Suchergebnisse

The article aims to review the political developments in African states throughout their recent post-colonial past. Uprooting political violence & anchoring a stable structure based on a society-wide consensus being just two of the several prerequisites for solving so many other problems which trouble Africa today, this article aims to diagnose at least some root causes & consequences of the generally unsatisfactory political situation on the continent. Having identified a set of political instability symptoms (coups d'etat, civil wars, failed putches etc.) the author first ranks African states according to their political instability rate. On the basis of statistical correlation analysis, the author then investigates the relation between political instability in Africa & a number of quantifiable geographical, demographical, military & economic variables. The author has identified some dispositions increasing -- though with only small statistical significance -- the probability of instability in African states. In order of importance, these include: large territory, high illiteracy rate, low urbanization, high number of ethnic groups living within the territory, & large population. Also, there is a close link between political instability & governmental military spending. It probably has a negative impact on a number of key economic indicators, be it GDP growth, GDP per capita levels, domestic savings, or price level developments. In the final part of his article, the author makes a brief summary of political developments in African countries in the 21st century. Tables, Appendixes, References. Adapted from the source document.

The article deals with the third resource of the EU budget, which is a certain percentage of VAT returned by Member States. It focuses on correlation between average propensity to consume & Member states' GNP per capita. It is a response to critical assessments of alleged regressiveness of the third resource resulting from presumed higher relative consumption in poor vis-a-vis rich countries. Correlation analysis confirms relatively high negative interdependency of both variables. However, the author does not recommend to link VAT payments to average propensity to consume. The results indicate that besides economic prosperity there are also other factors influencing the average propensity to consume. This is even clearer from the EU-13 model not comprising Greece & Luxembourg, which significantly codetermine the intensity of measured dependency. Comparison of average propensity to consume & GNPpc with the average figures for EU-I5 shows four Member States where the negative correlation does not hold. The author also estimates the position of individual Member States towards further existence of VAT as an EU budget resource, including its possible abolition. While proportional payments are among realistic possibilities, introduction of progressive elements into EU budget payments is considered politically unacceptable. Despite the discussed disadvantages, VAT is found as the most appropriate tax revenue for the common EU budget. Tables, Graphs, References. Adapted from the source document.

The main purpose of this article is to show by selected case studies to what extent the euro has already managed to establish itself as one of the key international currencies from the point of view of various aspects, to what extent it fulfills the functions of an important international currency, and what are the prospects of the euro's position in the future. Various signals indicate that the euro already fulfills some conditions which would allow it to become a serious competitor to the dollar in a relatively short period of time. The article is also taking notice of some obstacles and drawbacks that the European Economic and Monetary Union (EMU) has to and will have to deal with.First of all, the author deals with the question of whether the eurozone is an optimum currency area. This is one of the principal theoretical problems which has been accompanying the EMU since the very beginning. Then he shifts his attention to the question, concerning what role does the euro play in the world economy at present from the point of view of the share of the eurozone on the world GDP, trade, officialforeign exchange reserves, selected indicators offinancial markets etc. Then he deals with the role of the euro in the world monetary system -- one of the main subsystems of the world economy. Here is presented a survey of countries which have accepted the euro as its single or main currency, and also countries whose currencies are narrowly linked to the euro by means of various exchange rate mechanisms. The next part of the article outlines the potential of the euro in its "conquest" offurther regions of the world. Both those where the euro is becoming or will become the number one currency (e.g. in the countries of Central and Eastern Europe) in a foreseeable future, and those where it will compete with the American dollar (e.g. in Latin America, in the Middle East etc.). In the final part, the author attemptes (use the same tense) to point out some problems which can influence what?missing subject, if and to what extent the euro really will become a strong and stable currency. At the moment, it is not yet possible to answer concisely and clearly the question of whether the euro will become an equivalent competitor to the American dollar. It is important whether the EMU will or will not break up in the course of the coming years or decades. So far, there have not appeared any signals of this kind. It will be substantial how the member countries of the eurozone will be able to handle the first serious crisis, e.g. analogical to that of 1992-1993. At that time, the exchange rate mechanism (ERM) was abandonned temporarily by the 1talian lira and permanently by the British pound. This crisis of the European monetary system has shown the difficulty or even incapacity to set such a monetary policy which would be simultaneously advantageous for all member countries of a certain monetary system. The question is whetlLer it is possible considering there are usually big differences in economical standing between individual countries. A similar or even a more serious crisis could emerge in a longer time horizon. The EMU thus stays a long term project and a long distance run. It is, however, possible to assume that within the next ten years, it could become totally clear whether the EMU project is a great success or a great error. Adapted from the source document.