The article reviews the chronology and analyses the causes and possible consequences of the trade war between the US and China. The authors identify four main reasons that led to the greatest trade conflict between the two economies in history associated with intentions of the US: a) to reduce the deficit of bilateral trade and increase the number of jobs; b) to limit access of Chinese companies to American technologies and prevent digital modernization of the industry in the PRC; c) to prevent the growth of China’s military strength; and d) to reduce the federal budget deficit. It is confirmed and concluded that trade wars have no winners. Taking into account the two countries’ GDP scale and export volumes, the US-China trade war will come amid a slowdown in the global production and international trade. The article analyses the outcomes of the trade confrontation based on the scenario methodology. The authors identify 4 scenarios by making assumptions about the response pattern and conjectural variation in the bilateral economic relations. The US protectionist policy has its political dimension. The constraints of the bilateral trade is one of the tools for slowing China's military and economic power growth.
This research presents an analysis of influence of the global financial crisis and the following oil crisis on the EU integration trends in Norway. Our aim is to deduct the impact of the oil and gas industry on the economic situation and prosperity of Norway and indicate the effect of political and economic stability on the EU integration. The results of this research indicate that Norway prefers to stay outside the EU integration in times of crises as well, mainly due to significant profits from the petroleum industry, the country's ability to recover after crises and strong governmental support to stabilize the economy.
Abstract. The purpose of this article is to compare the methods of income taxation in the two neighbouring states -the Czech Republic and the Slovak Republic after more than a quarter century since the disintegration of their previous unified state. The article also focuses on the question of which of the two tax systems is more socially just and whether there is a realistic assumption that there will be reintegration of the principles of income taxation of both states within the European Union in the future. Several research methods were applied, dominated by the method of analysis and the comparative method. The selection of income taxes was not arbitrary. The method and rate of taxation plays a vital role in the social status of citizens of a particular state. Income taxes, on which both global and European coordination and harmonization processes have had very little impact, have become more important. Due to this fact, and also because of the free movement of labour, the applied way of income taxation within various territories may become an essential factor in tax competition between countries. Based on the analysis and comparison of individual tax practices related to the taxation of income, it can be stated that the income taxation between the two states does not differ fundamentally even after a quarter century of their independence. We assume that the Slovak Republic is committed to looking for ways to develop more efficient methods of taxation of income even at the cost of some of the measures which have not been justified in practice yet. The Czech Republic is more conservative in this direction. It does not make radical changes and plays a waiting game to carry out the relevant measures later. Based on our analysis of the income tax systems both in the Czech Republic and the Slovak Republic, we conclude that the income tax system in the Slovak Republic is more effective, less costly and more socially just than the income tax system of the Czech Republic.
The main hypothesis of our research is: low wages, low GDP per capita, and high unemployment are push motives for labour migration in Central Asia. By analyzing the available statistics, we did not find a correlation between these economic indicators and the number of labour emigrants. Also, a comparative analysis of the development trend of personal remittances of labour migrants and the dependence of the economy of Central Asian countries on these remittances was carried out. It is determined that the economies of Tajikistan and Kyrgyzstan are 30% dependent on the remittances of labour migrants, which in the World Bank rating for this indicator raises them to the first positions among other countries of the world.
УДК 339.9 Л. М. Капустина а) , Л. Липковá б) , О. Д. Фальченко а) а) Уральский государственный экономический университет
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.