Suchergebnisse

This paper describes the main theoretical concepts of the competition, which is thought to be the fundamental social process in the economy. The protection of competition (or the competition policy) is the one of the most important parts of economic policy, because the competition ensures the freedom of choice. The theory of competition provides large number of assumptions, which were developed within the frame of various economic schools & approaches. This paper starts with the description of the history of competition policy before the coming of Adam Smith. In the middle part of the work there have been formulated basic ideological theses about economic policy. Represented are, for example, the Classics, Ordo-liberalism or Neo-austrian School. Paper is finalized by the major theses of the Harvard & Chicago school. References. Adapted from the source document.

In this short paper there will be introduced the stream of economic theory labeled as the New Economic Geography (NEG) & derived the core-periphery model, a flagship of the NEG. It is a model of two regions with imperfect competition & increasing returns to scale, where some properties of the model contrast certain features of basic neoclassic models of regional economics & international trade. The role of monopolistic competition & increasing returns to scale opens the possibility of highly nonlinear effects of production location with respect to barriers of trade. I analyze main mechanisms of the model & discuss the relevance of the NEG for economic policy in the context of European economic integration. Graphs, References. Adapted from the source document.

This article is focused on the composition & development of the so-called Scandinavian approach to economic policy. The first part describes its three main posts, this is labor market, public sector, & social equality. Two main streams of Swedish labor-market policy are centralized wage bargaining managed by the Rehn-Meidner model under the motto "equal wage for equal work," which was transformed into "equal wage" & the so-called active labor-market policy. The second part deals with macroeconomic policy & progressive market regulation & competition obstacles, & the third part introduces the Swedish tax system with its highly progressive tax rates & its 1985 & 1991 tax reform. 2 Tables, 9 Graphs, 27 References. Adapted from the source document.

2004, which was also the year of EU entry, was quite successful for the Czech economy. Economic growth accelerated, driven in particular by the investment demand & exports. After 10 years of permanent deficits, the trade balance deficit diminished significantly. The effects of EU entry, which opened new chances to the exporters, accompanied the positive impact of FDI inflows from the past. Due to acceleration of exports, industrial output registered a record high growth within the last decade. Accelerating economic growth did not provoke inflationary pressures. Two waves of VAT increase (in January & May) were absorbed until the end of the year. A strong increase in PPI resulting from high world prices of oil & gas had no spillover effect to consumer prices due to strong competition between both the producers & traders. At the beginning of 2005, economic growth continued with the same pace as in 2004, driven by investment demand & exports. Consumer demand kept on weakening, consumption of households registered the weakest growth since the end of 1998. Both the industrial production & exports reported a slowdown due to sluggish economic activity in the euro area, especially in Germany. Tables, Graphs. Adapted from the source document.