports growth by 12.5%, imports 9.2%, EU-15 - exports 15.1%, imports 11.6%). Trade is strongly dominated by position of one group of products (over 30% share in both exports and imports). The potential of trade is poorly exploited currently. Trade was focused mainly on the countries situated in the close neighbourhood (mainly the EU countries with the domination of Germany).
4
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The Economic Integration of the Central and Eastern European Countries into the European Union: Special Reference to Regional Development

88%
Bharti M. S.
Copernicus Political and Legal Studies
|
2022
|
issue 2
11-23
EN
The purpose of this paper is to research on the Central and Eastern European countries’ (CEECs) economic development after joining the European Union (EU). Moreover, this study highlights the key policies of economic integration into the EU and integration is a success story for the CEE countries. This paper also describes the key indicators and tools of the development model adopted by the CEE countries as a member of the EU. This study covers the period from 2004 to 2021. The objective of this study is to relate to the EU’s economic and trade policies, and how they brought the development to the region after the successful integration. To what extent, the CEE countries could develop their economic position in comparison to the other EU member countries. The research used empirical and comparative analysis methods to search the economic growth and regional development. Through this method, the research answers the questions and tests the hypothesis. The study concludes that the economic integration of the CEECs into the EU is successful. As a result, the development of this region has been accelerated and the EU’s economic policies have successfully been implemented in many countries. Finally, The EU’s economic policy has changed the dynamics of regions’ development and shaped the stronger trade and common market among the member states. The EU’s integration has impacted the gradual economic growth across the CEE countries.
5
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Dezintegracja Unii Europejskiej

63%
Holko M.
Journal of Modern Science
|
2016
|
issue 2(29)
199-236
PL
W pierwszej części artykułu przedstawiono teorię konkurencji w kontekście integracji gospodarczej (globalizacji). W części drugiej wskazano, że niezbędnym elementem analizy jest państwo narodowe i jego polityka. Z tej perspektywy w trzeciej części krytycznie oceniono zasadę „równej” konkurencji i kryteria pomocy publicznej. W czwartej części przedstawiono pogłębiające się różnice na poziomie krajo-wych wskaźników makroekonomicznych. W piątej – bardziej szczegółowo przedstawiono kwestię wyjątków od zakazu pomocy, które wykorzystywane są w ramach tzw. polityki spójności. Z polskiej perspektywy oceniono metodę ustalania wielkości przedsiębiorstw oraz sposób działania zwrotnych instrumentów finansowych, które sukcesywnie wypierają bezzwrotne dotacje.
EN
The theoretical foundation of European economic policy is ambiguous. There is an assumption, that a/ the single market is “the right thing” for all inhabitants and b/ competition is one of the most important institution in the Community, hence the state aid should be forbidden. Simultaneously, cohesion policy is created to support the less developed regions. But the results of European integration are rather disappointing when looking at the South, e.g. Greece, and East – e.g. Poland. The political leaders seem to be familiar only with the neoclassical/neoliberal doctrine, without having any knowledge in heterodox economics, especially – the political economy of Marks, List, Kalecki or Sraffa. Therefore they can not fully understand the causes and effects of globalization. Contemporary capitalism in Europe calls for a/ demand policy (i.e. another distribution of income) and b/ industrial policy. Instead of forcing the process of market liberalization, the European regulations and actions should force investment (in the South-East Europe) and reproductive employment.
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