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Volumen 57 (2021): Heft 3 (September 2021)

Volumen 57 (2021): Heft 2 (June 2021)

Volumen 57 (2021): Heft 1 (March 2021)

Volumen 56 (2020): Heft 4 (December 2020)

Volumen 56 (2020): Heft 3 (September 2020)

Volumen 56 (2020): Heft 2 (June 2020)

Volumen 56 (2020): Heft 1 (March 2020)

Volumen 55 (2019): Heft 4 (December 2019)

Volumen 55 (2019): Heft 3 (September 2019)

Volumen 55 (2019): Heft 2 (June 2019)

Volumen 55 (2019): Heft 1 (March 2019)

Volumen 54 (2018): Heft 4 (December 2018)

Volumen 54 (2018): Heft 3 (September 2018)

Volumen 54 (2018): Heft 2 (June 2018)

Volumen 54 (2018): Heft 1 (March 2018)

Volumen 53 (2017): Heft 4 (December 2017)

Volumen 53 (2017): Heft 3 (September 2017)

Volumen 53 (2017): Heft 2 (June 2017)

Volumen 53 (2017): Heft 1 (March 2017)

Volumen 52 (2016): Heft 1 (December 2016)

Volumen 51 (2016): Heft 1 (September 2016)

Volumen 50 (2016): Heft 1 (June 2016)

Volumen 49 (2016): Heft 1 (March 2016)

Volumen 48 (2015): Heft 1 (December 2015)

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Volumen 46 (2015): Heft 1 (June 2015)

Volumen 45 (2015): Heft 1 (March 2015)

Volumen 44 (2014): Heft 1 (December 2014)

Volumen 43 (2014): Heft 1 (September 2014)

Volumen 42 (2014): Heft 1 (June 2014)

Volumen 41 (2014): Heft 1 (March 2014)

Volumen 40 (2013): Heft 1 (December 2013)

Volumen 39 (2013): Heft 1 (September 2013)

Volumen 38 (2013): Heft 1 (June 2013)

Volumen 37 (2013): Heft 1 (March 2013)

Zeitschriftendaten
Format
Zeitschrift
eISSN
2543-5361
Erstveröffentlichung
17 Oct 2014
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

Volumen 55 (2019): Heft 3 (September 2019)

Zeitschriftendaten
Format
Zeitschrift
eISSN
2543-5361
Erstveröffentlichung
17 Oct 2014
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

8 Artikel

Editorial

Uneingeschränkter Zugang

Editorial

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 183 - 184

Zusammenfassung

Conceptual Paper

Uneingeschränkter Zugang

Do free trade agreements promote sneaky protectionism? A classical liberal perspective

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 185 - 200

Zusammenfassung

Abstract

A neglected aspect of regional trade agreements (RTAs) is their protectionist potential. In times of a stagnating World Trade Organization (WTO), growing economic nationalism and skepticism about the merits of free trade and trade agreements, the paper examines to what extent recently signed RTAs really promote genuine free trade or rather foster sneaky protectionism under the guise of free trade. For this, the paper proposes an ideal-type free trade agreement benchmark model based on a classical liberal perspective and applies it in a multiple case study approach to assess three cases of recently concluded mega-RTAs: the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the renegotiated North American trade agreement USCMA, and the Canada–European Union (EU) agreement CETA. The article shows that all of them are far from the classical liberal ideal of totally free trade and have a high content of back door protectionism suitable to raise trade barriers when politically opportune. In particular, the United States–Mexico–Canada Agreement (USMCA) includes many clear protectionist provisions that might even outweigh its liberalizing stipulations, whereas CPTPP and CETA can be deemed net liberalizing. It concludes that given political economy constraints, RTAs can nevertheless remain a second-best solution to the classical liberal ideals of completely unhampered trade and unilateral liberalization provided that they remove more impediments to free exchange than they cement or create.

Schlüsselwörter

  • free trade
  • trade agreements
  • protectionism
  • classical liberalism
  • political economy

JEL Classification

  • B12
  • B27
  • F02
  • F13
  • F55
Uneingeschränkter Zugang

Abenomics: from the “Great Stagnation” to the “Three-Arrows Strategy”

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 201 - 211

Zusammenfassung

Abstract

This article addresses Japan’s economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three “economic arrows” targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows the measures undertaken by the administration. The research question is: to what extent the policy package contributes to stimulating the economy? This question relates to the main problem of the effectiveness of Abenomics. The main purpose of this article is an attempt to evaluate Abenomics from the perspective of 5 years since the time of its announcement.

Schlüsselwörter

  • Abenomics
  • deflation
  • stagnation
  • monetary policy
  • fiscal policy
  • economic growth

JEL Classification

  • E52
  • E62
  • O23
  • O43

Empirical Paper

Uneingeschränkter Zugang

Country of origin from a management perspective of emerging market companies

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 212 - 229

Zusammenfassung

Abstract

The purpose of this paper is to identify the understanding and strategic importance of the country of origin (COO) and its dimensions from the perspective of the emerging market firms.

A qualitative approach was applied using in-depth interviews with 11 informants from owners of emerging market companies of household appliances brands.

COO is perceived by managers of emerging markets’ firms as a multidimensional construct. In addition to the COO dimensions presented in the literature, informants indicate the following: country of technology/innovation origin, country of technical culture, country of service network localization, country of organizational culture origin (COOCO), and country of brand launching (COBL). Country of manufacturing (COM)/assembly/parts is perceived as a strategic imperative, first of all, from the sourcing strategy perspective, and it is less important from the marketing perspective than the country of brand origin (COBO).

This study contributes to existing literature by developing a deeper understanding of the COO dimensions from a perspective of emerging market companies.

Schlüsselwörter

  • country of origin (COO)
  • country of brand origin (COBO)
  • emerging markets
  • international marketing
  • management perspective

JEL Classification

  • M16
  • M31
  • F23
Uneingeschränkter Zugang

Diversity of education systems in the European Union

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 230 - 249

Zusammenfassung

Abstract

This article explores Bruno Amable’s Diversity of Capitalism approach to analyze educational systems in the European Union (EU28). The main goal is to identify the main clusters of educational systems with regard to their institutional characteristics. Second goal of the analysis is to evaluate the impact of several EU policies and initiatives on the institutional structure of European educational systems. This article identified six clusters in terms of general education and five clusters in terms of higher education systems. The clustering shows, that – with some exceptions (notably the United Kingdom and Ireland) – European education systems have similar structure to other institutional areas, in particular, it confirms the existence of post-communist (in terms of Farkas) or patchwork (in terms of Rapacki et al.) capitalism. The article shows, as well, that subsystem of higher education is much less diverse, what may have a significance for future discussions on the capitalisms in the EU. Results suggests also that there exist significant differences in performance between the clusters, something that may have a crucial importance for an educational policy.

Schlüsselwörter

  • education systems
  • clustering
  • Diversity of Capitalism

JEL Classification

  • I20
  • I21
  • O17
Uneingeschränkter Zugang

Comparative empirical analysis of financial intermediation systems in Central and Eastern Europe1

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 250 - 267

Zusammenfassung

Abstract

The purpose of this paper is to evaluate the level of similarity between financial systems in selected Central and Eastern European countries (CEE11) and four models of capitalism in Western Europe identified by B. Amable [The diversity of modern capitalism, 2003]. A comparative analysis in this institutional area was done on the basis of six variables. Three of them represent inputs, that is, institutional determinants, and other three variables describe outputs of institutional regulations. For each of them coefficients of similarity between a CEE11 country and a selected Western European country were calculated, and based on it the similarity hexagons were created. In this paper, two pictures of the institutional arrangements were taken: for 2005 and for 2014. Additionally, an analysis of changes that took place in institutional solutions in the CEE11 countries, based on the variables and the coefficients of similarity, was carried out.

The analyses showed that in the area of financial intermediation, the group of CEE11 countries in 2005 was characterized by the greatest similarity to the Continental model of capitalism. The same investigations carried out for 2014 indicate a significant shift in the analyzed area toward solutions typical of the Mediterranean model.

Schlüsselwörter

  • financial systems
  • comparative empirical study
  • Central and Eastern Europe

JEL Classification

  • P51
Uneingeschränkter Zugang

Are Eastern Baltic Ports the drivers of Eurasian trade?

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 268 - 281

Zusammenfassung

Abstract

Since “Belt and Road initiative” (BRI) has been launched, the major volume of academic studies focus on the consideration of Eurasian land and maritime transport routes. Experts on Chinese foreign policy and geopolitical strategy emphasize possible positive and negative aspects of the initiative for the states involved. The business and political circles from Eastern Baltic Sea region are looking for possible ways to attract cargo to its ports. Yet, the possible transformations of Chinese foreign trade flows in the context of BRI are now under academic consideration. We focus on the evaluation of ports’ possibilities to handle Chinese cargo. The key issues of our study include the choice of cargo transportation routes and opportunities to attract Chinese investment to expand port and logistics infrastructure. The methodology of the research is based on statistical data analysis for the further comparison of transport routes. Our empirical results demonstrate that Eastern Baltic Sea ports can attract little part of Chinese trade flows.

Schlüsselwörter

  • Eastern Baltic Seaports
  • Eurasian trade
  • China’s Belt and Road Initiative
  • cargo transport
  • regional economic development

JEL Classification

  • F02
  • F17
  • R40
  • R41
  • R48
  • R58

Conference Report

Uneingeschränkter Zugang

The International Conference World Economy 2019: Learning from the Past and Designing the Future

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 282 - 284

Zusammenfassung

8 Artikel

Editorial

Uneingeschränkter Zugang

Editorial

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 183 - 184

Zusammenfassung

Conceptual Paper

Uneingeschränkter Zugang

Do free trade agreements promote sneaky protectionism? A classical liberal perspective

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 185 - 200

Zusammenfassung

Abstract

A neglected aspect of regional trade agreements (RTAs) is their protectionist potential. In times of a stagnating World Trade Organization (WTO), growing economic nationalism and skepticism about the merits of free trade and trade agreements, the paper examines to what extent recently signed RTAs really promote genuine free trade or rather foster sneaky protectionism under the guise of free trade. For this, the paper proposes an ideal-type free trade agreement benchmark model based on a classical liberal perspective and applies it in a multiple case study approach to assess three cases of recently concluded mega-RTAs: the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), the renegotiated North American trade agreement USCMA, and the Canada–European Union (EU) agreement CETA. The article shows that all of them are far from the classical liberal ideal of totally free trade and have a high content of back door protectionism suitable to raise trade barriers when politically opportune. In particular, the United States–Mexico–Canada Agreement (USMCA) includes many clear protectionist provisions that might even outweigh its liberalizing stipulations, whereas CPTPP and CETA can be deemed net liberalizing. It concludes that given political economy constraints, RTAs can nevertheless remain a second-best solution to the classical liberal ideals of completely unhampered trade and unilateral liberalization provided that they remove more impediments to free exchange than they cement or create.

Schlüsselwörter

  • free trade
  • trade agreements
  • protectionism
  • classical liberalism
  • political economy

JEL Classification

  • B12
  • B27
  • F02
  • F13
  • F55
Uneingeschränkter Zugang

Abenomics: from the “Great Stagnation” to the “Three-Arrows Strategy”

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 201 - 211

Zusammenfassung

Abstract

This article addresses Japan’s economy, its new economic policy package, which is known as Abenomics. The centerpiece of Abenomics has been the three “economic arrows” targeted at aggressive monetary policy, flexible fiscal policy, and growth strategy. This article focuses on Abenomics and shows the measures undertaken by the administration. The research question is: to what extent the policy package contributes to stimulating the economy? This question relates to the main problem of the effectiveness of Abenomics. The main purpose of this article is an attempt to evaluate Abenomics from the perspective of 5 years since the time of its announcement.

Schlüsselwörter

  • Abenomics
  • deflation
  • stagnation
  • monetary policy
  • fiscal policy
  • economic growth

JEL Classification

  • E52
  • E62
  • O23
  • O43

Empirical Paper

Uneingeschränkter Zugang

Country of origin from a management perspective of emerging market companies

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 212 - 229

Zusammenfassung

Abstract

The purpose of this paper is to identify the understanding and strategic importance of the country of origin (COO) and its dimensions from the perspective of the emerging market firms.

A qualitative approach was applied using in-depth interviews with 11 informants from owners of emerging market companies of household appliances brands.

COO is perceived by managers of emerging markets’ firms as a multidimensional construct. In addition to the COO dimensions presented in the literature, informants indicate the following: country of technology/innovation origin, country of technical culture, country of service network localization, country of organizational culture origin (COOCO), and country of brand launching (COBL). Country of manufacturing (COM)/assembly/parts is perceived as a strategic imperative, first of all, from the sourcing strategy perspective, and it is less important from the marketing perspective than the country of brand origin (COBO).

This study contributes to existing literature by developing a deeper understanding of the COO dimensions from a perspective of emerging market companies.

Schlüsselwörter

  • country of origin (COO)
  • country of brand origin (COBO)
  • emerging markets
  • international marketing
  • management perspective

JEL Classification

  • M16
  • M31
  • F23
Uneingeschränkter Zugang

Diversity of education systems in the European Union

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 230 - 249

Zusammenfassung

Abstract

This article explores Bruno Amable’s Diversity of Capitalism approach to analyze educational systems in the European Union (EU28). The main goal is to identify the main clusters of educational systems with regard to their institutional characteristics. Second goal of the analysis is to evaluate the impact of several EU policies and initiatives on the institutional structure of European educational systems. This article identified six clusters in terms of general education and five clusters in terms of higher education systems. The clustering shows, that – with some exceptions (notably the United Kingdom and Ireland) – European education systems have similar structure to other institutional areas, in particular, it confirms the existence of post-communist (in terms of Farkas) or patchwork (in terms of Rapacki et al.) capitalism. The article shows, as well, that subsystem of higher education is much less diverse, what may have a significance for future discussions on the capitalisms in the EU. Results suggests also that there exist significant differences in performance between the clusters, something that may have a crucial importance for an educational policy.

Schlüsselwörter

  • education systems
  • clustering
  • Diversity of Capitalism

JEL Classification

  • I20
  • I21
  • O17
Uneingeschränkter Zugang

Comparative empirical analysis of financial intermediation systems in Central and Eastern Europe1

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 250 - 267

Zusammenfassung

Abstract

The purpose of this paper is to evaluate the level of similarity between financial systems in selected Central and Eastern European countries (CEE11) and four models of capitalism in Western Europe identified by B. Amable [The diversity of modern capitalism, 2003]. A comparative analysis in this institutional area was done on the basis of six variables. Three of them represent inputs, that is, institutional determinants, and other three variables describe outputs of institutional regulations. For each of them coefficients of similarity between a CEE11 country and a selected Western European country were calculated, and based on it the similarity hexagons were created. In this paper, two pictures of the institutional arrangements were taken: for 2005 and for 2014. Additionally, an analysis of changes that took place in institutional solutions in the CEE11 countries, based on the variables and the coefficients of similarity, was carried out.

The analyses showed that in the area of financial intermediation, the group of CEE11 countries in 2005 was characterized by the greatest similarity to the Continental model of capitalism. The same investigations carried out for 2014 indicate a significant shift in the analyzed area toward solutions typical of the Mediterranean model.

Schlüsselwörter

  • financial systems
  • comparative empirical study
  • Central and Eastern Europe

JEL Classification

  • P51
Uneingeschränkter Zugang

Are Eastern Baltic Ports the drivers of Eurasian trade?

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 268 - 281

Zusammenfassung

Abstract

Since “Belt and Road initiative” (BRI) has been launched, the major volume of academic studies focus on the consideration of Eurasian land and maritime transport routes. Experts on Chinese foreign policy and geopolitical strategy emphasize possible positive and negative aspects of the initiative for the states involved. The business and political circles from Eastern Baltic Sea region are looking for possible ways to attract cargo to its ports. Yet, the possible transformations of Chinese foreign trade flows in the context of BRI are now under academic consideration. We focus on the evaluation of ports’ possibilities to handle Chinese cargo. The key issues of our study include the choice of cargo transportation routes and opportunities to attract Chinese investment to expand port and logistics infrastructure. The methodology of the research is based on statistical data analysis for the further comparison of transport routes. Our empirical results demonstrate that Eastern Baltic Sea ports can attract little part of Chinese trade flows.

Schlüsselwörter

  • Eastern Baltic Seaports
  • Eurasian trade
  • China’s Belt and Road Initiative
  • cargo transport
  • regional economic development

JEL Classification

  • F02
  • F17
  • R40
  • R41
  • R48
  • R58

Conference Report

Uneingeschränkter Zugang

The International Conference World Economy 2019: Learning from the Past and Designing the Future

Online veröffentlicht: 30 Sep 2019
Seitenbereich: 282 - 284

Zusammenfassung

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