Suchergebnisse

The author analyzes fundamental concepts of the school of rational expectation (RATEX, an offspring of the Chicago school of economics). Theoretical foundations of the neoclassical macroeconomy are set out: the hypothesis of rational expectations in the circumstances of perfect competition & the principle of strategic interdependence. Central to these are the hypotheses of variants, misallocation of resources, & neutrality of economic policy. Outlined are rent-seeking & direct unproductive profit-seeking as well as alternative models in the new theoretical economy: economic constitutionalism, deficitarians, the theory of political business cycles, & supply-side economics. 22 References. Adapted from the source document.

The author analyzes the concept of the New Public Management, a common term for a series of public sector reforms being put into practice in the last 20 years in most OECD countries, as well as in developing & transitional countries. The role of the state is expected to be modified with these reforms & would no longer be that of the standard-bearer of progress but of an agent & catalyst of the process of development. A special place belongs to GB, which has a long tradition of a highly esteemed civil service (state administration). The New Public Management used to be linked to Margaret Thatcher's political platform, but outlived her administration. Nevertheless, with time, this "revolution" has proved to have its limits, while privatization & market competition have not boosted GB's macroeconomic indexes. Thus, it is not altogether clear why this model of reform had to be applied in underdeveloped countries. 15 References. Adapted from the source document.

Protectionism is a system of measures used for the purpose of protecting domestic manufacturers from foreign competition. It has emerged simultaneously with the international exchange of goods. The contemporary protectionist policy and practice imposes the necessity of studying this phenomenon in the light of the current situation and conditions. Agricultural protectionism seems to be a particularly significant issue in the international exchange of commodities. ; Protekcionizam označava sustav mjera ekonomske države sa ciljem zaštite domaće proizvodnje u odnosu na konkurenciju inozemnih proizvođača. Javlja se nakon pojave međunarodne razmjene. Međutim, suvremena protekcionistička politika i praksa obavezuje da se istražuje fenomen protekcionizma u suvremenim uvjetima. Posebno je u suvremenoj teoriji za međunarodnu razmjenu značajan agrarni protekcionizam.

Croatia, together with some 30 countries, is waiting to be admitted into the World Trade Organization. Membership in the WTO is the first step in membership in CEFTA & one of the overture steps in joining the European Union. Apart from the undeniable benefits that WTO membership brings, there are numerous pitfalls & sacrifices facing Croatia, which at the beginning may have a detrimental effect on some sectors of economy. Among the sectors most vulnerable to global competition is that of agriculture & food production. Its position on the local market will be significantly weakened, since it is uncompetitive even at the present level of protective tariffs. The central issue in the negotiations for admitting a country or a group of countries into this organization are protective tariffs in this sector. There is no doubt that Croatia will have to reduce these protective measures to the level required by the WTO. What is that going to mean for Croatian agriculture? To what extent is Croatian agriculture (un)prepared to meet these demands? What are the possible consequences in light of the strategic importance of agriculture for any country, Croatia being no exception? 1 Table, 18 References. Adapted from the source document.