Regional convergence in CEE before and after the Global Financial Crisis
By means of simple AN-model of economic growth and stepwise refinement of technical progress (A), modelling of two-century transition process to Great |Divergence (nineteenth century and the first half of the twentieth century), then—from Divergence to Convergence (second half of the twentieth century), and at last, to the acceleration of convergence in the early twenty-first century. The forecast, calculated after this model reveals that Great Convergence will occur by 2050 and the world center of production of goods and services will shift again to China, India and other Asian countries, like it was in pre-industrial era.
This collective monograph presents an interdisciplinary analysis of modern processes in the space of the Greater Europe macroregion. The paper provides assessments and recommendations for identifying the most promising areas of cooperation for the countries of the Eurasian continent. The research focuses on the analysis of the current state of the region from the point of view of globalization trends and complex interaction of two integration associations: the EU and the EAEU. Analyzed the economic, institutional and political aspects of regional integration, as well as the development of the international security system. The scientific project was implemented on the initiative of the Councils of Young Scientists of the Institute of Economics of the Russian Academy of Sciences and IMEMO RAS.
Continuing the research of predecessors on the development and crises in Europe and the near abroad, this work is intended to present their own view of the future of the Greater Europe macro-region. The main question posed by the authors of the monograph is - in what conditions could the countries of Greater Europe develop most successfully? What areas of regional integration (or disintegration) should receive the most attention when choosing a long-term development strategy, primarily within the EU and the EAEU? In order to get closer to the answer to this difficult question, it is necessary to analyze the integration processes in the region, to identify the main challenges and points of bifurcation. The specificity of the task at hand presupposes a fundamental analysis of a significant number of phenomena of social life, which are difficult not only to generalize, but also to present in one book. The authors of the monograph focused on a number of fundamental and most pressing issues of integration, which first of all require assessment and reflection.
The coronavirus pandemic (SARS-CoV-2 or COVID-19, 2019nCoV), which, according to the Chinese office of the World Health Organization (WHO), began to spread from Wuhan no later than December 2019, now has secured its place among global security challenges. Scientists are trying to develop a vaccine against the 2019-nCoV virus, and WHO is helping them. According to the Nature magazine, in April 2020, more than 90 vaccines against SARS-CoV-2 were in the development of a number of pharmaceutical companies (for example, Moderna, Pfizer, Johnson & Johnson, GlaxoSmithKline) and research groups at universities around the world. Researchers tested various technologies, some of which had not previously been used in licensed vaccines. In this paper, we will try to outline some trends in the fight against the pandemic within the countries of the Iberian Peninsula, special attention will be paid to information coverage of this process and misinformation (fake news phenomenon)
In this article, the analysis of the influence of the European migration crisis on the political landscape is made. The analysis of the intergovernmental cooperation in the development of common policies to overcome the crisis is made. The article concludes that national governments strive to coordinate political actions because of the lack of optimal alternative ways to overcome the crisis with local measures.
This article focuses on New Democracy (ND), Greece’s main
conservative party, and its return to power in 2019. The study
enquires into ND’s hegemonic strategy and governing practice.
ND’s hegemonic strategy is grounded in both neoliberal and Far-
Right premises. This enabled ND to create a hegemonic block that
ranges from centrist liberals to far-rightists, while advancing an
anti-leftist ideological project, connected to progressing upper-
class interests. The ND administration unfolds an autocratic form
of executive governance that is based on legislating class-related
reforms, propaganda and effective control of the mainstream
media, and coercive force. These features reflect the development
of neoliberal authoritarianism in Greece. They represent “the new
form of bourgeois republic in the current phase of capitalism,”
bearing the traits of autocracy, illiberalism, and Far-Right
mainstreaming. The study deploys examples from ND’s political
discourse and from policies that the ND administration has
The article describes and analyzes the writings of scholars such as Pitirim Sorokin and Zbigniew Brzezinski and their influence on the formation and development of the theory of convergence of the two world systems, as well as the revival of the spirit of Russian cosmism. The attention is paid to the fact that it was Sorokin who played an important role in the birth of the idea of convergence, the basic idea of which is the joint movement towards each other of both the USSR and the U.S.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.