Where in the world are we today? And tomorrow?
“Efficiency comes through optimal adaptation to an existing environment, while resilience requires the capacity to adapt to disruptive changes in the environment.” Efficiency and resilience have long been opposite concepts in various fields, including business management and public administration. The chart below further illustrates that the concept of sustainability could be expressed as a trade-off... Continue Reading →
As far as the European market is concerned, the New Member Countries (NMC) have significant advantages over their extra-EU competitors. This argument is based on two sets of strong evidence: (1) statistics indicating the share of imports originating from inside and outside the EU, and (2) distinct benefits that NMCs enjoy but are not attainable... Continue Reading →
Special economic zones (SEZs) are widely adopted by developing countries today. Shenzhen SEZ was one of the most successful, serving as a locomotive in economic reform of China. However, many more have failed. This essay examines the positive consequences and negative consequences of SEZs. It also investigates whether SEZs are an appropriate and efficient tool... Continue Reading →
