Economic Archive

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  ECONOMIC GROWTH IN THE EUROZONE AND ON THE BALKANS: A COINTEGRATION ANALYSIS

  The global financial and economic crisis of 2008 and in particular the ensuing debt crisis in the euro area in 2009 affected both the economic growth in the euro area and the economic growth in almost all Central and Eastern European countries, including, although to a lesser degree, the Balkan countries. This lower degree of interdependence ... The global financial and economic crisis of 2008 and in particular the ensuing debt crisis in the euro area in 2009 affected both the economic growth in the euro area and the economic growth in almost all Central and Eastern European countries, including, although to a lesser degree, the Balkan countries. This lower degree of interdependence between most of the Balkan economies and the Eurozone countries is exactly the reason for this study, which aims to determine whether there is a long-term relationship between the economies of the Balkan countries and the Eurozone in general through a co-integration analysis.

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  THE IMPACT OF GLOBAL TRENDS AND COVID-19 ON INTERNATIONAL NEW VENTURES

  The COVID-19 pandemic has accelerated existing trends in the global business environment thus changing the conditions for performing international entrepreneurial activity. Four such trends of a key role in international business are the digitalization and active use of communication technologies, the restructuring of global supply chains, the ... The COVID-19 pandemic has accelerated existing trends in the global business environment thus changing the conditions for performing international entrepreneurial activity. Four such trends of a key role in international business are the digitalization and active use of communication technologies, the restructuring of global supply chains, the erosion of trust in international organizations, and finally yet importantly, the integrity of international business networks and knowledge transfer. The paper explores the impact of the acceleration of these trends on the creation and the success of international new ventures.

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  AN OUTLINE OF THE FAULT LINE IN THE EUROPEAN UNION

  In this research we have made all effort to avoid the natural, geological and physical aspect of the term fault. We have agreed that a fault refers to the absence of unity and agreement in a particular system. Thus, we have fundamentalized our views. The first emphasis is placed on the withdrawal of the United Kingdom (UK) from the EU. We trace ... In this research we have made all effort to avoid the natural, geological and physical aspect of the term fault. We have agreed that a fault refers to the absence of unity and agreement in a particular system. Thus, we have fundamentalized our views. The first emphasis is placed on the withdrawal of the United Kingdom (UK) from the EU. We trace chronologically the period from the adoption of the UK in the EU to the month of December 2020. We have established one of the reasons for Brexit, which refers to the mental differences between the UK and the Continent. Further on, we stress the fact that the faults in the EU, being diverse in nature, are also caused by a first-degree indirect relation to the wakening empires of the world, the Mitteleuropa philosophy, the separation of Old and New Europe, etc. We propose a two-factor matrix, which we use to find the relationship between the stages of the EU expansion and the degree of unity and agreement in it. In the conclusion, we argue that we shall set free from the integration romanticism and work towards a post-Lisbon treaty.