Articles

The EU is currently going through a multidimensional crisis and loses its defenders: both in the societies and among politicians. This trend is reversible, but we need to offer fresh solutions and make Europe a great dream again. In Warsaw, at the crossroads of East and West, we are perfectly positioned to do it.

As usual, the wording of this political declaration is vague and the purpose is unclear. Will it bring more flexibility to the EU economy and labor markets or will it make them more rigid? The whole text is permeated with the spirit of having your cake and eating it at the same time.

Only 10% of Hungarian members of parliament are women. This has been basically the case since the change of regime, despite the fact that the participation of women in politics is on the rise all around Europe and the world. And while complete gender equality in political representation is still not feasible in most countries, Hungary is usually at the end of all equality ratings.

Argentina reports that one of its start-ups has been testing an app called Signatura. It is used as a tool verifying official or administrative documents, without the need for third party confidentiality agreements. Potential areas of application include both the public and the private sector.

Azerbaijan, an oil-rich autocracy perched on the Western shores of the Caspian Sea, is determined to teach a lesson to its unruly youth who increasingly break long-standing taboos in pursuit of democratic freedoms. But the policy of sticks alone may no longer work.

Unified tax rules can hardly contribute to trade liberalisation. A diversity of tax systems is not a roadblock for free trade. Quite the opposite, differences in tax systems might serve as a stimulus to trade. Taxes constitute a significant share of costs and a large share of the price of factors of production, labour in particular.

It is estimated that even though the sharing-economy now contributes only EUR 28 billion to the EU economy per year it can grow to up to EUR 572 billion per year. In order to use as much potential as possible, both the EU and its Member States have to implement a regulatory model that is flexible and applicable to different business models.

International trade has always been a contentious issue. Even those who agree that it is beneficial for all countries involved sometimes succumb to the fallacy that trade is a good thing only if it occurs between countries that have a similar level of economic development.

Competition creates pressure to decrease profits in every part of production. Therefore, if someone would like to “help” developing countries by restrictions and price regulations, there should not expect that all costs will be absorbed by the corporations.

New York, November 11, 2016 – the Lithuanian Free Market Institute’s textbook Economics in 31 Hours receives a prestigious $100,000 Templeton Freedom Award for giving the young generation of Lithuania a chance to learn how property rights, free exchange, profit and competition shape decisions and actions in our everyday lives.