Growth vs Resilience

“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 →

Are EU New Member Countries Competing against Southeast Asian Countries?

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 →

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