A European fund for economic revival in crisis countries

Significant volumes of Structural and Cohesion Funds have been pre-allocated but remain undisbursed or uncommitted. In Portugal, unused funds amount to 9.3 percent of GDP, in Greece close to 7 percent, and in central and eastern European countries about 15 percent. These funds should be part of a temporary European Fund for Economic Revival (EFER) for 2011-13, which would promote economic growth in crisis-hit countries and facilitate structural reforms. For countries under financial assistance in particular, the European Commission has a role to play in identifying the â??rightâ?? objectives for which the funds should be used. The Commission could decide to manage the funds directly with the support of an executive agency. Greater efforts should be made to exploit synergies between EU grants and European Investment Bank loans, allowing EIB loans to finance the total costs of a project or programme in small countries, and leveraging the whole EU budget to attract private investment.

Economic Crisis Survey

Provides topline results from a survey of Americans' views on the economy, including the viability of the American dream, the role of entrepreneurship, the 2008 financial crisis, the need for regulation, and the outlook over the next two years

Economic Crisis and Economic Theory

Two dynamic general equilibrium economies compete in explain?ing the United States'interwar business cycles. Despite the demand driven contender's slight advantages, the results remain too close to call a clear winner.Great Depression, Dynamic General Equilibrium.

Economic Crisis and Economic Theory

Two dynamic general equilibrium economies compete in explaining the United States' interwar business cycles. Despite the demand driven contender's slight advantages, the results remain too close to call a clear winner.Great Depression, dynamic general equilibrium

Crisis? What crisis? Australia after(?) the economic crisis

The global economic crisis is not over for Australia. Instead, its effects have been delayed rather than avoided. China’s economic stimulus delayed the impact of the crisis, but as Chinese economy rebalances and its growth slows, Australian policy-makers will have to deal with a series of structural economic vulnerabilities exacerbated by the resources boom. These vulnerabilities include declining demand for resources and high levels of private debt. Australian policy-makers – both political and bureaucratic – maintain through their words and actions that Australia will continue to benefit from Chinese and Asian growth well into the future and that the economy will transition away from the mining boom with few policy innovations required apart from fiscal rectitude. Policy-makers do not view Australia’s growing China dependence as a problem. The paper argues that Australia’s ‘modified’ economic liberal policy framework aims to reinforce Australia’s current economic ‘strengths’ and neglects the significance of economic vulnerabilities and the need for a more diverse economic structure. The embrace of economic liberalism is not total, as many commentators note, but the policy framework enables policy-makers to reject policy activism and justify smaller government

Bolivia's Economic Crisis

By any standard, Bolivia's economic crisis in the 1980's has been extraordinary. Like its neighbors. Bolivia suffered from major external shocks, but the extent of economic collapse in the face of these shocks (including a hyperinflation during 1984-85) suggests that internal factors as well as external shocks have been critical to Bolivia's poor economic performance. One major theme of our work is that the recent economic crisis in Bolivia is a reflection of political and economic conflicts in Bolivian society that have undermined the development process throughout this century. While major reforms have been begun by the present government, many of the deepest problems in Bolivian society that contributed to the crisis remain unresolved.

Worldwide spreading of economic crisis

We model the spreading of a crisis by constructing a global economic network and applying the Susceptible-Infected-Recovered (SIR) epidemic model with a variable probability of infection. The probability of infection depends on the strength of economic relations between the pair of countries, and the strength of the target country. It is expected that a crisis which originates in a large country, such as the USA, has the potential to spread globally, like the recent crisis. Surprisingly we show that also countries with much lower GDP, such as Belgium, are able to initiate a global crisis. Using the {\it k}-shell decomposition method to quantify the spreading power (of a node), we obtain a measure of ``centrality'' as a spreader of each country in the economic network. We thus rank the different countries according to the shell they belong to, and find the 12 most central countries. These countries are the most likely to spread a crisis globally. Of these 12 only six are large economies, while the other six are medium/small ones, a result that could not have been otherwise anticipated. Furthermore, we use our model to predict the crisis spreading potential of countries belonging to different shells according to the crisis magnitude.Comment: 13 pages, 4 figures and Supplementary Materia

ABOUT THE ECONOMIC CRISIS

The economic crisis that the global economy is facing nowadays has started with the financial crisis of the U.S financial system. We are talking about an unprecedented speculative boom at global level which has overcome the previous booms created by the deconomic crisis, exchange rate, metal reserves

Foreign experience of public administration in the context of the economic equilibrium of synthetic economic crisis

This article identify catalysts of synthetic economic crisis. These catalysts are the subject of transnational corporations, international financial, trade organizations, regional integration groupings. Generalized mechanism for the flow of synthetic economic crisis and their types. This article also proves that the response of governments to the process flow of synthetic economic crisis with the help of the classical fiscal, monetary and administrative-legislative instruments are not effective

What lessons can we learn from the present economic crisis for the possible future strategies of enterprises - lesson from Hungary and Slovakia

The paper explores the characteristics of the present economic crisis at enterprise level and its comsequences for possible growth after the crisis. The study builds on international experiences concerning recovery from crisis during the previous economic downturns between 1980 and 2002. Survey results in Hungary and Slovakia are presented with special attention to how companies tried to react to the present economic recession. The study analyses the possible consequences of the strategies followed by the Slovakian and Hungarian firms during the crisis period from the point of view of capabilities for utilizing the options for growth when demand will start to increase