About 12 years ago, some expert argue that the euro is the last big mistake of the European political class. The benefits are smaller than disadvantages. Free movement of people, goods and services is perfectly possible in a market without a single currency unit. Currency risk must be accepted...

EU enlargement in recent years implied profound changes in the new member states’ international trade; this is explained by the adoption of new principles of trade policy, new tools, able of reshaping international economic relations, causing phenomena of trade creations and trade diversion. Of...

Among the main aims of the European Union there are targets such as the achievement of a high level of employment or obtaining a permanent economic growth and raising the living standard. Achieving such objectives requires the necessity of establishing a common market that represents a single...

Elaborated in the, and in agreement with Priorities National Strategic Framework, the Sector context of national Developing Plan 2007-2013 Operational Program of Human Resources Development (SOP HRD) is an important instrument to sustain the economic development and the cultural structural...

For Latvia with incoming into the European Union big opportunities in the international markets have opened. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In paper various indicators of a national economy before and after...

Due to the global financial and economic crisis, the analysis of the nominal convergence criteria fulfillment in the New Member States of the European Union represents an important point in evaluating the level of readiness of these countries for euro adoption. The global financial and economic...

The paper presents briefly the evolution of inflation over the period August 2008 - November 2010 for the new member states (NMS) of the EU, which are on the waiting list to adopt the Euro (in a random order, they are Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland and...

The paper examines the economic implications of Belarus' participation in the newly created EURASEC Customs Union. The results of the calculations show that after the introduction of a common external tariff (CET) the level of tariff protection in Belarus has not increased noticeably. The...

This paper assesses the pre and post Free Trade Agreement (FTA) pattern in bilateral trade between Pakistan and Sri Lanka. Besides the usual direction of trade analysis we also use general and partial equilibrium approaches in order to evaluate the true potential of this FTA. Our results reveal...

This paper examines empirically the effects of the WTO and RTA membership on the extensive and the intensive margins of trade. Using disaggregated data for a sample of 177 countries, the main findings of this paper are that WTO membership tends to increase the number of products traded between...