The article is concerned with analysis of independence of central banks of the EU Member States within the framework of the ESCB, as well as independence & responsibility of the ECB, & suggests an alternative institutional embodiment of its position, reflecting the specific framework of the EMU. The system of selection of members of the ECB's Executive Board blurs a real collective responsibility towards Member States, which opens possibilities for nontransparent lobbyism. Modified system is suggested so that national banks governors have a symbolic relationship to the political representation, i.e. that they reflect a national economic policy in some way, without being bound & restricted by its formation whatsoever. Tables, References. Adapted from the source document.
The main goal of the article is to analyze the basic problems regarding the Economic Partnership Agreements (EPAs) negotiations between the European Union (EU) and the African, Caribbean and Pacific (ACP) countries. The negotiations so far have been controversial, and discussions about them have been inconclusive. In the first section of the article, the negotiations are set within the context of global politics and are especially examined in the context of new regionalism/inter-regionalism and international trade relations to clarify the motives behind the EPAs. Then the negotiation parties are introduced and a brief overview of the ACP economies follows, since they all have a considerable impact on the EPA discussions. Next, an analysis of possible positive and negative impacts of the EPAs on the development of ACP countries follows. Adapted from the source document.
Since the 1970s, the World Bank has had a new goal: poverty eradication. This essay evaluates the Bank according to this objective. Persisting poverty judges the organization's work negatively. The Bank's many policies were often even contradictory over time, bringing strong criticisms, which its current policies reflect. These are the lessons of former failures in the Banks poverty reductions policies: The Bank's strategies now concentrate on both the market & the state to promote "development." The causes of underdevelopment lie not only in bad governance, but also in states' unfavorable economic positions. It is important to cooperate with the poor while trying to reduce poverty. "Development" is not only an issue of domestic economic reforms: political & social reforms are also important. The World Bank's newest Poverty Reduction Strategy Papers (PRSPs) reflect these changes. They should achieve the ambitious Millennium goals, but time will be their judge. Adapted from the source document.
The study examines results of the accession negotiations of the Czech Republic to the European Union (1998-2000). The main research questions are: how to measure success or failure in the accession negotiations? Are the conditions of the Czech Republic's entry well negotiated? Why are the results of the negotiations the way they are? The study demonstrates that the abilities of negotiators influence the results of the accession negotiations. This confirms the hypothesis that negotiators' abilities, their strategy, & tactics matters in this specific & highly asymmetric negotiations, although the character of the accession negotiations would presume that those should have only minor role in the accession talks. The analysis studies the influence of the negotiators' abilities in the good results in the area of the transitional periods as well as in the relatively less successful outcomes in the financial deal. Although a direct correlation between the effective strategy/tactics & successful results as well as between the incompetent or missing strategy/tactics & unsuccessful outcomes was not found, the study proves the impact of the individual as well as collective strategy/tactics of the candidates. The Czech Republic individually, as well as in the cooperation with other candidates, achieved not only expected minor concessions but was also able to change the original position of the EU & even the EU methodology. The strategy of the Czech foreign policy towards the bilateral disputes with the member states (nuclear power Temein, Benes decrees) could influence the low sum of the future Czech income for the years 2004-2006 from the EU budget, although the resultant amount was mainly determined by the objective reasons in the distribution of the finances among the candidates. Appendixes, References. Adapted from the source document.
The article focuses on the role of the phenomenon of Euroscepticism in the issue of the legitimacy of the European Union (EU), namely on the relation between the current conceptualisation of Euroscepticism and the EU's ability to operate "imide" the system as a credible actor. The text is based on the analytical premise that the EU is not a static entity modeled on a national unitary state or federation, but a dynamic political system. The current definition of Euroscepticism, however, is based on the notion of the EU having a static nature and the existence of the finality of European integration process, which significantly affects the EU political system's ability to perform the basic functions of a functioning political system -- in particular the function of evaluation and (re)formulation of policy objectives. The most important consequence of this approach is the inability of the EU to receive any critical feedback and work with it as a relevant political input. Adapted from the source document.
The economic development of the Czech Republic & Slovakia after the split of former Czechoslovakia in 1993 shows some important differences, caused by different economic policy & the starting level. The convergence of the Slovak economic level to the Czech one was very fast after the World War II, due to the massive reallocation of resources (the transfer of resources in favor of Slovakia represented 11% of the Slovak GDP). The Slovak economy adjusted to the lower economic level after the split by sinking real wages & by depreciation of the Slovak koruna, so that the ULC are now the lowest among the Central European countries. Slovakia enjoyed very fast growth of GDP in recent years fluctuating from 7 to 10%, while in the Czech Republic it reached from 6 to 7%. The abundant inflow of FDI & economic reforms helped to speed the real convergence in Slovakia, which continued fluently after a deep fall accompanying the split of Czechoslovakia. In 2007, the Slovak GDP per capita measured in PPS reached 84% of the Czech one. The common challenge for both economies is to overcome the one-sided orientation on cost/price competitiveness based on low wages & pass over to the qualitative competitive advantage, based on the innovations & production of high quality goods & services. Tables, Figures, References. Adapted from the source document.
The study provides estimates of the size of the fatherhood premium for the Czech Republic in the years 2006-2017, using data from the EU SILC survey. In the years 2006-2009, the fatherhood premium in the Czech Republic does not manifest itself if explanatory variables include the marriage premium and the partner's labour market participation. The fatherhood premium only starts to express itself in 2010 and the following years, when it reaches values from 11% to 15% as a consequence of a decision of families with high-income fathers to have a third child in the years after 2010.
The presented paper describes the first membership of Czechoslovakia in the International Monetary Fund in the post-war period & the circumstances of its expulsion from this institution in 1954. Although Czechoslovakia was one of the founding members of the Bretton-Woods institutions & its relationship with the IMF looked promising at the beginning, the communist political take-over in February 1948 implied substantial change in this development. It was followed by the introduction of a centrally planned economic system & by a shift in the country's foreign-political orientation toward the East. The reason for Czechoslovakia's exclusion from the Bretton-Woods institutions was its repeated non-performance of the member state duties according to the Articles of Agreements of the IMR The main problem was that Czechoslovakia systematically refused to inform the IMF about developments in its economy & consult relevant monetary & economic arrangements with the IMF. Adapted from the source document.
This article deals with the Europeanization of the German parliament as a difficult process of finding a relationship between the German government (Bundesregierung), upper chamber (Bundesrat) & lower chamber (Bundestag) concerning EU-related affairs. One of the results of the recent process of Europeanization is the loss of influence of parliaments in EU member countries. The decision-making process within the Council of the EU can hardly be followed by parliaments & parliamentary committees. This has led to adaptation processes within the polities of EU member countries. This article follows the development of EC & EU-related institutions & committees in both chambers of the German parliament, as well as agreements & changes to the German constitutions adopted in order to assure that the parliament would not lose its influence in EU-related affairs during the period from 1957 to 2006. The conclusion is that there were differences between both chambers of parliament in the way they tried to secure their interests. However, both chambers partly lost their influence although they changed their structures & negotiated new agreements trying to secure their positions. Adapted from the source document.
This article describes core changes, both theoretical & practical, of DC's action unity & its new features after the globalization acceleration during the 90's & the beginning of 2lst century. Following re-defintion of basic terminological issues the authors show that the "unity of purpose" famous in the 70's has not yet evaporated as predicted by some authors in the late 80's. The case is analyzed & illustrated by the failure of 5's WTO Summit in Cancun, September 2003 & also negotiations connected with the creation & activities of Group 21. The problems of agricultural subsidies are in the centre of attention with possible impact on international trade as mainly EU & its new members (including the Czech Republic) is concerned. However, the authors predict that the new LC's "unity of purpose" will be more volatile & fragile than before. Graphs, References. Adapted from the source document.
Economic growth of the Czech Republic differed strongly in two periods: 1996-1999 & 2000-2004. While in the first period the economy was hit by the recession & the average annual rate of growth of GDP reached only 0,9%, in the second period the growth accelerated to 3,2%. The economic growth measured by the indicators of real income (namely of real gross domestic income) was faster. This was caused by positive contribution of the terms of trade. On the supply side the main contributing factors were labor & total factor productivity. On the demand side the growth was pulled by domestic demand which grew even faster than GDP. The contribution of foreign trade becomes positive in the year 2004 & mainly in 2005. Macroeconomic stability of the Czech economy improved substantially in the fields of inflation, monetary development & foreign trade. Imbalances persist in general government budget & on the current account of the balance of payment. The process of real convergence accelerated in the years 2000-2004 & was based on the growth of labor & total factor productivity. In 2004 the GDP per capita in purchasing power standards surpassed 70% of the average level in EU-25. The comparative price level of the Czech Republic in this year reached only 53% despite accelerated process of catching-up. Tables, Graphs, References. Adapted from the source document.
EU programme documents designed to influence the social policies of the member states are filled with concepts of social exclusion and social inclusion. This paper aims to clarify these concepts as they are employed in academic and public policy discourse and to discuss the societal function of this discourse and the impact of the European agenda of social inclusion. The authors show that although concepts of social exclusion and social inclusion are far from straightforward in meaning, their influence on public policy discourse and agenda is evident. The reason is that they redirect social policy towards a multidimensional approach, towards balancing rights and obligations, and towards more complex but also local and individualised policies, though the corresponding discourse bears the normative features of a social 'vision'. The EU's social policy agenda exhibits aspirations towards and some potential for achieving real policy change. On the other hand, there are reservations about its true impact. In this respect, the specifi c societal and political context of its implementation plays a crucial role.
The paper provides an exploratory analysis of regional dynamics among 264 NUTS2 EU-27 regions over the period 1992-2006. Seven different regional indicators are analyzed including wages, household expenditures, retail sales, investments, productivity, GDP, & GDP adjusted for international purchasing power differences. Several aspects of regional dynamics are studied such as convergence, polarization, role of international component, overall mobility, & individual mobility of Czech regions. Different methods are employed including some traditional techniques such as Gini coefficient, Theil decomposition, or kernel density estimates but also more innovative measures based on the pair-wise comparisons of regions. The results suggest strong regional convergence in relative ratios hand in hand with increasing absolute gaps among European regions. The analysis also indicates a significant bipolarity in the investigated distributions & a major role of international component in the process of European regional development. From the Czech regions, only Praha & Stredni Cechy recorded some upward mobility in the European regional rank distributions, while the relative positions of all other units deteriorated. Adapted from the source document.
The paper is concerned with the Czech privatization. According to the author, there was no economic theory of privatization in 1989. Therefore, decision makers in transition economies had to improvise & solve a dilemma: a fast, or slow privatization? The Czech literature on privatization as well as the strengths & weaknesses of privatization methods in the Czech Republic, including of the voucher one, are discussed. The paper argues against the pessimistic view on the Czech privatization, which predominated in the literature in the second half of the nineties. Tables, References. Adapted from the source document.
