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171. Economic policy and macroeconomic developments in Hungary, 2010-2015

Author:
Gábor Oblath
Publication Date:
09-2016
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
The publication "Economic policy and macroeconomic developments in Hungary, 2010–2015" discusses the factors responsible for Hungary’s growth performance. In the 143rd mBank - CASE Seminar Proceedings Gábor Oblath argues that that the factors essentially responsible for Hungary’s growth performance over the last five or six years were mainly exogenous to Hungarian government policy. The acceleration of economic growth observed in 2014 was due to, in particular, exceptionally large transfers from EU funds, which have nothing to do with the government’s so called “unorthodox” economic policy. By contrast, the decline in the quality of the institutional environment of the economy is a direct consequence of both the spirit and the methods of the economic policy pursued.
Topic:
Government, Economic Growth, Economic Policy, and Macroeconomics
Political Geography:
Europe, Hungary, and European Union

172. VAT non-compliance in Poland under scrutiny

Author:
Grzegorz Poniatowski, Jarek Neneman, and Tomasz Michalik
Publication Date:
07-2016
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
Since 2009, despite constant growth in the tax base and only slight variations in effective rates, the trend in VAT revenue in Poland has been reversed, and inflows have become less stable. The ongoing decline in VAT collection and the increase in the uncertainty related to the main component of budget revenues is a very important problem, which in the light of growing budget spending may threaten the stability of public finances. In the new mBank - CASE Seminar Proceedings three experts: Grzegorz Poniatowski, dr. Jarosław Neneman and Tomasz Michalik examine the structure and the causes of the VAT gap as well as the legal context and possible methods of improving VAT compliance at national and European level.
Topic:
Budget, Economic Growth, Tax Systems, Fiscal Policy, and VAT
Political Geography:
Europe, Poland, and European Union

173. The condition of and prospects for the private equity funds market in Poland

Author:
Barbara Nowakowska, Piotr Noceń, Michał Surowski, and Michał Popiołek
Publication Date:
02-2016
Content Type:
Special Report
Institution:
Center for Social and Economic Research - CASE
Abstract:
In the publication, Barabara Nowakowska and Piotr Noceń discuss 'Poland’s Private Equity Market: Current Conditions and Development Prospects', and Michał Surowski and Michał Popiołek describe 'Private Equity From a Bank’s Perspective'.
Topic:
Development, Markets, Financial Markets, Economic Growth, Banks, Innovation, and Trade
Political Geography:
Europe, Poland, and European Union

174. Canadian Trade Negotiations in an Era of Deep Integration

Author:
Patricia Goff
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is noteworthy for the expanded role that Canadian provinces and territories played in the negotiation. In this particular instance, these sub-federal actors had a seat at the negotiating table at the request of their European Union partners. However, this paper argues that CETA is exceptional in this regard. Despite the fact that regional trade agreements increasingly contain provisions that relate to areas of provincial and territorial jurisdiction, each trade negotiation is distinct. The CETA experience should not create the expectation that provinces and territories will always participate in the same capacity. Any enhanced role will depend on the federal government’s strategic assessment of any specific trade negotiation.
Topic:
International Trade and Finance, Markets, Political Economy, Treaties and Agreements, and Regulation
Political Geography:
Canada and European Union

175. CETA and Financial Services: What to Expect?

Author:
Patrick Leblond
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
Centre for International Governance Innovation (CIGI)
Abstract:
The Canada-European Union Comprehensive Economic and Trade Agreement (CETA) is possibly the most ambitious regional free trade agreement that Canada and the European Union have negotiated so far. One of its main components is a chapter that seeks to liberalize trade and investment in financial services between Canada and the European Union, while ensuring that markets and their agents will be properly regulated and protected through prudential regulation. However, this chapter is unlikely to have a significant impact on the financial services sector in Canada and the European Union in the short and medium term. Although some observers fear that CETA might undermine the high quality of financial regulations in Canada or the European Union, this paper’s analysis demonstrates that such concerns are unfounded.
Topic:
International Trade and Finance, Markets, Treaties and Agreements, and Regulation
Political Geography:
Canada and European Union

176. The Dutch Referendum on the EU-Ukraine Association Agreement

Author:
Guillaume Van der Loo
Publication Date:
04-2016
Content Type:
Working Paper
Institution:
Centre for European Policy Studies (CEPS)
Abstract:
In an advisory referendum held in the Netherlands on April 6th, over 61% of the voters rejected the ratification of the Association Agreement (AA) between the EU and Ukraine. If the Dutch government were to act on the outcome of the referendum, which had a low turnout of 32%, an unprecedented situation would emerge in which an EU international agreement cannot enter into force because a member state is not in a position to ratify it. Although the political character of this referendum and the Dutch Advisory Referendum Act (DRA) and the geopolitical implications of the AA itself have already been the subject of heated discussions in the Netherlands and beyond, the legal implications of this referendum remain unclear.
Topic:
Diplomacy and Geopolitics
Political Geography:
Ukraine, Netherlands, and European Union

177. The United States and the European Union: Essential Partners in a Turbulent World

Author:
Anthony Luzzatto Gardner
Publication Date:
04-2016
Content Type:
Working Paper
Institution:
The Ambassadors Review
Abstract:
Four years ago the European Union won the Nobel Peace Prize for the “over six decades [in which it has] contributed to the advancement of peace and reconciliation, democracy, and human rights in Europe.” How quickly the mood has changed. While it has become fashionable to charge that the European Union is on the verge of collapse in the face of dire current challenges, rumors of the European Union’s demise would appear premature. The successes achieved in 2015, as well as the potential future areas of good news, are frequently underappreciated. The United States is firmly committed to investing in its relationship with the European Union. This is a partnership that delivers, as it will bring dividends to both the United States and the European Union for the long term.
Topic:
Peacekeeping, Democracy, Europe, and Europe Union
Political Geography:
Europe, United States of America, and European Union

178. Migration In Europe Bridging the Solidarity Gap

Author:
Pierre Vimont and Pierre Vimont
Publication Date:
09-2016
Content Type:
Commentary and Analysis
Institution:
Carnegie Endowment for International Peace
Abstract:
Painfully and hesitatingly, the EU has managed to stem its migration crisis, regaining control of its borders and ensuring a dramatic drop in the flow of migrants. Yet, the migration issue is not going away, and the political debate around it persists. Europeans need to work together in a field where in the past they have been eager to act on their own; and they must define an integrated policy based on a genuine sense of solidarity.
Topic:
Migration
Political Geography:
Europe and European Union

179. Evaluating Western Sanctions on Russia

Author:
Sergey Aleksashenko
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Atlantic Council
Abstract:
It has been more than two years since the European Union (EU) and the United States (US) imposed economic sanctions on Russia for its aggression in Ukraine. For some of the measures, though not all, that is time enough to evaluate effectiveness. But before such an assessment can be made, the initial goals of the sanctions should be clearly stated. This is not as straightforward as it might seem.
Topic:
Foreign Policy, International Security, Sanctions, and Geopolitics
Political Geography:
Russia, America, and European Union

180. FROM EU STRATEGY TO DEFENCE SERIES EU Strategy and European Defence What Level of Ambition?

Author:
Luis Simon
Publication Date:
11-2016
Content Type:
Policy Brief
Institution:
Clingendael Netherlands Institute of International Relations
Abstract:
The global proliferation of precision-strike systems and the concomitant emergence of anti-access and area denial (A2/AD) capabilities challenges the foundations of Western global military-technological supremacy. What does this mean for current EU debates on military ambition? This policy brief argues that the assumption of the freedom of (military) access and movement, which has guided European strategic thinking since the end of the Cold War, is no longer valid. Europeans should get to grips with the new military-strategic paradigm and translate this into an updated ambition level and related capabilities.
Topic:
International Affairs, Military Strategy, Military Affairs, and Geopolitics
Political Geography:
Europe and European Union