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• "Siamese Twins" or mutual loathing: economic dimensions of EU-USA transatlantic relations

  83-100

  Eszter Lang

  Gergely Maklary

  Views:

  122

  The present study addresses the system of transatlantic relationships which, while not without difficulties and discomforts, are at the same time in a state of continual development and expansion. Starting from the historical and diplomatic antecedents and the main characterisitics of the commercial and investment relationships between the EU and the USA, the authors examine the components and operating mechanisms of bilateral economic, co-operation. In describing economic relationships, the authors attempt to answer the questions of how accurate the expression "Siamese Twins" is when applied to transtatlantic co-operation, how the bilateral relationships influence NATO and EU expansion, and what the future holds for transatlantic co-operation.

• Nemzetközi együttműködés a változó világgazdaságban: Magas István – Kutasi Gábor (szerk.): Változó világgazdaság. Globális kormányzás – vállalati nemzetköziesedés – regionális fejlődés. Tanulmányok Simai Mihály 80. születésnapjára. Budapesti Corvinus Egyetem, Budapest, 2010, 358 oldal.

  151-158

  Nora Elek

  Views:

  120

• Analysis of Fiscal Policy in the Countries of the PaCifiCa

  109-126

  Andrea Postenyi

  Views:

  117

  Volatility has been a main factor in Latin America for decades, but these countries have managed to eliminate it more or less successfully by a series of reforms over the last few decades. Regional integrations have emerged in response to the challenges of globalisation. The most recently created integration is the PaCifiCa, and it is worth analyzing the current fiscal situation of its member states, which largely determines the success of future cooperation. Although the four countries observed managed to survive the 2007-2009 crisis with stable fundamentals, the downturn drew attention to the differences between these countries: while Chile and Peru are able to react easily to cyclical swings by applying countercyclical policy, the economies of Colombia and Mexico are much more vulnerable. The assessment of the welfare systems shows that although Chile has an extensive welfare system, the countries in the region still significantly lag behind the traditional concept of welfare state.

  Journal of Economic Literature (JEL) code: H50, H60

• Is the strategic thinking characteristic of SMEs in the North Hungarian Region? – experiences of a survey

  88-100

  Katalin Takacsne Gyorgy

  Istvan Takacs

  Views:

  134

  Regional differences can be observed in the economic importance of small and medium sized enterprises. The research covers the small and medium enterprises within the North Hungarian Region, based on a questionnaire carried out in the autumn of 2011. We examine the existence of a conscious strategic vision of the future and their innovative capability. The low economic activity, the low proportion of industrial enterprises, which is below the national average, and low professional skills are typical of the region. Those managers who have a conscious strategy reported above average profitability. We revealed a correlation between the depth of strategy knowledge and the existence of a formalized strategy, paying attention to the role of education and skills. The knowledge and the acceptance of innovational cooperation opportunities (innovational nets) are at a low-level in the region. Besides strategic thinking, one key element for strengthening the sector is continuous renewal, innovation, observing best practice, and imitating it.

  Journal of Economic Literature (JEL) classifications: D220