Fdi In Bulgaria And Romania In The Wake Of Eu Accession
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Fdi In Bulgaria And Romania In The Wake Of Eu Accession
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Author : Kalman Kalotay
language : en
Publisher:
Release Date : 2009
Fdi In Bulgaria And Romania In The Wake Of Eu Accession written by Kalman Kalotay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Bulgaria's and Romania's transition from central planning to market economy has been long and difficult. The lateness of their transformation made their entry into the European Union possible only three years later (in 2007) than the other transition economy candidates for membership. The delayed transition and 'Europeanization' of Bulgaria and Romania have been reflected in the patterns of their inward foreign direct investment. Almost three quarters of these inflows accumulated since the beginning of transition have been attracted after the Thessaloniki Summit in 2003 which locked the date of their entry into the European Union. Moreover, there are questions surrounding the quality and the development impact of inbound foreign direct investment. Despite the major labour cost and corporate tax advantages of locations Bulgaria and Romania, these countries have attracted relatively few efficiency seeking projects, mostly in garments and footwear, an industry that may be under global competitive threat. Potentially, however, they could become the 'workbench' within the European Union for many other industries, too. In the near future, the main challenge of these low-income locations is how to ensure that their investment potential materializes. To arrive there, it is important to further improve the business environment (as a continuation of the impressive pre-accession efforts) by strengthening the judiciary system, fighting against corruption and in Bulgaria, against organized crime.
Foreign Direct Investment And Development
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Author : Theodore Moran
language : en
Publisher: Columbia University Press
Release Date : 2011-04-15
Foreign Direct Investment And Development written by Theodore Moran and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-15 with Business & Economics categories.
This volume is the culmination of Institute investigations on the relationship between foreign direct investment (FDI) and development. Today, more than one-third of world trade takes place in the form of intrafirm transactions—that is, trade among the various parts of the same corporate network spread across borders—and the bulk of technology is transferred within the confines of integrated international production systems. This means that FDI and the operations of multinational corporations have become central to the world economy at large. Nowhere is this more important than for developing countries. But as Theodore Moran argues in this new volume, FDI is not a single phenomenon. FDI has such different impacts in the extractive sector, infrastructure, manufacturing and assembly, and services—and presents such distinctive policy challenges—that each broad category of FDI must be treated on its own terms. Indeed, past studies that have aggregated all FDI flows together to try to find some unique relationship to host-country growth or welfare have led to unreliable substantive findings and, sometimes, mistaken policy conclusions. Moran examines each of the principal forms of FDI, extracts the best from previous analysis, and offers new findings and perspectives about how benefits from FDI in each sector can be enhanced and potential damages limited or eliminated.
Trust And Crisis Management In The European Union
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Author : Dóra Győrffy
language : en
Publisher: Springer
Release Date : 2018-01-03
Trust And Crisis Management In The European Union written by Dóra Győrffy and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-01-03 with Business & Economics categories.
This book addresses and explains the divergent economic and political outcomes of the financial crisis in the eight European Union member states which needed a bailout program: Cyprus, Greece, Hungary, Ireland, Latvia, Portugal, Romania and Spain. Looking at crisis management as a series of relationships where cooperation is essential, this book focuses on the essential role of trust during the process. It argues that the presence or absence of trust during the negotiation and implementation of the bailout program leads to self-reinforcing cycles of success and failure. The analysis of these eight countries also explores the institutional sources of trust – it shows that a commitment to limited government is associated with both economic success and resistance to populism. The final chapter considers the implications for the future of the EU and calls attention to the importance of strengthening domestic institutions in order to bridge the gap between concerns over moral hazard and expectations of solidarity.
Consequences Of The European Monetary Integration On Financial Systems
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Author : Stanislav Polouček
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2009-01-23
Consequences Of The European Monetary Integration On Financial Systems written by Stanislav Polouček and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-23 with Business & Economics categories.
The volume consists of twelve chapters that represent updated and revised versions of papers presented at the 11th International Conference on Finance and Banking which took place at Silesian University - School of Business Administration in Karviná, Czech Republic on 17 – 18 October 2007. The chapters are arranged in three thematic parts focusing on exchange rates, financial markets and monetary policy. The purpose of the book is to identify effects of the European monetary integration in financial systems of original, new and potential euro area member countries. The book also aims to evaluate how different are the effects in countries at different stage of the integration process and how important are the implications for national economic policies. Although each chapter is originally an independent study all of them were selected by the editors in order to create consistent book offering a rich blend of well grounded theory, innovative empirical approaches, fresh ideas, and striking conclusions. Contributors include scholars, researchers, central bankers and financial practitioners from respected universities and financial institutions. “I highly recommend this book to everyone, economist or not, who want to better understand the enormous challenges that financial systems nowadays have to face, particularly in the context of the European monetary integration. One of the main advantages of this book is that it does not reflect the opinion of only one author, but instead, it presents the views of 23 authors, all academics and qualified researchers, working in well known universities and research institutions from different EU and non EU countries.” — Candida Ferreira, Associate Professor, School of Economics and Management, Technical University of Lisbon (ISEG-UTL) and Research Unit on Complexity and Economics (UECE) “Analyzing the consequences of the European monetary integration on financial systems is certainly a challenging task, but this book tackles it very successfully by presenting a rich collection of highly original studies on the most relevant issues: exchange rate convergence of euro-candidates, inflation targeting, portfolio choice, volatility, yield curve disturbances and many others, currently debated in finance, macroeconomics and political economy. The International Conference on Finance and Banking at Silesian University in Karviná is a well established scientific event where the hottest issues in the financial scenario are analyzed from an international perspective.” — Marco Mazzoli, Associate Professor of Monetary and International Economics, Director of CESPEM, Università Cattolica del S. Cuore, Italy
The Right To Political Participation
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Author : Gabriella Citroni
language : en
Publisher: Routledge
Release Date : 2022-01-28
The Right To Political Participation written by Gabriella Citroni and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-28 with Law categories.
This book provides a comparative analysis of how judgments from the European Court of Human Rights (ECtHR) and the Inter-American Court of Human Rights (IACtHR) affect political participation and electoral justice at the national level. Looking at specific countries, the work analyses the legal impact the implementation of the ECtHR and the IACtHR judgments has, with a specific focus on cases in which the regional court concerned uses the “democratic argument,” that is, an argument related to democracy and political rights. The reasoning is that, although democracy is a much wider concept, judgments concerning violations of political rights and electoral justice provide reliable indicators to assess the status and sustainability of democracy in a State. Moreover, the analysis of the violations of political rights and electoral justice allows an in-depth comparison between the two regional human rights systems. Mindful of the broader scope of the fall-out generated by the non-implementation of judgments, including in socio-economic terms, the book includes a section exploring how judgments issued by the ECtHR and the IACtHR affect voters’ participation in the countries under their jurisdiction. To this end, an original dataset including the 47 Member States of the Council of Europe and the 20 countries which recognised the adjudicatory jurisdiction of the IACtHR is built. Multidisciplinary in aim and scope of analysis, the book will be an invaluable resource for researchers, academics, and policy-makers working in the areas of constitutional law, international human rights law, and political economy.
Globalization And Policy Challenges For Economies In Transition
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Author : Rob Vos
language : en
Publisher: A&C Black
Release Date : 2011-01-01
Globalization And Policy Challenges For Economies In Transition written by Rob Vos and has been published by A&C Black this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Political Science categories.
The countries in Central and Eastern Europe and the Commonwealth of Independent States have opened up their economies to the world economy as a step towards a profound transformation from plan to market. Some have fully integrated into the European market while others have not. This book focuses on the challenges economies face when in transition.
Foreign Investment In Eastern And Southern Europe After 2008
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Author : Béla Galgóczi
language : en
Publisher: ETUI
Release Date : 2015-12-01
Foreign Investment In Eastern And Southern Europe After 2008 written by Béla Galgóczi and has been published by ETUI this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-12-01 with Europe, Eastern categories.
This book investigates the role that foreign direct investment (FDI) in central-eastern and southern Europe has played in the post-crisis period, comparing patterns across countries and sectors. An overarching objective of this publication is to assess the extent to which FDI can still be seen as a key driver of economic development, modernisation and convergence for Europe’s low- and middle-income economies, taking into account also the risks and limiting factors associated with FDI.
The Political Economy Of The Eurozone In Central And Eastern Europe
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Author : Krisztina Arató
language : en
Publisher: Routledge
Release Date : 2021-06-30
The Political Economy Of The Eurozone In Central And Eastern Europe written by Krisztina Arató and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-30 with Political Science categories.
The idea for this volume came from the enigma that some Central and Eastern European (CEE) European Union (EU) member states have been keen to join the Eurozone while others have shown persistent reluctance. Moreover, the attitudes towards joining have seemingly not correlated with either the level of economic development or the time spent as part of the EU, nor with any other rational reason such as the level of integration into the EU real economy, or the level of trust in the EU on the part of the public. Therefore, at first sight, the answer to the question ‘why in, why out?’ remains rather unclear. The attractiveness of the currency union has nevertheless not disappeared for the CEE countries. Despite the Eurozone crisis of 2010–13, it was during that time that the Baltic states introduced the euro. Then, after a few years of inactivity, Croatia and Bulgaria successfully applied for membership of the exchange rate mechanism in July 2020, amid the economic crisis caused by the coronavirus (COVID-19) pandemic. At the same time, the three Visegrad countries still using their national currencies – Poland, Czechia and Hungary – no longer have a target date to join the monetary union. This volume aims to discuss these issues from horizontal aspects and through country studies, with contributions from expert authors from, or closely related to, the CEE region.
Accelerating Gdp Growth Improved Prospects For European Integration
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Author : Peter Havlik
language : en
Publisher:
Release Date : 2005
Accelerating Gdp Growth Improved Prospects For European Integration written by Peter Havlik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Europe categories.
International Business Concept Environment And Strategy
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Author : Sharan Vyuptakesh
language : en
Publisher: Pearson Education India
Release Date : 2010
International Business Concept Environment And Strategy written by Sharan Vyuptakesh and has been published by Pearson Education India this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
International Business by Sharan is written in a pragmatic way with an inclination on managerial aspect, thus encouraging students to explore international business as a career choice. It deals with the latest topics and development which we are witnessing around the globe. It attempts to impart the core body of knowledge in international business in an interesting and lively manner. This text not only describes the ideas of international business but it also uses contemporary examples, scenarios, and cases to help students effectively put theory into practice.