Suchergebnisse

This book describes the opening of the Hungarian economy from the early This book describes the opening of the Hungarian economy from the early1980s to the current transition. It analyses the management of external debt and international competitiveness, and shows that the dismal economic performance of the country was only partially homemade. Assurances by the international financial community - that uninterrupted debt service would guarantee access to international capital markets - as well as protectionist western trade practices contributed considerably to Hungary's difficulties in credit management and export performance.

The paper analyses the extent of and the reasons behind limits to competition policy harmonisation in EU enlargement. Our focus is on vertical restraints. First, we compare the relevant legal regimes towards vertical agreements in the EU and in Eastern Europe. We then describe competition policy practice in all ten EU candidate countries and point out differences both between East and West and among the candidates. Finally, we use insights from case studies of subcontractor agreements in the Eastern Europe. to highlight instances of non-conformity between (1) East European competition law and practice and (2) EU rules and East European competition law enforcement. Our conclusion targets an underdeveloped competition culture as primary culprit for limits to effective – as opposed to merely legal – harmonisation of competition policy in the run-up to EU enlargement.

The idealistic rationale of European enlargement has a deeply practical side to it. When the European Community took in Greece, Spain, & Portugal in the early 1980s, the principal objective was to shore up the democracies that had emerged after the collapse of more authoritarian regimes. A similar objective lies behind the present enlargement. Specifically, the European Union's expansion to the East & South is an attempt at risk management: the major economic transformations underway in Eastern Europe have unleashed forces that -- while not unfamiliar in most advanced industrial societies -- could topple fledgling democracies. This challenge is different from that confronted in the case of Greece, Spain, & Portugal, not only because of the greater disparities in economic capacity between the candidate countries & existing member states, but also given the difficulty of stabilizing political regimes through the process of developing market economies. Adapted from the source document.

This stimulating book addresses the relationship between market authority and political authority - a favourite theme of Susan Strange to whom the book is dedicated. From a survey of the bias against capital liberalisation in economic thought to an analysis of the US role in global monetary affairs, it discusses how and why free capital flows contribute to the instability of the global capitalist system. The internationally renowned contributors analyse the history and theory of international capital flows to make sense of contemporary global investments and what they mean for global polity and the economy. They argue over the challenges of integrating large developing countries into a liberal world order and the consequences of the multilateral system for the world's poor. In further discussions they investigate the sustainability of global capitalism in light of financial crises, widespread inequality and the uncertain future for traditional welfare states. They also advance various mechanisms through which they believe greater stability and equity could be introduced into the global financial system and the world economy. Implicit in these arguments is the shared belief that tensions between visions of a rule-based, liberal world and concepts of a more equitable distribution of resources drive most of the major conflicts in the global economy. Investigating the economic, political and social drawbacks of volatile global finance, and the human choices required to introduce stability, equity and a sense of purpose to the world economy, Markets and Authorities will be an invaluable addition to the fields of economics, political science, political economy and international business

Calleo, D. P.: Europe and world order after the Cold War. - S.15-25. Strange, S.: Europe's future in the global political economy. - S.27-32. Lorentzen, J.: Globalization and national welfare: how Europe fails to square the circle. - S.33-44. Zimmermann, W.: Central and Eastern Europe: borders of the map and borders of the mind. - S.47-53. Ramazini, R. K.: The euro-mediterranean partnership: the Barcelona framework. - S.55-77. Stevens, C.: Europa and the developing word. - S.79-84. Xiang L.: The irrelavance of Chinese foreign policy. - S.85-92. McCarthy, P.: Is there a European culture? - S.95-110. Flego, G.: Is there a European identity? Some philosophical considerations. - S.11-121. Hichens, C.: Othello's tower: the Eastern Mediterranean as the first and last frontier in the new world order. - S.125-133. Ellwood, D. W.: Do we need them to define our identity? Europe's American challenge today. - S.135-147