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New Member States of the European Union and the Current Trends in the World Economy

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  • Ilya Bolotov

Abstract

This paper describes the specifics of the current development of the world economy and discusses implications for new member states of the European Union, the EU NMS, with a small case study on the Czech Republic. The paper is divided into four parts: the trends, the EU NMS and the effects of the trends in the EU NMS and in the Czech Republic. The paper is based on a general economic analysis of data provided by the World Bank (WB), the International Monetary Fund (IMF), Eurostat, the European Central Bank (ECB) and by the Czech Statistical Office (CZSO). Being familiar with recent macroeconomic trends is nowadays important for Central and Eastern European managers in order to efficiently adapt their strategies to the constantly changing business environment.

Suggested Citation

  • Ilya Bolotov, 2014. "New Member States of the European Union and the Current Trends in the World Economy," Central European Business Review, Prague University of Economics and Business, vol. 2014(4), pages 7-13.
    • Handle: RePEc:prg:jnlcbr:v:2014:y:2014:i:4:id:97:p:7-13
    DOI: 10.18267/j.cebr.97
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    References listed on IDEAS

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    1. Bolotov I. I., 2013. "The internal balance of the EU new member states during the financial and economic crisis: a case study of the importance of foreign capital inflow structure," Actual Problems of Economics and Law Актуальные проблемы экономики и права, CyberLeninka;Общество с ограниченной ответственностью «Татарский центр образования «Таглимат», issue 1 (25), pages 48-54.
    2. Martin Machek, 2012. "Retail Market Structure Development in Central Europe," Central European Business Review, Prague University of Economics and Business, vol. 2012(3), pages 22-27.
    3. Michael Pettis, 2013. "The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy," Economics Books, Princeton University Press, edition 1, volume 1, number 9936.
    4. Rainer Lanz & Sébastien Miroudot, 2011. "Intra-Firm Trade: Patterns, Determinants and Policy Implications," OECD Trade Policy Papers 114, OECD Publishing.
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    More about this item

    Keywords

    world economy; crisis; European Union; new member states; Czech Republic;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F15 - International Economics - - Trade - - - Economic Integration
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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