Suchergebnisse

As a consequence of the new regionalism a marked increase in the number of regional groupings can be observed which makes the preferential relations between states even more complicated & complex. One of such complex relationships, which did not come to being during the third wave of regionalism but was strongly supported by it, is subregionalism -- simply said, overlapping of regional integrations. The aim of this comparative study is to analyze a current state & development of subregionalism within two region-wide integrations -- the European Union (EU) & the Asia Pacific Economic Cooperation (APEC) -- & on the basis of this analysis to compare the effects of this phenomenon in both regions. Some general conclusions enabling an assessment of future development of subregionalism & its impact on regionalism in Europe & Asia are the main outcomes of the comparison. References. Adapted from the source document.

This paper investigates the effects of economic growth on income inequality in EU countries by employing econometric models. We estimated the effect of growth on the share of income for all particular deciles of population and on the Gini. Other control variables were included in the models as well. The results showed a negative effect of economic growth on inequality, while this impact is the largest for the deciles ranging from the third to the seventh. This can be perceived as an indication of a shrinking middle class. Inequality-increasing effects were found for long-term unemployment, openness and partly for indicators of importance of the financial sector. Factors reducing inequality were rule of law and population with tertiary education. The size of government turned out to be a rather insignificant determinant.