The purpose of this study is to analyze and assess the main macroeconomic indicators of Sweden in 2000–2013 by reference to the corresponding quantities characterizing the economies of Denmark and Great Britain, i.e. countries that have not adopted the single currency as well as Finland and Germany, the most efficient economies in the euro zone. Taking into account the rates of GDP growth and inflation, government balance, public debt and current account balance, or even unemployment rate, it can be concluded that in the analyzed period Sweden was achieving the best economic outcomes, which was particularly evident during and after the crisis 2008–2009. Such excellent performance of the Swedish economy was mainly the result of outstanding macroeconomic policy conducted by this country involving a combination of both fiscal and monetary instruments in order to support economic growth, which would not be possible if Sweden was in the monetary union.
PL
Artykuł nie posiada streszczenia w języku polskim.
The paper deals with a process defined as the internationalization of competition policy. The process was initiated by the Havana Charter in 1948 and gained momentum in the late 1980. The Havana Charter was the charter of the defunct International Trade Organization (ITO). It was signed by 53 countries on March 24, 1948 to facilitate international cooperation and allow for rules against anti-competitive business practices. The charter ultimately failed because the U.S. Congress rejected it. Elements of it would later become part of the General Agreement on Tariffs and Trade (GATT). Despite the growing role of international trade, no multilateral agreement has been adopted since the Havana Charter to regulate competition policy issues, the authors say. Such an agreement is needed to reduce the number of trade disputes and promote international cooperation. The article aims to show the impact of regional integration and bilateral agreements between the European Union and the United States on the internationalization of competition policy. Another objective is to show the impact of international cooperation on multilateral competition policy and on difficulties in reaching a compromise in this area among World Trade Organization members. Finally, the paper sets out to examine factors that justify the need to include competition policy in the multilateral trading system. According to the authors, the high degree of domestic and regional market integration, coupled with the gradual liberalization of multilateral trade and the large number of trade conflicts, call for the introduction of viable multilateral competition rules.
The subject of this paper is an analysis of the euro use in the functions of international currency in order to appraise the scope of its internationalisation. It turns out that the euro being the second key currency has not attained the position of a global currency so far. An assessment of the euro chances in competition with the dollar is difficult on account of growing doubts concerning the survival possibilities of monetary union. However, they depend on effective elimination of structural causes of the crisis and regaining confidence of financial markets.