At the end of the day, efforts to protect domestic businesses are always paid by the consumers. Nothing is free, the same is true also for protectionism. It leads to higher prices and worse quality of services that protected businesses offer.
Automotive industry plays one of the most important roles in economies of the Visegrad Group countries. The sector became the regional leader in export and a reason for close ties among countries. Hyundai Kia in the Czech Republic and Slovakia is a textbook example of how one company ignores artificial national borders.
I am not questioning the values of politicians. If they believe that the means of production should belong to the state, it is their right to do so. However, we are living in an independent Lithuania and so members of the parliament must at least be objective and impartial.
One of the most important factors in shaping country’s political system is the electoral system. It determines the number of relevant political parties and how they work internally. This article will discuss the workings of the proportional voting system for the lower chamber of Czech Parliament1 and its impact on the Czech political system.
Following the Greek tragedy, there is a search for ways to prevent crises of similar magnitude from happening. Different state representatives are coming up with different solutions on how best handle such situations. What the eurozone needs are more voices advocating for the benefits of competition.
Uber, established in 2009, today is valued at around $50 billion and its great success lies in the simplicity of the business model. Anyone can become an Uber driver in the USA, but is it so simple in Europe?
After a recent TV address of Georgian Prime Minister Irakli Garibashvili, it became known that the state’s efforts in 2014 and the coming years will be focused on the implementation of an import replacement policy. According to the prime minister: “it is a shame when imports account for 80% of the net export structure.”
The Lithuanian Parliament and the Ministry of Agriculture are destroying competition in the dairy sector through the egregious regulation of raw milk purchases. Much noise has been made over this new law, which places onerous restrictions on the dairy market of dubious constitutionality.
During the last few months another debate whether liberalisation of the Polish postal market is necessary took place. It was triggered by the tender for courts’ and prosecutors’ mail delivery and the unsuspected change of a delivery company.
Michel Barnier, European Commissioner responsible for internal market and services, has rejected all principles based on free market and freedom to choose, and showed he is a communist, or he is just joking with us.