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EN
Recent initiatives in the field of the economic governance and the Eco¬nomic and Monetary Union, similarly as to treaty revisions, influence the position of national Parliaments in the EU and create an impulse to rethink domestic arrange¬ments for handling EU affairs in individual Member States, as well as to redefine the system of inter-parliamentary co-operation. As a consequence, the discussion con¬cerning the democratic legitimacy of economic governance opens a new chapter in evolution of the role of European national legislatures in the EU. The aim of this arti¬cle is to present the legal and political aspects of the national Parliaments’ position within the new EU economic governance, and assess their ability to ensure demo¬cratic legitimacy in the context of their current legal position in the EU.
EN
The main aim of this paper is proposition of multifactor measure of economic condition (MEC) and its estimation for selected economies. Article consists of two fundamental parts. In the first methodology of measure is presented. It includes mainly points 1 and 2 and constitutes basis for empirical researches in point 3. This point constitutes second fundamental part of this paper, in which MEC estimation for selected economies for the period 2000-2011 are made.
EN
The article deals with the creation and functioning of the department “Economy and Finance” of the Reich Protector’s Office as a body playing the dominant role in the process of formation of the economic policy in the Protectorate of Bohemia and Moravia in 1939–1942, and sheds light on its penetration into the autonomous occupation administration that took place as part of Heydrich’s reform of public administration. The focus of attention is on the status of the Economic Department of the Reich Protector’s office on the boundary between the Reich German administration and the Protectorate administration, its organisational and personnel structure, competences, and financing mechanism.
EN
The beginning of negotiations of the Transatlantic Partnership for Trade and Investments (TTIP) in July 2013 heralds a new era in the relations between the EU and the USA. Economically, the USA traditionally preferred global solutions encompassing also trade with Europe, but the stalled DDA WTO negotiations and a new wave of regional extended free trade agreements inevitably brought back the issue of concluding such an agreement between the two biggest partners in the world trade system. The idea of a transatlantic FTA was explored in the 1990s by both sides, but was shelved for various reasons. Now, the struggle to combat the economic crisis on both sides of the Atlantic has induced the political leaders to carry the idea through. Most commentators agree that the economic importance of the agreement will depend not that much on lowering of the tariffs, but on the level of ambition for dismantling the non-tariff barriers to trade, mostly in the field of technical standards, but also public procurement and services. A weak reaction so far of the key players of the global trade negotiations and lack of resistance from the WTO bodes well for the future of the agreement, which is supposed to create thousands of new jobs and bring about new confidence on both sides of the Atlantic.
EN
Attempts to reform the Polish economy made in the 80's of the twentieth century have failed. More and more economists and politicians were aware of the need to change the economic system. In early 1990 began to implement Balcerowicz plan, which aimed to transform the economy from a centrally managed to market economy. Realities of economic life corrected optimistic assumptions of the plan. Assessment of the effects of transformation till today divide economists and polish society. In recent years growing number of studies describing course and effects of economic transformation. In 2011 published two important books: M.G. Woźniak monograph and collective work edited by W. Jarmołowicz and K. Szarzec. Both books introduce systemic transformation process from a different perspective, both slightly different estimates the effects. Critical assessment has been made in Woźniak book, more positive evaluation gave the Poznań team of economists led by W. Jarmołowicz. Article draws attention to the diversity of economists positions in the native environment.
EN
The knowledge-based economy is a new economy growth theory that for some authors is the new alternative for the economy growth. In this sense arise the medium cities as an alternative to economic growth, as these cities do not have the problems of the big cities and it is assumed that in the long term these medium cities will become large cities. Thus, the objective of this research was to find that medium cities of west-central Mexico are embedded within the knowledge economy through the comparative analysis between the Census of Population and Housing 2000 and 2010 conducted by the Institute national Statistics and Geography (Instituto Nacional de Estadística y Geografía, INEGI). The region of west-central Mexico by the end of this research is comprised by the states of Aguascalientes, Colima, Guanajuato, Jalisco, Michoacán, Nayarit, San Luis Potosi and Zacatecas. Of those states were found that there are 39 medium cities. The result is not satisfactory as was found that there are 13 cities not embedded within the knowledgebased economy
EN
The author of the article focuses on the technological development of Japan and assessing her international position in that field. He argues that Japan could achieve a position of technological leader in the world thanks to an adroit and supporting policy of the state and a devotion of enterprises toward the technological development. But in current, more complicated domestic and external economic circumstances, the leading position of the country starts to be threatened. Because of growing competition from new rivals, mainly Asian, old leaders should adjust to the new situation. This means that in some fields of technology also Japan will lose her advantages.
EN
Polish economy is one of but many issues with which the Council of Ministers is concerned. It is managed and run by appropriate ministries, which are responsible for how well they function. Since 1945 most governmental jobs were given to men. There were very few women actively functioning in public life. Throughout the history of the Polish People’s Republic not a single woman was appointed either Prime Minister or VicePrime Minister and very few women were nominated as ministers. There were only two women who were responsible for economic matters, if only to a very limited degree – Maria Milczarek, the Minister of Administration, Infrastructure Economy and Environmental Protection (from 2nd Dec, 1976 to 8th Feb, 1979), and Anna Kędzierska – the Minister of Domestic Trade and Services (from 30th May, 1984 to 6 th Nov, 1985).
EN
Nomy in the context of the ongoing transition and tries to assess the reasons for its failure. It deals with the concept of transformation, as well as inherited from the socialist system structural distortion that determine its course. It also describes restructuring process in the context of economic transition. The author analyzes the main stages of economic transition and restructuring process in Ukraine and comes to the conclusion that the main cause of lack of its success was inefficient economic strategy, allowing for consolidation of the inefficient economic structures.
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EN
In this paper the authors carry out an analysis of the effectiveness of European Union economic cohesion policy. It was done from a perspective of one of the most economically depressed regions in Poland and in the EU – the Warmia and Mazury voivodeship. The economic effectiveness of the cohesion policy is measured by analysing the reduction of disparities between regions with the lowest level of economic development and regions that are more developed. The aim of the research was to evaluate the rate of economic growth in Warmia and Mazury and in Poland. The basis of the evaluation was a comparative analysis of the GDP per capita growth rate against selected countries and regions of EU in the years 1995–2010. Studies have shown that compared with the regions and countries of the EU, the analysed voivodeship was characterized by a relatively rapid rate of economic growth. At the same time, however, the economies of the most developed regions of Poland were growing faster. Consequently, the EU cohesion policy in the Warmia and Mazury region has been found to be effective in comparison with other countries and regions of the EU, but questionable in the national dimension.
EN
The economic transition in Poland is an issue widely discussed by scientists, and therefore its effects have been evaluated in many publications. The analysis of the literature allows to distinguish authors of those texts as followers and opponents of Balcerowicz Plan. This article presents the opinions of two strong critics of the transformation process - Grzegorz Kołodko and Tadeusz Kowalik. G. Kołodko focuses on the assumptions and mechanisms of the stabilization plan. T. Kowalik tries to recognize the problem holistically. He pays attention to the complete reversal of the government of the Round Table Agreements and direct it toward the Washington Consensus.
EN
The article presents characteristics of the position the Asian Giants occupy on the international stage. India and China by partnership and rivalry take advantage of the contemporary economic situation in order to strengthen their role of global leaders. Thanks to the natural resources, demographical potential and complementarity, the economies of the South try to overcome the stagnation and recession period, simultaneously trying to improve the relations with South America. By means of this, they try to move the centre of world economy on the southern part. Moreover, the rivalry between the biggest Asian countries will be mentioned, as well as the structure of trade exchange and political relations between them.
EN
The study deals with the legislative rules for the state-bound sugar industry in the Czechoslovak Republic in early 1920s. During 1918–1921, the sugar industry was stabilized under the direction of the Czechoslovak Sugar Commission that was gradually increasingly dominated and controlled by the government. The said Commission gradually started absolutely controlling all sugar production with the help of government decrees. Specific legislative measures are analyzed from the perspective of statistical indicators of that time. Although the given immediate period is related with regulated economy, the legal regulations were more liberal in some matters than those existing before the establishment of the independent Czechoslovak state. The efforts of that time resulted in a relatively fast stabilization of postwar sugar industry, bringing considerable profit to the state. In the short period, it was an efficient way of solution of the given issue both for the new territorial unit and, in a sense, for the consumers too.
EN
Ezra Pound (1885–1975) was, next to Thomas Stearns Eliot, the most prominent American poet of modernist. He was considered the creator of vorticism and imagism — modern trends in art and world culture. In his works he reached to different eras and cultural trends. He was as well fascinated by medieval Provençal, Spanish and Italian literature, and Japanese art of haiku. On his work also had an impact scholasticism, Confucianism and Far East literature. In addition to poetry, Pound was also involved in literary criticism, painting and sculpture, he wrote historiosophical es­says and dramas. The greatest fame brought him, however, written for many years, „Canto”. During his stay in the British Isles he also dealt with politics and economics. He was considered a supporter of the theory of Social Credit of Hugh Douglas Clifford, aBritish engineer and economic theorist. In the early twenties Pound went to Italy. Here he became fascinated with fascism and the person of Benitto Musollini. In his works (including his poetic works) appeared clear fascist and anti-Semitic accents. He criticized Jewish international financiers and banking (critique of usury). During World War II he gave propaganda „talks” in the Italian radio. He praised the organization of the fascist state and fascism as an idea, and at the same time warned the threat from international Jewish conspiracy. His views meant that he was accused of collaboration and treason. He was arrested and imprisoned in the US prison camp near Genoa. He spent almost amonth in aclosed cage. During his stay in the camp he had nervous breakdown. After transportation to the United States for many years he was locked out in hospital for mentally ill. After leaving the hospital, he returned to public space. Still creative, he was nominated for the most prestigious literary awards. His works have been translated into many languages around the world, including Polish. He died in Italy in 1975.
EN
The contribution, which is based on unpublished sources from the National Archives in London and the Political Archive in Berlin (Politisches Archiv des Auswärtigen Amts), aims to present and analyze the British and German view of the complicated question of railway‑building in China at the end of the Qing Empire era — concretely in the years 1907–1908. The author will turn his attention to the British and German economic interests in this country with special regard to the building of the Chinese railways, which were conducted by foreign companies. He will define the construction of railways as a policy of following the political and economic interests of the Great Powers in China. The contribution will also focus on the question of the British and German methods to gain railway concession and how successful London and Berlin was in its policy and whether it was able to take advantage of its opportunities.
EN
RESEARCH OBJECTIVE: The future of financial economics development belongs to the capital market solutions – an alternative source of effective fi­nancing. The purpose of the article is an attempt to make a glance for teaching experience based on new financial pedagogy, factual on learning by doing and simulating – active decision making in the process of choice the financial instru­ments from capital market solutions. THE RESEARCH PROBLEM AND METHODS: The world of stock ex­changes is dominated by 16 major players, whose total market capitalization exceeding USD 1 trillion in which the United States represents 40.01% of the global market capitalization. All recognizable brands, such as: Apple, Google, Intel, Microsoft or FaceBook are listed on the NASDAQ stock exchange. Looking for a suitable example that would allow students to be creatively involved in learning through new financial pedagogy, the FaceBook were choose. THE PROCESS OF ARGUMENTATION: Facebook is a reliable – in terms of capitalization and market value – listed company, which is also a global leader in social networks. Two-minute real calls were used to show the opportunities and threats arising from stock market investments. The received effects of stu­dents’ inference were compared with the knowledge they acquired after using traditional teaching materials. RESEARCH RESULTS: Authors present in the article mechanisms func­tioning on the capital market and the inference process, enabling profitable decisions to be made a few days before the expiry date of the option, as well as the limitations resulting from the use by students’ traditional textbooks and the knowledge transferred through them. CONCLUSIONS, INNOVATIONS, AND RECOMMENDATIONS: The study covered the results of efficiency and the ability to avoid inhibiting the development of student learning in the field of capital market instruments through direct action and involvement them in decision making processes.
EN
Exercising the economic function of the family manifests itself in making use of material goods in such a way that they serve the best possible way the permanent effort of an individual to self-improve. Hence, the material goods are by nature subjugated to the good of a person. Any distortion of this relationship (or hierarchy) results from the domination of subjectivism and the consumerist tendencies. Then, one can observe the development of ego societies or communities based exclusively on the material aspect. The personalist concept of the common good in relation to the family and the society allows to create the proper hierarchy of values which is put into practice when making use of the material goods for the benefit of a human being. Subsequently, the property of family enables the development of its members in the direction of the fuller humanity. The contemporary social systems demand the introduction of, so-called, family pay which determines the minimum to achieve an acceptable standard of life. Other similar initiatives are the common use of spiritual goods within a society or creating the favourable conditions for the responsible parenthood. The fulfilment of these postulates depends on the access of a family to an appropriate set of material goods.
EN
The aim of the article is to provide a reflection on the role of industrial policy in st-imulating the processes of development and economic convergence. In the first place, there are presented the most important features of vision of economic development and convergence in terms of the two schools of economics: the mainstream and the evolutio-nary one. Then, it is demonstrated how specific ontological assumptions about the nature of economic processes lead to different views on the desired shape of industrial policy. While neoclassical economics focuses on preventing market failures, evolutionary eco¬nomics provides a realistic vision of development and a broader justification for the con¬duct of industrial policy.
EN
The Nigerian iron and steel industry established as a basis for industrialization has remained unproductive even as the year 2020 targeted for the country to become one of the world's top 20 economies is barely a few months away. Despite, the boom in the oil sector, the value-added sector is low while the inter-sectoral linkages are weak. This implies a boom in one activity rarely affects another in the sector, but will rather impact on the foreign economy from where imports were sourced. Nigeria relies mainly on crude oil to the neglect of the iron and steel sector which is a major determinant for the industrialization of any nation. Lack of industrialization and unemployment in Nigeria today which engenders insecurity could be linked to the comatose state of the Nigerian iron and steel industry. Thus, this paper discussed the iron and steel sector as a strategic sector for rapid development and nerve center for industrialization in Nigeria. Economy, sustainable, technology, industrialization, development Nigeryjski przemysł żelaza i stali ustanowiony jako podstawa uprzemysłowienia pozostał bezproduktywny, mimo iż od roku 2020, w którym kraj ma stać się jedną z 20 największych gospodarek świata, dzieli nas zaledwie kilka miesięcy. Pomimo boomu w sektorze naftowym sektor wartości dodanej jest niski, a powiązania międzysektorowe są słabe. Oznacza to, że boom jednej działalności rzadko wpływa na inną w tym sektorze, natomiast wpływa na gospodarkę zagraniczną, z której pozyskiwano import. Gospodarka Nigerii polega głównie na ropie naftowej, zaniedbując sektor żelaza i stali, który jest głównym wyznacznikiem uprzemysłowienia każdego narodu. Brak uprzemysłowienia i bezrobocie w Nigerii, które powoduje poczucie niepewności, mogą być powiązane ze stanem śpiączki w nigeryjskim przemyśle hutniczym i stalowym. W niniejszym artykule omówiono sektor żelaza i stali jako sektor strategiczny dla szybkiego rozwoju i dla uprzemysłowienia w Nigerii. ekonomia, zrównoważony rozwój, technologia, uprzemysłowienie, rozwój
EN
The contribution aims to present and analyze the German view of the complicated question of railway-building in China at the end of the Qing Empire era – concretely in the years 1905–1906. The authors plan to start at the end of the Russo-Japanese war, which was a key event in the transformation of the Great Powers policy in China, with the concentration on the German policy in the Middle Kingdom. They will than turn they attention to the German economic interests in this country with special regard to the building of the Chinese railways, which were conducted by foreign companies. They will define the construction of railways as a policy of following the political and economic interests of the Great Powers in China. The contribution will also focus on the question of the German methods to gain railway concession and how successful Germany was in its policy and whether it was able to take advantage of its opportunities.
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