Chapter 9. Regional Economic Integration

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Chapter 9. Regional Economic Integration"

Transcription

1 Chapter 9 Regional Economic Integration

2 Global Talent Crunch The Global Talent Crunch Over the next decade, it is estimated that the growth in demand for collegeeducated talent will exceed the growth in supply for most of the developed world. India s educated workforce is growing 2% annually, while America s is shrinking 0.8% each Graphic Source: Oxford Economics (Fortune 9/22/14)

3 Regional Economic Integration Regional economic integration Agreements between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods, services, and factors of production between each other Designed to promote free trade, BUT Causes competition among regional groups Tax differences and Starbucks Film Harmonization can help governments to collect more taxes Hear about Swiss banks??

4 Impediments To Integration Economic integration can be difficult because: while a nation as a whole may benefit from a regional free trade agreement, certain groups may lose (e.g., unions) it implies a loss of national sovereignty (e.g., regional decisions)

5 The Case Against Regional Integration Trade creation Low cost producers (within the free trade area) replace high cost domestic producers Trade diversion Higher cost suppliers (within the free trade area) replace lower cost external suppliers Regional economic integration - only beneficial IF Trade Creation > Trade Diversion

6 5 Levels Of Economic Integration Free Trade Area Eliminates all barriers to the trade of goods and services among member countries (but members determine their own trade policies for nonmembers) Customs Union Eliminates trade barriers between member countries and adopts a common external trade policy (among nonmembers) Common Market No barriers to trade between member countries, a common external trade policy, and the free movement of the factors of production Economic Union Common currency, a harmonized tax rates, and a common monetary and fiscal policy, free flow of products and factors of production between members, and a common external trade policy Political Union Involves a central political apparatus that coordinates the economic, social, and foreign policy of member states

7 Regional Integration Bodies 1. NAFTA (1) 2. Andean Pact (2) 3. MERCOSUR (3) 4. European Union (EU) (4) 5. ASEAN 6. APEC

8 1 st Level Of Economic Integration 1. Free Trade Area Eliminates all barriers to the trade of goods and services among member countries (but members determine their own trade policies for nonmembers) Examples: European Free Trade Association (EFTA) (between Norway, Iceland, Liechtenstein, and Switzerland) North American Free Trade Agreement (NAFTA) (U.S., Canada, and Mexico) Let s look at it...

9 The North American Free Trade Agreement Abolished Tariffs on 99 % of goods traded Removed most barriers on services Protects intellectual property (IP) rights removes most FDI restrictions Each country can apply its own environmental standards (must have a scientific base) Establishes two commissions to impose fines and remove trade privileges when environmental standards or legislation involving health and safety, minimum wages, or child labor are ignored

10 The North American Free Trade Agreement Supporters argue that: Mexico will benefit from increased jobs The U.S. and Canada will benefit from access to a large and increasingly prosperous market Lower prices for Mexican goods U.S. and Canadian firms producing in Mexico will be more competitive on world markets Critics argue that: Jobs will be lost and wage levels will decline in the U.S. and Canada Mexican workers will emigrate north More pollution due to Mexico's lax standards Mexico would lose its sovereignty

11 NAFTA - Jorge Castañeda s View According to Jorge Castañeda, who later became Mexico s foreign minister, in his book The Mexican Shock, NAFTA was not a deal between competing national interests. It was an agreement for the rich and powerful in the United States, Mexico and Canada, an agreement effectively excluding ordinary people in all three societies. Over 1,000 pages it helped big business to: - Pay less wages in all 3 countries (negotiate with unions) - Dispute settlement procedures to override labor & environmental regulations is more than just an FTA Resulted in: - Less employment in U.S. & Canada - Depressed wages in Mexico, yet increased productivity What should be done, according to Castañeda? Negotiate a rebalanced agreement one with enforceable labor standards and protections equaling those given to investors so that workers wages on both sides of the border could once again rise with their productivity. What do you think?

12 The jury is still out Who Was Right? Research indicates that NAFTA s early impact was subtle (both sides exaggerated) NAFTA increased political stability in Mexico Other Latin American countries would like to join NAFTA

13 Global Regional Trade Intraregional vs. Extraregional Fortress Europe 59% of trade and rising

14 Free Trade Of The Americas Talks began in April 1998 to establish a Free Trade of The Americas (FTAA) by 2005 It did not happen - now support from the U.S., Brazil and Argentina is mixed If the FTAA was established, it would have major implications for cross-border trade and investment flows within the hemisphere The FTAA would create a free trade area of nearly 800 million people Discussions in Colombia in 2012 no results

15 2 nd Level Of Economic Integration 2. Customs Union Eliminates trade barriers between member countries and adopts a common external trade policy (among nonmembers) Example: Andean Pact (between Bolivia, Colombia, Ecuador and Peru) Let s look at it...

16 The Andean Community The Andean Pact: formed in 1969 using the EU model Failed by the mid-1980s Re-launched in 1990, and now operates as a customs union Signed an agreement in 2003 with MERCOSUR to restart negotiations towards the creation of a free trade area

17 3 rd Level Of Economic Integration 3. Common Market No barriers to trade between member countries, a common external trade policy, and the free movement of the factors of production Example: MERCOSUR (between Brazil, Argentina, Paraguay, and Uruguay) is aiming for common market status Let s look at it...

18 MERCOSUR Originated in 1988 as a free trade pact between Brazil and Argentina 1990 included Paraguay and Uruguay Making progress on reducing trade barriers between member states May be diverting trade (rather than creating trade), and local firms are investing in industries that are not competitive on a worldwide basis

19 4 th Level Of Economic Integration 4. Economic Union Common currency, a harmonized tax rates, and a common monetary and fiscal policy, free flow of products and factors of production between members, and a common external trade policy Example: European Union (EU) is an imperfect economic union Lets look at the EU...

20 EU Membership 28 independent member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom (Brexit) Candidate countries: Albania, Montenegro, Republic of Macedonia, Serbia, and Turkey (blocked based on human rights) Potential Candidates: Bosnia and Herzegovina, and Kosovo Iceland pulled out of EU candidacy

21 Political Structure Of The European Union Five main institutions of the EU: European Council - resolves major policy issues and sets policy directions European Commission - responsible for implementing aspects of EU law and monitoring member states to ensure they are complying with EU laws Council of the European Union - the ultimate controlling authority within the EU European Parliament - debates legislation proposed by the commission and forwarded to it by the council Court of Justice - the supreme appeals court for EU law

22 European Political Complexity Complex - No one centralized political structure Source (updated: 1/1/2015):

23 Maastricht Treaty - The Establishment Of The Euro Currently Use (19) Austria Belgium Cyprus Estonia Finland France Germany Greece Ireland Italy Lithuania Latvia - Luxembourg Malta Netherlands Portugal Spain Slovakia - Slovenia Non-Euro states Poland - Bulgaria Czech Republic - Sweden Hungary Romania - Croatia Opt Out United Kingdom Denmark

24 5 th Level Of Economic Integration 5. Political Union Involves a central political apparatus that coordinates the economic, social, and foreign policy of member states Example: The EU is headed toward at least partial political union, and the United States is an example of even closer political union

25 Political Union If each U.S. state were a nation?

26 Political Union If each U.S. state were a nation? 2014 population statistics

27 Association of Southeast Asian Nations Association of Southeast Asian Nations (ASEAN): Formed in 1967 Currently includes: Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Myanmar, Laos, and Cambodia Fosters freer trade and cooperation in industrial policies an ASEAN Free Trade Area (AFTA) between the six original members of ASEAN came into effect in News: Indonesia trying to strengthen Rupiah (interest at 7.5%) it helped stabilize the Rupiah since Jan 2016

28 Asia-Pacific Economic Cooperation Asia-Pacific Economic Cooperation (APEC): 21 members including the United States, Japan, and China Wants to increase multilateral cooperation in view of the economic rise of the Pacific nations and the growing interdependence within the region

29 What Does Economic Integration Mean For Managers? Regional economic integration But Opens new markets Companies can realize cost economies by centralizing production in those locations where the mix of factor costs and skills is optimal within each grouping, the business environment becomes competitive there is a risk of being shut out of the single market by the creation of a trade fortress

30 Project Negotiating Obtain from my home page: 4 Section to Analyze Style & Pace 2. Bargaining 3. Decision Making 4. Agreements (contracts)

31 Many Sources of Information Link Regional trade agreements around the world index.asp Link These are agreements with the U.S. Link These are agreements in the Americas (North & South) Link News about agreements worldwide can subscribe

32 Check before doing business Link Select by Country EXAMPLE - BRAZIL

33 Group work small groups Go to: (WatCh CaPItaliZAtion) Select 1 assigned country from the group Put everyone s name at top of paper: 1. Country (select using pick list) 2. List RTAs in force (center column) 3. Click on any RTA to see details What are pros and cons? Who wins, who loses?

VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN

VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN VISA POLICY OF THE REPUBLIC OF KAZAKHSTAN Country Diplomatic Service National Term of visafree stay CIS countries 1 Azerbaijan visa-free visa-free visa-free 30 days 2 Kyrgyzstan visa-free visa-free visa-free

More information

Chapter Nine. Regional Economic Integration

Chapter Nine. Regional Economic Integration Chapter Nine Regional Economic Integration Introduction 9-3 One notable trend in the global economy in recent years has been the accelerated movement toward regional economic integration - Regional economic

More information

SKILLS, MOBILITY, AND GROWTH

SKILLS, MOBILITY, AND GROWTH SKILLS, MOBILITY, AND GROWTH Eric Hanushek Ludger Woessmann Ninth Biennial Federal Reserve System Community Development Research Conference April 2-3, 2015 Washington, DC Commitment to Achievement Growth

More information

Global Variations in Growth Ambitions

Global Variations in Growth Ambitions Global Variations in Growth Ambitions Donna Kelley, Babson College 7 th Annual GW October Entrepreneurship Conference World Bank, Washington DC October 13, 216 Wide variation in entrepreneurship rates

More information

EUROPEAN UNION CURRENCY/MONEY

EUROPEAN UNION CURRENCY/MONEY EUROPEAN UNION S6E8 ANALYZE THE BENEFITS OF AND BARRIERS TO VOLUNTARY TRADE IN EUROPE D. DESCRIBE THE PURPOSE OF THE EUROPEAN UNION AND THE RELATIONSHIP BETWEEN MEMBER NATIONS. VOCABULARY European Union

More information

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS Results from the World Economic Forum Executive Opinion Survey 2017 Survey and

More information

European Union Passport

European Union Passport European Union Passport European Union Passport How the EU works The EU is a unique economic and political partnership between 28 European countries that together cover much of the continent. The EU was

More information

QGIS.org - Donations and Sponsorship Analysis 2016

QGIS.org - Donations and Sponsorship Analysis 2016 QGIS.org - Donations and Sponsorship Analysis 2016 QGIS.ORG received 1128 donations and 47 sponsorships. This equals to >3 donations every day and almost one new or renewed sponsorship every week. The

More information

Contributions to UNHCR For Budget Year 2014 As at 31 December 2014

Contributions to UNHCR For Budget Year 2014 As at 31 December 2014 1 UNITED STATES OF AMERICA 1,280,827,870 2 EUROPEAN UNION 271,511,802 3 UNITED KINGDOM 4 JAPAN 5 GERMANY 6 SWEDEN 7 KUWAIT 8 SAUDI ARABIA *** 203,507,919 181,612,466 139,497,612 134,235,153 104,356,762

More information

The Anti-Counterfeiting Network. Ronald Brohm Managing Director

The Anti-Counterfeiting Network. Ronald Brohm Managing Director The Anti-Counterfeiting Network Ronald Brohm Managing Director brief history More than 25 years experience in fighting counterfeiting Headquarters are based in Amsterdam, The Netherlands + 85 offices and

More information

HUMAN RESOURCES IN R&D

HUMAN RESOURCES IN R&D HUMAN RESOURCES IN R&D This fact sheet presents the latest UIS S&T data available as of July 2011. Regional density of researchers and their field of employment UIS Fact Sheet, August 2011, No. 13 In the

More information

2016 Europe Travel Trends Report

2016 Europe Travel Trends Report 2016 Europe Travel Trends Report One-third of worldwide travellers report1 they ll spend more on travel in 2016 than the year previous. Of those big spenders, Europeans dominate the list, with Switzerland,

More information

Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli

Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli Global Marketing Contemporary theory, practice and cases By Ilan Alon, Eugene Jaffe, Christiane Prange & Donata Vianelli Chapter 3 Regional Trade and Emerging Markets Learning objectives After reading

More information

The Conference Board Total Economy Database Summary Tables November 2016

The Conference Board Total Economy Database Summary Tables November 2016 The Conference Board Total Economy Database Summary Tables November 2016 About This document contains a number of tables and charts outlining the most important trends from the latest update of the Total

More information

APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM

APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM 1 APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM All indicators shown below were transformed into series with a zero mean and a standard deviation of one before they were combined. The summary

More information

UNIDEM CAMPUS FOR THE SOUTHERN MEDITERRANEAN COUNTRIES

UNIDEM CAMPUS FOR THE SOUTHERN MEDITERRANEAN COUNTRIES UNIDEM CAMPUS FOR THE SOUTHERN MEDITERRANEAN COUNTRIES Venice Commission of Council of Europe STRENGTHENING THE LEGAL CAPACITIES OF THE CIVIL SERVICE IN THE SOUTHERN MEDITERRANEAN COUNTRIES Administrations

More information

International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB

International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB International Import and Export Authorization System (I2ES) Ha Fung NG, Cilla Psychotropic Control Section, INCB NDS and I2ES User Group Meeting 3-5 October 2017 What is I2ES? Expedite import and export

More information

From Europe to the Euro. Delegation of the European Union to the United States

From Europe to the Euro. Delegation of the European Union to the United States From Europe to the Euro Delegation of the European Union to the United States www.euro-challenge.org What is the European Union? A unique institution Member States voluntarily cede national sovereignty

More information

The Convention on Cybercrime of the Council of Europe

The Convention on Cybercrime of the Council of Europe 2 nd WSIS Action Line C5 Facilitation Meeting Geneva, 14-15 May 2007 Session 5: PGC Focus Area Legal Frameworks and Enforcement Special session The Convention on Cybercrime of the Council of Europe A framework

More information

Contracting Parties to the Ramsar Convention

Contracting Parties to the Ramsar Convention Contracting Parties to the Ramsar Convention 14/12/2016 Number of Contracting Parties: 169 Country Entry into force Notes Albania 29.02.1996 Algeria 04.03.1984 Andorra 23.11.2012 Antigua and Barbuda 02.10.2005

More information

Romania's position in the online database of the European Commission on gender balance in decision-making positions in public administration

Romania's position in the online database of the European Commission on gender balance in decision-making positions in public administration Romania's position in the online database of the European Commission on gender balance in decision-making positions in public administration Comparative Analysis 2014-2015 Str. Petofi Sandor nr.47, Sector

More information

A Global View of Entrepreneurship Global Entrepreneurship Monitor 2012

A Global View of Entrepreneurship Global Entrepreneurship Monitor 2012 A Global View of Entrepreneurship Global Entrepreneurship Monitor 2012 Donna Kelley, Babson College REITI Workshop Tokyo Japan January 21, 2001 In 2012, its 14 th year, GEM surveyed 198,000 adults in 69

More information

Table A.1. Jointly Democratic, Contiguous Dyads (for entire time period noted) Time Period State A State B Border First Joint Which Comes First?

Table A.1. Jointly Democratic, Contiguous Dyads (for entire time period noted) Time Period State A State B Border First Joint Which Comes First? Online Appendix Owsiak, Andrew P., and John A. Vasquez. 2016. The Cart and the Horse Redux: The Timing of Border Settlement and Joint Democracy. British Journal of Political Science, forthcoming. Appendix

More information

VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD

VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD AT A GLANCE ORDER ONLINE GEOGRAPHY 47 COUNTRIES COVERED 5 REGIONS 48 MARKETS Americas Asia Pacific

More information

DEPARTMENT OF HOMELAND SECURITY

DEPARTMENT OF HOMELAND SECURITY This document is scheduled to be published in the Federal Register on 01/18/2018 and available online at https://federalregister.gov/d/2018-00812, and on FDsys.gov DEPARTMENT OF HOMELAND SECURITY 9110-9M-P

More information

EU Trade Mark Application Timeline

EU Trade Mark Application Timeline EU Trade Mark Application Timeline EU Trade Marks, which cover the entire EU, are administered by the Office for Harmonisation in the Internal Market (OHIM). The timeline below gives approximate timescale

More information

Global Harmonisation of Automotive Lighting Regulations

Global Harmonisation of Automotive Lighting Regulations Transmitted by the expert from GTB Informal document GRE-68-10 (68th GRE, 16-18 October 2012) agenda item 19(a)) Global Harmonisation of Automotive Lighting Regulations This discussion document has been

More information

The Multidimensional Financial Inclusion MIFI 1

The Multidimensional Financial Inclusion MIFI 1 2016 Report Tracking Financial Inclusion The Multidimensional Financial Inclusion MIFI 1 Financial Inclusion Financial inclusion is an essential ingredient of economic development and poverty reduction

More information

Overview of JODI Gas Milestones and Beta Test Launch

Overview of JODI Gas Milestones and Beta Test Launch 3 rd Gas Data Transparency Conference 4-5 June 2013, Bali, Indonesia Overview of JODI Gas Milestones and Beta Test Launch Yuichiro Torikata Energy Analyst International Energy Forum Extending the JODI

More information

Countries for which a visa is required to enter Colombia

Countries for which a visa is required to enter Colombia Albania EASTERN EUROPE Angola SOUTH AFRICA Argelia (***) Argentina SOUTH AMERICA Australia OCEANIA Austria Azerbaijan(**) EURASIA Bahrain MIDDLE EAST Bangladesh SOUTH ASIA Barbados CARIBBEAN AMERICA Belgium

More information

Education Quality and Economic Development

Education Quality and Economic Development Education Quality and Economic Development Eric A. Hanushek Stanford University Bank of Israel Jerusalem, June 2017 Sustainable Development Goals (SDGs) Development = Growth Growth = Skills Conclusions

More information

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle In the first year, a total of 29 reviews will be conducted.

More information

OECD Strategic Education Governance A perspective for Scotland. Claire Shewbridge 25 October 2017 Edinburgh

OECD Strategic Education Governance A perspective for Scotland. Claire Shewbridge 25 October 2017 Edinburgh OECD Strategic Education Governance A perspective for Scotland Claire Shewbridge 25 October 2017 Edinburgh CERI overview What CERI does Generate forward-looking research analyses and syntheses Identify

More information

Commonwealth of Australia. Migration Regulations CLASSES OF PERSONS (Subparagraphs 1236(1)(a)(ii), 1236(1)(b)(ii) and 1236(1)(c)(ii))

Commonwealth of Australia. Migration Regulations CLASSES OF PERSONS (Subparagraphs 1236(1)(a)(ii), 1236(1)(b)(ii) and 1236(1)(c)(ii)) Commonwealth of Australia Migration Regulations 1994 CLASSES OF PERSONS (Subparagraphs 1236(1)(a)(ii), 1236(1)(b)(ii) and 1236(1)(c)(ii)) I, SOPHIE MONTGOMERY, Delegate of the Minister for Immigration,

More information

Italy Luxembourg Morocco Netherlands Norway Poland Portugal Romania

Italy Luxembourg Morocco Netherlands Norway Poland Portugal Romania 1. Label the following countries on the map: Albania Algeria Austria Belgium Bulgaria Czechoslovakia Denmark East Germany Finland France Great Britain Greece Hungary Iceland Ireland Italy Luxembourg Morocco

More information

Identification of the respondent: Fields marked with * are mandatory.

Identification of the respondent: Fields marked with * are mandatory. Towards implementing European Public Sector Accounting Standards (EPSAS) for EU Member States - Public consultation on future EPSAS governance principles and structures Fields marked with are mandatory.

More information

Stimulating Investment in the Western Balkans. Ellen Goldstein World Bank Country Director for Southeast Europe

Stimulating Investment in the Western Balkans. Ellen Goldstein World Bank Country Director for Southeast Europe Stimulating Investment in the Western Balkans Ellen Goldstein World Bank Country Director for Southeast Europe February 24, 2014 Key Messages Location, human capital and labor costs make investing in the

More information

2017 Social Progress Index

2017 Social Progress Index 2017 Social Progress Index Central Europe Scorecard 2017. For information, contact Deloitte Touche Tohmatsu Limited In this pack: 2017 Social Progress Index rankings Country scorecard(s) Spotlight on indicator

More information

A GAtewAy to A Bet ter Life Education aspirations around the World September 2013

A GAtewAy to A Bet ter Life Education aspirations around the World September 2013 A Gateway to a Better Life Education Aspirations Around the World September 2013 Education Is an Investment in the Future RESOLUTE AGREEMENT AROUND THE WORLD ON THE VALUE OF HIGHER EDUCATION HALF OF ALL

More information

Evolution of the European Union, the euro and the Eurozone Sovereign Debt Crisis

Evolution of the European Union, the euro and the Eurozone Sovereign Debt Crisis Evolution of the European Union, the euro and the Eurozone Sovereign Debt Crisis Brexit? Dr. Julian Gaspar, Executive Director Center for International Business Studies & Clinical Professor of International

More information

The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European Export Champion!

The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European Export Champion! WKO 2005_engl->Gerin 01.12.2005 14:12 Uhr Seite 1 Dear Teachers and Pupils! The Austrian export industry has been incredibly successful in recent years. In 2004 our country even captured the title of European

More information

MINISTERIAL DECLARATION

MINISTERIAL DECLARATION 1 MINISTERIAL DECLARATION The fight against foreign bribery towards a new era of enforcement Preamble Paris, 16 March 2016 We, the Ministers and Representatives of the Parties to the Convention on Combating

More information

TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN SEPTEMBER 2015

TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN SEPTEMBER 2015 TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN SEPTEMBER 2015 In September 2015, the number of the trips of Bulgarian residents abroad was 450.9 thousand (Annex,

More information

WILL CHINA S SLOWDOWN BRING HEADWINDS OR OPPORTUNITIES FOR EUROPE AND CENTRAL ASIA?

WILL CHINA S SLOWDOWN BRING HEADWINDS OR OPPORTUNITIES FOR EUROPE AND CENTRAL ASIA? ECA Economic Update April 216 WILL CHINA S SLOWDOWN BRING HEADWINDS OR OPPORTUNITIES FOR EUROPE AND CENTRAL ASIA? Maurizio Bussolo Chief Economist Office and Asia Region April 29, 216 Bruegel, Brussels,

More information

LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018)

LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018) ICSID/3 LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018) The 162 States listed below have signed the Convention on the Settlement of Investment Disputes between

More information

World Refugee Survey, 2001

World Refugee Survey, 2001 World Refugee Survey, 2001 Refugees in Africa: 3,346,000 "Host" Country Home Country of Refugees Number ALGERIA Western Sahara, Palestinians 85,000 ANGOLA Congo-Kinshasa 12,000 BENIN Togo, Other 4,000

More information

Generating Executive Incentives: The Role of Domestic Judicial Power in International Human Rights Court Effectiveness

Generating Executive Incentives: The Role of Domestic Judicial Power in International Human Rights Court Effectiveness Generating Executive Incentives: The Role of Domestic Judicial Power in International Human Rights Court Effectiveness Jillienne Haglund Postdoctoral Research Associate Washington University in St. Louis

More information

Asia Pacific (19) EMEA (89) Americas (31) Nov

Asia Pacific (19) EMEA (89) Americas (31) Nov Americas (31) Argentina Bahamas Barbados Belize Bermuda Bolivia Brazil Cayman Islands Chile Colombia Costa Rica Curaçao Dominican Republic Ecuador El Salvador Guatemala Honduras Jamaica Nicaragua Panama

More information

UNHCR, United Nations High Commissioner for Refugees

UNHCR, United Nations High Commissioner for Refugees States Parties to the 1951 Convention relating to the Status of Refugees and the 1967 Protocol Date of entry into force: 22 April 1954 (Convention) 4 October 1967 (Protocol) As of 1 February 2004 Total

More information

Montessori Model United Nations - NYC Conference March 2018

Montessori Model United Nations - NYC Conference March 2018 Montessori Model United Nations - NYC Conference March 018 Middle School Level COMMITTEES COUNTRIES Maximum Number of Delegates per Committee DISEC 1 DISEC LEGAL SPECPOL SOCHUM ECOFIN 1 ECOFIN UNSC UNGA

More information

On aid orphans and darlings (Aid Effectiveness in aid allocation by respective donor type)

On aid orphans and darlings (Aid Effectiveness in aid allocation by respective donor type) On aid orphans and darlings (Aid Effectiveness in aid allocation by respective donor type) Sven Tengstam, March 3, 2017 Extended Abstract Introduction The Paris agenda assumes that the effectiveness of

More information

Industrial Remote Communication Country Approvals for mobile network based Products

Industrial Remote Communication Country Approvals for mobile network based Products SIMATIC NET Industrial Remote Communication Country Approvals for mobile network based Products 2018-01-12 www.siemens.com/simatic-net Industrial Routers / Modems CP 1200 LOGO! CMR Compact RTU MD741-1

More information

Information note by the Secretariat [V O T E D] Additional co-sponsors of draft resolutions/decisions

Information note by the Secretariat [V O T E D] Additional co-sponsors of draft resolutions/decisions Information note by the Secretariat Additional co-sponsors of draft resolutions/decisions Draft resolution or decision L. 2 [102] The risk of nuclear proliferation in the Middle East (Egypt) L.6/Rev.1

More information

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES

GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Articles Articles Articles Articles Articles CENTRAL EUROPEAN REVIEW OF ECONOMICS & FINANCE Vol. 2, No. 1 (2012) pp. 5-18 Slawomir I. Bukowski* GERMANY, JAPAN AND INTERNATIONAL PAYMENT IMBALANCES Abstract

More information

THE ENLARGEMENT OF THE UNION

THE ENLARGEMENT OF THE UNION THE ENLARGEMENT OF THE UNION On 1 July 2013, Croatia became the 28th Member State of the European Union. Croatia s accession, which followed that of Romania and Bulgaria on 1 January 2007, marked the sixth

More information

Duration of Stay... 3 Extension of Stay... 3 Visa-free Countries... 4

Duration of Stay... 3 Extension of Stay... 3 Visa-free Countries... 4 Table of Contents Entry Requirements for Tourists Duration of Stay... 3 Extension of Stay... 3 Visa-free Countries... 4 Visa Guide General Visa Exemptions... 5 Additional Exemptions... 5 Instructions for

More information

Myanmar Visa on Arrival

Myanmar Visa on Arrival Myanmar Visa on Arrival Types of Visa, Fees and Duration Types of Visa Fees Duration BUSINESS VISA US$ 50 70 days ENTRY VISA (Meetings / Workshops / Events) US$ 40 28 days TRANSIT VISA US$ 20 24 hours

More information

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 19 July 2013 AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 Australia is not the world s most generous country in its response to refugees but is just inside the top 25, according to

More information

OBTAINING LITHUANIAN NATIONAL VISA

OBTAINING LITHUANIAN NATIONAL VISA OBTAINING LITHUANIAN NATIONAL VISA Handbook for International non-eu Freshmen Publication Date: May 2014 Published by: LCC Migration Affairs Office LCC MIGRATION AFFAIRS OFFICE LCC Migration Affairs Office

More information

Territorial indicators for policy purposes: NUTS regions and beyond

Territorial indicators for policy purposes: NUTS regions and beyond Territorial indicators for policy purposes: NUTS regions and beyond Territorial Diversity and Networks Szeged, September 2016 Teodora Brandmuller Regional statistics and geographical information unit,

More information

Asylum Trends. Appendix: Eurostat data

Asylum Trends. Appendix: Eurostat data Asylum Trends Appendix: Eurostat data Contents Colophon 2 First asylum applications in Europe (EU, Norway and Switzerland) Monthly asylum applications in the EU, Norway and Switzerland 3 First asylum applications

More information

Asylum Trends. Appendix: Eurostat data

Asylum Trends. Appendix: Eurostat data Asylum Trends Appendix: Eurostat data Contents Colophon 2 First asylum applications in Europe (EU, Norway and Switzerland) Monthly asylum applications in the EU, Norway and Switzerland 3 First asylum applications

More information

2nd Ministerial Conference of the Prague Process Action Plan

2nd Ministerial Conference of the Prague Process Action Plan English version 2nd Ministerial Conference of the Prague Process Action Plan 2012-2016 Introduction We, the Ministers responsible for migration and migration-related matters from Albania, Armenia, Austria,

More information

The impact of international patent systems: Evidence from accession to the European Patent Convention

The impact of international patent systems: Evidence from accession to the European Patent Convention The impact of international patent systems: Evidence from accession to the European Patent Convention Bronwyn H. Hall (based on joint work with Christian Helmers) Why our paper? Growth in worldwide patenting

More information

Comparative Economic Geography

Comparative Economic Geography Comparative Economic Geography 1 WORLD POPULATION gross world product (GWP) The GWP Global GDP In 2012: GWP totalled approximately US $83.12 trillion in terms of PPP while the per capita GWP was approx.

More information

Content. Introduction of EUROMIL. Fundamental Rights for Military Personnel. Added value of military unions/associations

Content. Introduction of EUROMIL. Fundamental Rights for Military Personnel. Added value of military unions/associations Content Introduction of EUROMIL Fundamental Rights for Military Personnel Added value of military unions/associations Situation on the RoA in Europe Founded: 1972 Factsheet: EUROMIL 40 associations from

More information

TAKING HAPPINESS SERIOUSLY

TAKING HAPPINESS SERIOUSLY TAKING HAPPINESS SERIOUSLY FLACSO-INEGI seminar Mexico City, April 18, 2013 John Helliwell Canadian Institute for Advanced Research and Vancouver School of Economics, UBC In collaboration with Shun Wang,

More information

On the Future of Criminal Offender DNA Databases

On the Future of Criminal Offender DNA Databases The Impact of DNA Technologies On the Future of Criminal Offender DNA Databases Presented by Tim Schellberg Gordon Thomas Honeywell Governmental Affairs Human Identification Solutions Conference Madrid,

More information

Population Survey Data: Evidence and lessons from the Global Entrepreneurship Monitor

Population Survey Data: Evidence and lessons from the Global Entrepreneurship Monitor Population Survey Data: Evidence and lessons from the Global Entrepreneurship Monitor Maria Minniti Professor and L. Bantle Endowed Chair of Entrepreneurship and Public Policy UN NYC, December 2013 Graphs,

More information

The Unitary Patent and the Unified Patent Court. Dr. Leonard Werner-Jones

The Unitary Patent and the Unified Patent Court. Dr. Leonard Werner-Jones The Unitary Patent and the Unified Patent Court Dr. Leonard Werner-Jones Background The Past: No centralization at all Prosecution country-by-country Litigation country-by-country Patents actions 2 Background

More information

Beyond Kyoto Copenhagen Durban 2011

Beyond Kyoto Copenhagen Durban 2011 Beyond Kyoto Copenhagen 2009 Mexico 2010 Durban 2011 References The United Nations Framework Convention on Climate Change: http://unfccc.int/2860.php The New York Times 20/12/2009 A Grudging Accord in

More information

GENTING DREAM IMMIGRATION & VISA REQUIREMENTS FOR THAILAND, MYANMAR & INDONESIA

GENTING DREAM IMMIGRATION & VISA REQUIREMENTS FOR THAILAND, MYANMAR & INDONESIA GENTING DREAM IMMIGRATION & VISA REQUIREMENTS FOR THAILAND, MYANMAR & INDONESIA Thailand Visa on Arrival (VOA) Nationals of the following 18 countries may apply for a Thailand VOA. The applicable handling

More information

List of Agreements on Mutual Visa Exemption. Between the People s Republic of China and Foreign Countries

List of Agreements on Mutual Visa Exemption. Between the People s Republic of China and Foreign Countries List of Agreements on Mutual Visa Exemption Between the People s Republic of China and Foreign Countries ( In alphabetical order of foreign countries ) Up to now, the People s Republic of China and the

More information

Trends in international higher education

Trends in international higher education Trends in international higher education 1 Schedule Student decision-making Drivers of international higher education mobility Demographics Economics Domestic tertiary enrolments International postgraduate

More information

New York, 20 December 2006

New York, 20 December 2006 .. ENTRY INTO FORCE 16. INTERNATIONAL CONVENTION FOR THE PROTECTION OF ALL PERSONS FROM ENFORCED DISAPPEARANCE New York, 20 December 2006 23 December 2010, in accordance with article 39(1) which reads

More information

A Partial Solution. To the Fundamental Problem of Causal Inference

A Partial Solution. To the Fundamental Problem of Causal Inference A Partial Solution To the Fundamental Problem of Causal Inference Some of our most important questions are causal questions. 1,000 5,000 10,000 50,000 100,000 10 5 0 5 10 Level of Democracy ( 10 = Least

More information

Eastern Europe: Economic Developments and Outlook. Miroslav Singer

Eastern Europe: Economic Developments and Outlook. Miroslav Singer Eastern Europe: Economic Developments and Outlook Miroslav Singer Governor, Czech National Bank Distinguished Speakers Seminar European Economics & Financial Centre London, 22 July 2014 Miroslav Význam

More information

HAPPINESS, HOPE, ECONOMIC OPTIMISM

HAPPINESS, HOPE, ECONOMIC OPTIMISM HAPPINESS, HOPE, ECONOMIC OPTIMISM Gallup International Association opinion poll in 66 countries across the globe December, 2016 Disclaimer: Gallup International Association or its members are not related

More information

Council of Europe Development Bank (CEB)

Council of Europe Development Bank (CEB) Council of Europe Development Bank (CEB) Supporting social cohesion across Europe: financing social and affordable housing Viorica REVENCO, ACCA Economist 5 May 2015 viorica.revenco@coebank.org The CEB:

More information

THE RECAST EWC DIRECTIVE

THE RECAST EWC DIRECTIVE THE RECAST EWC DIRECTIVE EWC regulations : three legal documents the directives 1994/45 and 2009/38 transposition into national legislation your agreement 2 2009/38? agreements signed after 5.06.2011 non-modified

More information

Asylum Trends. Appendix: Eurostat data

Asylum Trends. Appendix: Eurostat data Asylum Trends Appendix: Eurostat data Contents Colophon 2 First asylum applications in Europe (, Norway and Switzerland) Monthly asylum applications in the, Norway and Switzerland 3 First asylum applications

More information

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share Urbanized 0.2.4.6.8 1 $0-1000 $1000-2000 $2000-3000 $3000-4000 $4000-5000 1960 2010 Source: World Bank Welfare Economics

More information

CONCLUSIONS AND RECOMMENDATIONS OF THE COUNCIL ON GENERAL AFFAIRS AND POLICY OF THE CONFERENCE (24-26 MARCH 2015) adopted by the Council * * *

CONCLUSIONS AND RECOMMENDATIONS OF THE COUNCIL ON GENERAL AFFAIRS AND POLICY OF THE CONFERENCE (24-26 MARCH 2015) adopted by the Council * * * GENERAL AFFAIRS AND POLICY AFFAIRES GÉNÉRALES ET POLITIQUE Proc. Doc. No 1 Doc. proc. No 1 December / décembre 2015 (E) CONCLUSIONS AND RECOMMENDATIONS OF THE COUNCIL ON GENERAL AFFAIRS AND POLICY OF THE

More information

Governing Body Geneva, November 2006 LILS FOR INFORMATION

Governing Body Geneva, November 2006 LILS FOR INFORMATION INTERNATIONAL LABOUR OFFICE GB.297/LILS/3 297th Session Governing Body Geneva, November 2006 Committee on Legal Issues and International Labour Standards LILS FOR INFORMATION THIRD ITEM ON THE AGENDA The

More information

IMMIGRATION, ASYLUM AND NATIONALITY ACT 2006 INFORMATION FOR CANDIDATES

IMMIGRATION, ASYLUM AND NATIONALITY ACT 2006 INFORMATION FOR CANDIDATES - 1 - IMMIGRATION, ASYLUM AND NATIONALITY ACT 2006 INFORMATION FOR CANDIDATES As an employer, we have a responsibility to ensure that each prospective employee is eligible to work in the United Kingdom,

More information

Rankings: Universities vs. National Higher Education Systems. Benoit Millot

Rankings: Universities vs. National Higher Education Systems. Benoit Millot Rankings: Universities vs. National Higher Education Systems Benoit Millot Outline 1. Background 2. Methodology 3. Results 4. Discussion 11/8/ 2 1. Background 11/8/ 3 Clear Shift Background: Leagues focus

More information

TISPOL PERSPECTIVES TO THE EUROPEAN ROAD SAFETY HOW TO SAVE LIVES AND REDUCE INJURIES ON EUROPEAN ROADS?

TISPOL PERSPECTIVES TO THE EUROPEAN ROAD SAFETY HOW TO SAVE LIVES AND REDUCE INJURIES ON EUROPEAN ROADS? TISPOL PERSPECTIVES TO THE EUROPEAN ROAD SAFETY HOW TO SAVE LIVES AND REDUCE INJURIES ON EUROPEAN ROADS? Police Road Safety Seminar Finland, 28th October 2015 Egbert-Jan van Hasselt Commissioner of Police,

More information

Belgium s foreign trade

Belgium s foreign trade Belgium s FIRST 9 months Belgium s BELGIAN FOREIGN TRADE AFTER THE FIRST 9 MONTHS OF Analysis of the figures for (first 9 months) (Source: eurostat - community concept*) After the first nine months of,

More information

Factsheet on rights for nationals of European states and those with an enforceable Community right

Factsheet on rights for nationals of European states and those with an enforceable Community right Factsheet on rights for nationals of European states and those with an enforceable Community right Under certain circumstances individuals who are exempt persons can benefit from the provisions of the

More information

The Hassle Factor. (rank ordered) Andreas Scho-er (Ph.D.) & Paul W. Beamish (Ph.D.) Copyright 2012: Andreas Scho-er & Paul W.

The Hassle Factor. (rank ordered) Andreas Scho-er (Ph.D.) & Paul W. Beamish (Ph.D.) Copyright 2012: Andreas Scho-er & Paul W. The (rank ordered) Andreas Scho-er (Ph.D.) & Paul W. Beamish (Ph.D.) 1 About the Research The predominant assumption in business research and practice is that Multinational Corporations choose their foreign

More information

Monthly Inbound Update June th August 2017

Monthly Inbound Update June th August 2017 Monthly Inbound Update June 217 17 th August 217 1 Contents 1. About this data 2. Headlines 3. Journey Purpose: June, last 3 months, year to date and rolling twelve months by journey purpose 4. Global

More information

INTERNATIONAL GEOGRAPHIC SALARY DIFFERENTIALS

INTERNATIONAL GEOGRAPHIC SALARY DIFFERENTIALS H E A LT H W E A LT H CAREER 2017 INTERNATIONAL GEOGRAPHIC SALARY DIFFERENTIALS INTERNATIONAL GEOGRAPHIC SALARY DIFFERENTIALS AT A GLANCE ORDER ONLINE GEOGRAPHY 86 COUNTRIES COVERED 175 6 REGIONS MARKETS

More information

HPC Global Support Contact Information

HPC Global Support Contact Information HPC Global Support Contact Information This document provides important warranty and service information. For HPC products 2006 Hewlett-Packard Development Company, L.P. The information contained herein

More information

Report on the Transparency International Global Corruption Barometer 2006

Report on the Transparency International Global Corruption Barometer 2006 Report on the Transparency International Global Corruption Barometer 2006 Embargoed until Thursday 7 December 2006 at 10:00 GMT; 11:00 CET; 5:00 EST Release date: 7 December 2006 Policy and Research Department

More information

Global Trends in Location Selection Final results for 2005

Global Trends in Location Selection Final results for 2005 Global Business Services Plant Location International Global Trends in Location Selection Final results for 2005 September, 2006 Global Business Services Plant Location International 1. Global Overview

More information

ASEAN common market. Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen

ASEAN common market. Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen ASEAN common market Nantapong Pantaweesak Punyapob Tantipidok Kon Thueanmunsaen Agenda Did we achieve the common market? Future of regional auto industry Business implications 2 Common market is a stage

More information

wiiw Workshop Connectivity in Central Asia Mobility and Labour Migration

wiiw Workshop Connectivity in Central Asia Mobility and Labour Migration wiiw Workshop Connectivity in Central Asia Mobility and Labour Migration Vienna 15-16 December 2016 Radim Zak Programme Manager, ICMPD Radim.Zak@icmpd.org The project is funded by the European Union What

More information

The application of quotas in EU Member States as a measure for managing labour migration from third countries

The application of quotas in EU Member States as a measure for managing labour migration from third countries The application of quotas in EU Member States as a measure for managing labour migration from third countries 1. INTRODUCTION This EMN Inform 1 provides information on the use of quotas 2 by Member States

More information

The Impact of the Global Economic Crisis on Central and Eastern Europe. Mark Allen

The Impact of the Global Economic Crisis on Central and Eastern Europe. Mark Allen The Impact of the Global Economic Crisis on Central and Eastern Europe Fourth Central European CEMS Conference Warsaw, February 25, 211 Mark Allen Senior IMF Resident Representative for Central and Eastern

More information

INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944

INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944 INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944 State Entry into force: The Agreement entered into force on 30 January 1945. Status: 131 Parties. This list is based on

More information