On January 1, 2016, provisional application of the Deep and Comprehensive Free Trade Area (DCFTA) with the EU started, which lowers duties on the EU goods. Import duty surcharge (at 5-10%) was cancelled. Further we try to analyse impact of these events on international trade.
Financial crisis with its accompanying factors, including the high rates of unemployment, tax increase and sever cuts in public services led to the increasing popularity of the radical left-wing parties in Greece and Spain, while not rendering the same result in Portugal.
Since the people believe in the static concept of the state, they believe it is a birthright to determine entry into this belief system. They believe the state border is the moral entity of which they are a part, and they judge newcomers accordingly.
Sanders’ speeches reveal that his doctrine rests on three premises and two institutional requirements. The premises are: (1) a just society based on the equality of outcome exists and is desirable, (2) human reason can discover the rules required to bring about such a society, and (3) the political elite should enforce those formal rules from the top-down.
Since the Czech Republic is an export-based economy with one dominant trading partner (Germany), one can be very skeptical of the ability of the Czech government to actually reduce unemployment. On the other hand, there is much the government can do to make the situation worse.
“We must prevent exploitation of workers,” they say. Well, this is a complete nonsense. Capitalist exploitation is nothing but a fable that leftists, populists or inadequately educated individuals uses for haunting employees – just like parents use tales about bugaboos under bed to scare unruly children.
Due to the lack of a two-third majority which would enable Law and Justice to change the Constitution officially and to implement the ideas similar to those of Hungarian Prime Minister Victor Orban, the governing party is often hovering on the edge of breaching the Constitution.
The second part of the interviev by Josef Šíma (president of CEVRO Institute, Prague) with professor Peter Boettke on the importance of mainstream vs. mainline distinction in understanding economics, the power of ideas and education focusing on the link between philosophy, politics and economics, and the new master’s PPE program in Prague.
Lithuania’s level of economic freedom has been steadily improving. The country has jumped up by two positions and ranked 13th in the world in the 2015 edition of the Index of Economic Freedom. The index is compiled by the Heritage Foundation in partnership with The Wall Street Journal.
