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Acetabulum

The European Union and the New Member States’ Dilemmas: The Case of Polandn 2006–07 are around 6–7 per cent annually, inflation is low and the budget deficit is within Maastricht Treaty limits. Unemployment has been reduced dramatically thus, here and there, causing some labour shortage problems. Our exports are expanding at more than satisfactory rates. What is more, pro

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New Challenges for the European Model and How to Cope with Itfic features of the European social model that stopped Europe catching up with the US. This chapter defines the characteristics of the European socio-economic model and the differences between sub-models in different European countries (following Aiginger and Guger, 2006a; 2006b). It then identifies

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Economic Freedom, Confidence and Growth in the ‘rich’ ones. Indeed, life expectancies vary greatly between the developed and the less developed parts of the world. To fight the scourge of poverty and associated low life expectancies, economic growth is essential. This explains why economists have always been acutely interested in the pro

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Public Finances and Structural Reforms in the US and the EU: Lessons for the New Member Statest and impressive progress in reforms and growth. Nevertheless, although there is considerable diversity, their average living standard still lags significantly behind the EU average. Hence, there remains a considerable need for further fiscal and structural reforms to advance their economies. In sea

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Growth versus Security: Choice and the Generational Difference in Preferences be forgone in order to enjoy a desirable level of job or income security. A highly competitive, market-oriented economic system has proved to be more innovative and more efficient, thus also more productive, than any centrally planned system. Therefore, the expected lifelong income of any individua

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In Search of a Perfect Regulatory Systement. Most textbooks also analyze cases where the government cannot control its own actions and fails in regulation. Such failures are believed to be much more harmful to economic development than the market imperfections that they seek to address. In such a situation, two solutions are possible: for

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