Global Economic Observer

Articles from Vol. 5, No. 1, 2017

Accounting and Fiscal Aspects concerning Value Added Tax Adjustment
1.IntroductionTMF Group Romania, an outsourcing company present in the country for 17 years, has released a report identifying frequent changes in legislation as one of the major challenges faced by companies in Romania.Starting from this observation,...
Budget Sustainability of Municipalities and Local Government Units - the Czech Republic Study
1. IntroductionThe public sector is part of the national economy, whose main area of interest is to carry out a public service, who are funded from public funds as well as are managed and administered in public administration. Decisions within public...
EU-China Relationship on Global Security Issues
1. IntroductionFor 41 years, UE - China relationship has been characterized by the media as a love-hate trade story. Judging by the controversies over antidumping European policy, granting the Market Economy status/ MES to China by Brussels authorities,...
EU's New FTA Strategy: A Response to the Transformation of World Economy and Its Implications
1. IntroductionSince the EU published the Communication of "Global Europe: Competing in the world" (European Commission, 2006), EU's practice in free trade agreements (FTAs), became a topic for a number of discussions and analyses. Obviously, from the...
Features and Expansion of China's Energy Market
1. Introduction on China's current energy trendsChina's rise has been compared in the economics literature with that of the US or Germany in the first half of the twentieth century, or with that of Japan in the latter part of the century. At the beginning...
Industrial Restructuring in China and in the EU and New Opportunities for China-EU Industrial Cooperation in the Context of a Changing Global Economy
1. The situation of the world economy over the past few years and the new wave of industrial strategiesIt has been over 8 years since the outbreak of the 2008 international financial crisis, and the world economy still remains in the doldrums. On the...
Introducing Identification Technology in Manufacturing Companies and Their Impact on Business Economics
1.IntroductionIn the competitive and dynamic environment of manufacturing companies, logistics is an important strategic factor for maintaining the competitiveness of companies. The use of identification technologies in the manufacturing process of companies...
Optimizing Tax Costs Relating to a New Business
1. IntroductionTax optimization includes any decision which leads to tax cost reduction. Tax costs are related not just to the taxes due, but to the deadlines and recovery of claims or losses too. Tax optimization solutions aim at making taxable operations...
Prospect and Forecast of "16+1" Local Cooperation
1. IntroductionIn 2012, the platform for "16 + 1" cooperation was born. Just a few years later, cooperation in all kinds of fields between China and 16 Central and Eastern European Countries (CEECs) has achieved remarkable results. Especially since 2013,...
Reflections on the Future of the European Union and the Euro Review of Joseph E. Stiglitz's Book "The Euro - How a Common Currency Threatens the Future of Europe" 1
Reflections on the Future of the European Union and the Euro Review of Joseph E. Stiglitz's Book "The Euro - How a Common Currency Threatens the Future of Europe" 1Discussions regarding the fate of the European's Union common currency - the Euro - have...
Romania Industrial Competitiveness and China-Romania Cooperation
1. IntroductionA country's factor endowment structure determines the relative labor productivity of the domestic industry, which reflects the level of industrial competitiveness (Ricardo, 1951). Therefore, it is necessary to carry out the analysis of...
The Agricultural Cooperative in Romania and Worldwide
1. IntroductionRecently, Law no.164/2016 was amending and supplementing the agricultural cooperatives Law no 566/2004. This law establishes the legal framework of the organization and functioning of cooperatives in agriculture. The agricultural cooperative...
The Main Objectives of the EU Energy Policy: Competitiveness, Security, and Sustainability. the Prospects of Cooperation with China in the Energy Sector
1. IntroductionThe European Union energy policy has three main objectives:* to provide an "energy mix" in order to achieve security of energy supply;* to create a competitive environment so that energy suppliers can ensure affordable energy supply to...
The New Characteristics of Globalization and Their Impact on the Design of a New International Economic Order
1. The new characteristics of globalization - an unconventional approachGlobalization, like any other phenomenon related to social-economic systems, big or small, is under a constant change, particularly as it encompasses the largest frame of existence...
The RMB Internationalization and the Reform of the International Monetary System
1. IntroductionThe reform of the international monetary system was triggered by the global financial crisis in 2008. However, from a long-term perspective, it was the result of changing economic powers (Gao, 2015). Over the past decades, emerging economies...
The USA and the Russian Federation: What's Next in the Post-Sanctions Era? 1
1. About the international sanctions effectiveness - the case of the Ukrainian crisisThe Ukrainian crisis has induced severe tensions between the Russian Federation and the United States of America. The conflict peaked when Russian troops were committed...
World Merchandise Trade
1.The volume of world merchandise tradeThe volume of world trade continued to grow slowly in 2015 recording a growth of 2.7 per cent, measured by the average of exports and imports (the volume of exports grew by 3%, while the volume of imports grew by...
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