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• Living memories of the past? The new wave of redistribution at the turn of the millenium

  83-104

  Eva Voszka

  Views:

  185

  Redistribution within the economy and the state owned companies subsidized by the government have become a major field of economics policy. The view of the daily press is misleading: it is not a brand new phenomenon. Redistribution was present during the whole transformation of the economy. The article analyses the distinctive features of a new wave started at the turn of the millennium and the central position of private enterprises showing the various methods, the ideologies providing their background and the driving forces. According to the article the factor and basic motivation of redistribution are independent of the political orientation of the ruling governments, it is only their approaches that vary. The support of domestic private enterprises is a failure concerning the direct political aims. Anf from sociological aspects it supports the old attitudes of the planned economy. We could not show clearly favourable economic effects but their chance depends on the method of redistribution. The conclusion of the article: the best support is the decrease of subsidies and the changing of the general economic possibilities into favourable ones for the players in the economy.

• Energy prices and subsidies – Is Europe losing?

  20-48

  Sarolta Somosi

  Éva Voszka

  Views:

  253

  In the early 2020s, several large US public investment subsidy programmes, followed by a surge in energy prices as a consequence of the Russia-Ukraine war, have raised concerns in Europe. This article examines these two recent causes of the weakening of the EU's competitiveness, focusing on the impact of the US Inflation Reduction Act (IRA) on investment diversion. Based on an analysis of the initial consequences of the IRA and some patterns of corporate behaviour, it concludes that, in an environment of political uncertainty, the relocation of firms and investment to the US is not yet a mass phenomenon, but that the new situation may lead Europe to develop new coherent strategies.

  Journal of Economic Literature (JEL) codes: F21, F68, L50, L62, O14, O25