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Zarządzanie i Finanse
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2012
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vol. 4
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issue 1
483-494
EN
Situation of economic country is main factor determining changes on estate market. This paper presents the influence of global economic crisis on behaviour of estate market in Beskidas. Decrease of selling of apartments is perceived in offices of estate so as in all other sectors. In Beskidas region prices of new and used flats are dropping. However declines in prices of flats aren't going hand in hand with the decline in prices of ground up to buildings. Prices of ground in recognizable towns of Beskidas are rising. Decrease in granted credit’s amount and anxieties of potential clients about possibilities of the repayment of obligations caused the fall in house prices and forced of negotiations selling for taking with potential buyers. The fall of the apartment’s
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2009
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vol. 36
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issue 7(424)
2-8
EN
Increasing dynamic of the civilization changes in the last tenths years created stronger needs of stabilization within the members of different social groups. Last economic crises increased in the mean time the risk of loosing work and stability which is combining with it. As a result people are expecting from the state not only formal guarantee but more often real help. State can help directly in the form of benefits or indirectly by increasing chances of continuations of the work. This is giving simultaneously a right for social protection and creating the possibility of multiplication of work. For the trust of citizens to the social policy of the state basic is keeping the access to social service. This is not combining with increase of the budget expenses. Different is situation when the number of the people who getting social benefits is increasing rapidly.
EN
The author makes an attempt to diagnose the most significant causes of contemporary economic crises and to verify the hypothesis which assumes that the reasons for the contemporary crises are totally different in comparison to typical crises of the 19th and the 20th centuries. What emerges from this consideration is that a surplus of supply of goods was the fundamental issue undelying classical crises, which was due to the momentum of investments that did not bring in the expected profits. These days, however, financial phenomena underly the economic recession.
EN
The main aim of the article is to present the phenomenon of deflation and its connection with depression. The detailed aim is the answer to the question to what extent the current economic crisis causes threats of deflation in Poland. This study consists of four main parts. In the first, the phenomenon of deflation is presented - its definition, types and costs. In the second, the connection between deflation and depression is outlined - its theoretical and empirical aspects. In the third part, an index of deflation vulnerability is presented - methodology and evaluation for 35 countries (data comes from a survey by M.S. Kumar et al.). In the last part, a risk of deflation is evaluated for Poland in the period from 2000 to 2008, especially in the context of the current economic crisis.
EN
The article presents a synthetic assessment of the most important conditionings of the Polish economy in the period of confusion caused by the global crisis. In the introduction, the author shortly characterises crisis phenomena. Subsequently, the analysis of the influence of these phenomena on a real sphere and a financial sector is made. A short-term forecast of the development of the situation in Poland in comparison to other European Union countries is noteworthy.
EN
Cooperatives are a kind of institutions which inside organization and method of work divides them from other kinds of establishments. It is difficult to give a clear and uniform definition of a cooperative enterprise. This is caused by cultural differences and existence of four schools of cooperative thought. There are seven values which underlie cooperative movement. This value structure allows cooperatives to gain their identity. Situation that was caused by the economic crisis proved that cooperatives are the best establishments when it comes to fight recession effects. They are kind of establishments which help people reduce poverty thanks to their original methods of work. Aside from financial help cooperatives can offer other types of support.
EN
The paper aims at the analysis of the consequences of the current economic crisis on the public finance in Poland. In particular, it is focused on the financing system of labour market policy instruments. Labour Fund is the main source of financing both active and passive labour market policy in Poland. Employees contribute to the Fund creating the budget focused on alleviating the negative consequences of being unemployed and financing employment programmes for job seekers. It the wake of economic crisis, the risk of becoming unemployed is higher which bears consequences for public finance and puts pressure on rational management of the Labour Fund resources.
EN
The article aims to present directions of development of investment banking in the global market. The Authors present the most significant historical facts relating to the development of investment banking in Europe and the USA. They identified key factors in the dynamic development of investment banking in the late twentieth century. Next part of the article concentrates on general characteristics of the main services offered by investment banking. Then, the essence of the subprime crisis and its impact on the development of investment banking in the global market is discussed. In conclusion, the Authors pointed out the prospects for development of investment banking after the end of the global subprime crisis.
EN
The causes and conditions of the forming the so-called flexible labor relations and appropriate forms of employment in the labor market of Western countries in terms of certain economic difficulties in the 60s of the XXth century are analyzed. Furthermore, on the basis of these experiences, the importance of these flexible forms of employment to maintain employment in conditions of mass dismissal of the labor force affected by the current economic crisis is studied.
EN
Different views on the role of fiscal and monetary policy are discussed in terms of history of economic thought. Fundamental features of fiscal and monetary policy are identified and analyzed with respect to recent financial and economic crisis. Lessons from variety of fiscal and monetary stimulus used by different countries to overcome recent crisis are summarized.
Pieniądze i Więź
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2010
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vol. 13
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issue 2(47)
149-159
EN
In the last several months, we hear a lot about the global economic crisis. The crisis which stroked hardest in the United States begins to wreak havoc in Europe. In Poland the crisis is not yet as bad as in the USA or other Western Europe countries. Traders functioning on the market try to deal with bankruptcy at all costs. Enterprises, through various activities in the promotion area, are trying to encourage customers to make business transactions. It is precisely in times of crisis, when buying activity is an important condition for further enterprises' operating (existence) in the market. The article presents changes in television advertising market in Poland in the era of global economic crisis. It was noted that during the economic crisis, financial resources rationally spent on television advertising might stimulate the trade, and thus revive the economy and increase consumer optimism in the market.
EN
This article argues that the economic crisis in Sweden was not caused by the large and generous welfare state, but rather by market-liberal economic reforms. Today the model is still doing relatively well and it still has the support of the population. Although the literature on 'retrenchment' focuses on social benefits, in Sweden cutbacks in this area were rather mild. Instead, the main cutbacks were actually in the quality of welfare services, which remains the greatest problem for Sweden.
EN
This text examines the post-crisis scenarios of economic growth. In order to explain the possible variants of future developments, it first provides an account of the crisis and describes the diverse types of state interventions used to control the crisis, and their immediate effects. Next the various possible scenarios of economic growth are considered, taking into account their probabilities, e.g. low likelihood of a consumer boom, possible increase in investments, but reasons as well for its possible decrease. Further on the article assesses the dynamics of the growth factors presented and the role of global co-operation in handling the crisis. The Author concludes that in order to avert a repeat financial meltdown, a mix of strategies and approaches needs to be adopted.
EN
The 2008–2010 economic crisis revealed many problems in the EU’s real business market. Of course these resulted primarily from the troubles of financial institutions, but they also derived in part from deficiencies in the functioning of the EU internal market. In answer to these challenges, the Commission has presented the Single Market Act, which contains 12 initiatives directed at reviving the EU internal market. However, the strategy mapped out does not essentially provide for any substantial steps or actions which would, in the short term, improve the entrepreneurs’ situation in the crisis-ridden EU. It constitutes a deepening of the current integration, a simplification of the current regulations, and elimination of the most critical – i.e. not all – barriers. The internal market should be perceived as a mechanism ensuring the effective conduct of business activity, simultaneously reducing unemployment and increasing consumer confidence. This would be a strategy for making an ‘escape forward’ from the crisis.
EN
Everybody knows that the public health care system in Poland is in deep crisis. It requires deep structural reform but first of all change of principles of the health care financing. Citizens are used to pay for the health care services, and that this cost more in each year. It is worrying that majority of Poles realize in case of serious illness the cost of health care. In such a case, very often, cost are so big that people are unable to cover them from their running monthly budget. Only small part of society is aware of possibility to avoid necessity of spending more money than thay have in a short of time. Health care insurances are one of the tools which allow us to benefit from private health care and avoid high costs in case of serious illness. Predictions shows that in a few years commercial health care insurance will be more popular because of higher insurance awareness and deeper public health care system in Poland.
EN
The aim of the article is to determine how innovative the economies of the European Union countries are and to identify arguments for the role of innovation in overcoming the economic crisis in the member states. The methodology applied to achieve the defined goal includes a description of the presented problem and an analysis of the detailed phenomena. The performed disquisition resulted in the following conclusions. The issue of innovation acquires special significance for the development of the European Union at the time of the economic crisis. Favorable conditions for activities to increase the role of innovation in the economy at the time of a crisis are changes in the corporate strategies in the field of innovative activity, changes of the innovation character and decisions of the long-term investors. The results of the analysis let the authoress make a conclusion that the development of innovation may constitute an effective method of getting out of the economic crisis for the European Union countries, provided that their public sector creates mechanisms to support innovative activity, especially in small and medium sized companies.
EN
The aim of the present work is the analysis and comparison of the most important foreign experiences in the field of anti-crisis activities undertaken in the years 2008 - 2009 in the USA, Germany, France, Poland and the European Union. Information about anti-crisis policies was collected from press and official publications (source materials) and analysts' commentaries available in specialist and scientific literature. The starting point is a statement that anti-crisis activities should be carried out in a long-term, not short-term perspective. Moreover, the keynote idea of the article is the assumption that every well constructed development policy should connect a strategic component (based on long standing strategy) with a possibility of flexible reactions to new circumstances, including crisis situations. It requires an adequate addition of new operational instruments to the development policy and a connection of long-term activities with the short-term ones. Finally, the author presented the most important conclusions concerning the different approaches of the analyzed public authorities to anti-crisis policy.
EN
In the end of 2008, the financial and economic crisis engulfed the world's economy. On the one hand it originated in the weaknesses of the American economic system and economic policy, and on the other hand in the deficiencies of the world's financial architecture. A characteristic feature of the latter is an asymmetry on many planes and a lack of opportunities for global financial institutions to influence the economic policies of individual countries - at least in regard to marking the limits and boundary value problems for the economic and financial policies. The key to a provision of the world economy resistance to global financial and economic crises is the abandonment of unilateralism in conducting foreign economic policy and strengthening the role of global financial and economic institutions.
EN
The aim of the article is to analyze the determinants of the latest financial crisis. The starting point for this is the analysis of trends in the American real estate market because the dynamic development of this market should be considered as a so-called 'shock' leading to the burst of the present crisis. However, the intensive development of the real estate market in the USA would not have been possible if there had not been numerous factors favorable to its boom which are discussed in detail in the article. On the other hand, the creation of the 'bubble' in the real estate market and then its 'burst' with all the negative consequences, especially serious as they can wield enormous influence on the most risky segment of innovative financial instruments based on mortgages, contributed to the burst of the financial crisis.
EN
This article explores the concept of public service and public interest. Drawing on the philosophies of Martha Nussbaum, Virginia Held, and Nancy Fraser, the presented text contests traditional political-economic and cultivation theories that emphasize efficiency, performance, and perfection. Instead, it posits an approach that integrates human vulnerability as a valuable aspect of the “good life,” thereby fostering a richer understanding of public interest. It criticises the exclusive and perfection-focused narratives, proposing inclusive “counter publics” that recognize and value diverse community interests. The 2018 performance of Frljić’s “Our Violence, Your Violence” in Brno, CZ provides a tangible illustration of these concepts, showcasing how theatre can function as a democratic platform for dialogue or fail in this mission due to paternalism. The article concludes with a call to reimagine public service in theatre to encourage democratic decision-making, appreciate human vulnerabilities, and foster dialogue and inclusion.
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