In the study of welfare systems, the relation of the social expenditure and the indicators of vulnerability as poverty rates or income inequality indexes focus a great interest in the literature. In this way, we evaluate the productivity of social transfer policies of EU15 states, which are the...

The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration. There are some indications of globalization in retreat, international trade growth slowing down and a transition from optimizing efficiency of global value chains towards...

The economic indicators of the new member states of the EU that joined after 2004 have been generally positive. In this paper, we analyse and interpret the economic development results of the 11 new Member States from the Eastern bloc. The set of individual economic indicators gives us a...

The paper aims to characterize and evaluate the immigration policy of the European Union in the context of the challenges posed by regular and irregular migration processes on a global and regional scale. The EU policy is in line with the United Nations (UN) initiatives aimed at international...

Development aid, one of the most important mechanisms for the redistribution of global wealth, represents financial flows with economic growth and social improvement as their primary objective. Recently, international development cooperation has been in the process of change that requires the...

We argue that the doctrine of the economic advantages of central bank independence cannot be uncritically transferred to the European Central Bank (ECB). To our opinion, it is the State, not its central bank, who bears the ultimate responsibility for the purchasing power of its paper money. Now,...

Die Unternehmen der Mineralölindustrie sind konfrontiert mit gravierenden Defiziten der institutionellen Rahmenordnungen für globales Wirtschaften. Sie reagieren auf diese Defizi-te, indem sie sich auf soziale und ökologische Kriterien sowie auf Governance-Standards freiwillig selbst...

This paper highlights relative price adjustments taking place in the global economy as important sources of the lower levels of inflation rates observed in the recent decades. Using a markup model, it shows substantial effects from declines in wage costs and import prices relative to consumer...

The remarkable stability of low domestic inflation in many countries requires explanation. In this paper, a number of competing hypotheses are evaluated on a stand-alone basis, and all are found to be inadequate. This includes the view that this outcome has been solely the result of more...

We review the large literature on various economic policies that could help developingeconomies effectively manage the process of financial globalization. Our central findingsindicate that policies promoting financial sector development, institutional quality and tradeopenness appear to help...