"The economic freedom is the freedom which really matters the most"

The economic situation in the USA has been quite unusual ever since the beginning of the financial crisis. June 2008 predictions for the GDP growth were oscillating somewhere between 3.8% and 5.0% but never really came true. The reason for the poor economic performance of the USA, according to Senator Phil Gramm, a keynote speaker duirng a lecture co-organized by CASE, FOR and American Studies Center, University of Warsaw, was fourfold: high tax rates, too much regulation, large public debt and a lack of efficiency. read more » about "The economic freedom is the freedom which really matters the most"

EU cooperation with non-member neighboring countries: the principle of variable geometry

Since the beginning of its existence, the European Union (EU) has been trying to build close economic and political relations with non-member countries. A variety of legal forms has been used, as the EU has always been flexible in offering or accepting the exact cooperation model, trying to adjust itself to the specific needs, constraints and sovereignty concerns of individual partners. The organization has never pushed any country to join its structures or sign association or free trade agreements. The EU’s experience in building a complex and flexible net of economic and political relations with non-member countries can serve as a good lesson and example to follow by other regional integration blocs that face the problem of shaping their external relations with countries that are interested in close cooperation but not membership in a given bloc. read more » about EU cooperation with non-member neighboring countries: the principle of variable geometry

The Polish Transition in a Comparative Perspective

Since the Central and Eastern European countries began their transition reforms toward democracy and free market economy, Poland’s experience has stood out as extraordinarily successful when compared to other countries in the region, especially considering its problems inherited from the previous system. Over the past 20 years, Poland’s GDP has doubled and it showed remarkable resilience in the face of the 2008 financial crisis. In the presentation delivered during 133rd mBank – CASE Seminar, professor Ander Aslund focused on the political reforms and institutional factors that provided for the success of the Polish transition. He discussed the main features of the Balcerowicz Plan, and some of the major points of criticisms directed against it. read more » about The Polish Transition in a Comparative Perspective

The effects of unconventional monetary policy: what do central banks not include in their models?

In 2009, for the first time since the end of World War II, the world economy shrank. This resulted from the economic downturn in highly developed countries and surprised most economists. According to the IMF forecast published in spring 2008, GDP growth in these countries was expected to accelerate from 1.3% in 2008 to 3.8%. In fact, the growth rate was 0.1% in 2008 and minus 3.7% in 2009 (White, 2012). Another surprise was the subsequent poor performance rates reported by the major economies, i.e. the United States and the Eurozone. Five years after the acute phase of the global financial crisis their growth rates have not returned to pre-crisis levels. read more » about The effects of unconventional monetary policy: what do central banks not include in their models?

The NGO sector is getting stronger thanks to the private companies’ help – “25 years of independence. 25 years of the private sector’s involvement in the support of civil society” debate in the Presidential Palace.

The debate concerned the past and the future of co-operation between the private sector and NGOs. Participants discussed forms of the collaboration, its development prospects and the main problems that it faces. As it was emphasized, the occasional and purely financial contacts, should be replaced with strong and long-term partnerships. Ewa Balcerowicz, Chairwoman of CASE Supervisory Council, delivered a presentation opening the first part of the debate. read more » about The NGO sector is getting stronger thanks to the private companies’ help – “25 years of independence. 25 years of the private sector’s involvement in the support of civil society” debate in the Presidential Palace.

War Games or a new economy? - CASE's Maciej Sobolewski during XXIV Economic Forum in Krynica

The increase in military expenditure from 1.95% (guaranteed by Polish law) to the NATO-recommended 2% of GDP, announced lately by President Komorowski, might have a positive impact not only on Polish defense capabilities, but also on our economy. How to ensure that this happens and what exactly might be the economic benefits of the modernization of defense capabilities, were some of the topics discussed during the panel "War Games or a new economy? How to stimulate economic growth in times of danger”, which took place during the second day of XXIV Economic Forum in Krynica. CASE was represented by our vice-president, Maciej Sobolewski. read more » about War Games or a new economy? - CASE's Maciej Sobolewski during XXIV Economic Forum in Krynica

Lessons learned for monetary policy from the recent crisis: mBank – CASE Seminar Proceedings No. 130

“Most people would say that Europe is still sort of coming out of the financial crisis that we had 5 years ago, which was probably the worst since the Great Depression of 1930s. Now just to keep things in context, at the time people were saying that it was going to be worse than The Great Depression, but it was not. It was big, but it was actually not that big compared to some of the crises, especially compared to what happened in the 1930s.” writes prof. Michael Bordo in the newly published mBank – CASE Seminar Proceedings No. 130. read more » about Lessons learned for monetary policy from the recent crisis: mBank – CASE Seminar Proceedings No. 130

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More invisible hand in Ukraine
16.09.2014 | Bartosz Radzikowski

Since it gained independence 23 years ago, Ukraine has been on a good path to develop its own infrastructure and political and financial systems. It has achieved a lot, but it still has a long way to go if it really wants to become a powerful and independent country.

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Do Shadow Bankers Act as Loan Sharks In Emerging Markets?

26.09.2014 | Bryane Michael

The video covers the Playing the Shadowy World of Emerging Market Shadow Banking article, written by CASE Fellow, Bryane Michael, which can be downloaded here.

Check Making law, economics and business easier youtube channel for more videos!