StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Slovenia and Its Economic Development After Entering EU - Essay Example

Comments (0) Cite this document
Summary
EU integration proposes less development countries great opportunities to improve their financial and economic systems and living standards. Before joining the EU, Slovenia had slow economic growth rates and economic stagnation, high inflation rates and poorly developed banking and financial systems…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Slovenia and Its Economic Development After Entering EU
Read TextPreview

Extract of sample "Slovenia and Its Economic Development After Entering EU"

Download file to see previous pages At the same time, the newly free countries of Central and Eastern Europe found that, if they were to establish their economic independence and provide a sound basis for their political independence, they first had to thoroughly liberalize and marketize their economies and stabilize their currencies. Slovenia joined the EU in 2004. And since that time, it has improvised its economic development and reestablished its banking system, balance exchange rates and create new employment places for native citizens.
The EC has had policies on employment for decades, but the policies do not constitute a coherent, developed social program. Rather they are a collection of directives adopted in response to a specific concern and requiring minimal amounts of harmonization in national practices. Voting practices in the Council impeded the adoption of more sweeping measures. Because each member state had a veto, with a few exceptions, supporters of an EC social policy fought for the elimination of the veto (Dukes 49). They gained a partial victory with the ratification of the Maastricht Treaty. For Slovenia, the way is now open for a more fully developed EC social policy. A number of characteristics of the workforce in the EC are relevant for policy makers. One is the fact that the EC has a smaller proportion of adults of working age actually working than either of its main competitors. The statistics indicate that a relatively large number of working-age people are dependent on some form of public support. Some people apparently do not work by choice, but many are unable to find work. Following Egert et al (2007): some countries, namely Slovenia started transition with low credit-to-GDP ratios of around 20% in 2005" (201).
Transitional banking systems initially tend to operate with very high ratios of reserves to deposits. This is partly the result of the fact that they start out as monobank systems with 100 per cent reserve backing of deposits, partly because of the extreme inefficiency of the payments system, which requires the maintenance of large commercial bank deposits at the central bank, and partly because of the great ease of obtaining central bank credit by commercial banks in the pre-stabilization period (Dukes 49). If this is the path followed then it would be prudent for the first principle of banking system evolution to be that in the short term, the stability of the monetary system must have priority over the freedom of action of the banks themselves in the management of their assets and liabilities. In other words, in the initial phases of the 'main sequence', when supervisory and banking skills are rudimentary, bank regulation needs to be rigorous and based on simple rules. This is because of the vital role of macroeconomic stability in successful economic transition from state ownership and central administration of the economy to capitalism. The usual argument against tight regulation, which stresses that tight regulation leads to disintermediation is largely irrelevant in a context in which people have so little possibility of informed choice between risky and safe banks that the authorities feel themselves obliged to guarantee all deposits. The development of a dual system in which deposits at strictly regulated banks are known to be safe, while loans to unregulated ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Slovenia and Its Economic Development After Entering EU Essay”, n.d.)
Slovenia and Its Economic Development After Entering EU Essay. Retrieved from https://studentshare.org/miscellaneous/1504489-slovenia-and-its-economic-development-after-entering-eu
(Slovenia and Its Economic Development After Entering EU Essay)
Slovenia and Its Economic Development After Entering EU Essay. https://studentshare.org/miscellaneous/1504489-slovenia-and-its-economic-development-after-entering-eu.
“Slovenia and Its Economic Development After Entering EU Essay”, n.d. https://studentshare.org/miscellaneous/1504489-slovenia-and-its-economic-development-after-entering-eu.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Slovenia and Its Economic Development After Entering EU

EU Crisis and its consequences

The paper tells that the European crisis is an ongoing financial crisis that has led to involvement of third parties to help in the situation. The crisis began in 2009 with increased fears from investors attributed to by the rising government debt levels around the world. This was followed by an era of downgrading of government debt in a couple of European states. The issue became worse in 2010 leading to actions of rescue. Meetings have been held by the leaders in the project to come up with possible solutions. In projects, leadership should play a key role and this is the case with the European Union however other factors let it down. According to Olsson, there are different things that the leaders have been agreeing on for inst...
17 Pages(4250 words)Essay

Economic development of the countries after SAP

... on health, education and welfare provision. Reforms based on development and modernizations were also implemented. These included developing the economy’s infrastructure by building roads, providing low cost housing and building hospitals. Though Oman’s main economic strength has been oil production, it started focusing on other things like tourism and development of natural gas reserves after the oil price slump adversely affected its economy. The general trends of the economic reforms implemented in Oman has been geared towards making the country better off in terms of economic and financial stability, increasing the skill level of their labor force and diversifying its income sources by investing in avenues other than oil production...
5 Pages(1250 words)Essay

Economic Integration within the EU

(Arestis, P. et al 1999)
DG ECFIN economists are playing vital role in the ongoing forward-looking review of the European Union single market that the European Commission is chalking out. The barriers still exist in the internal market of the Union. Which indicates that many benefits have yet to be realised The potential of the single market is to be contributed to a more dynamic, innovative and competitive EU From the economic perspective of the single market review, DG ECFIN analysts advised that it is time to move towards a more economics-based and results-oriented approach using the targeted monitoring of selected markets and sectors. It would bring real improvements to the operations of the single market.
The o...
8 Pages(2000 words)Essay

Economic Development of Japan after World War II

... spending enhanced the liquidity of the economy thus cushioning the country from the post war inflation. The friendship between Japan and the United States heightened thus resulting with the United States facilitating the inclusion of Japan into the GATT though as a temporary member. The inclusion in the elite association set Japan in a different league and enhanced its relationship with numerous other western countries such as Britain, Germany and France among others. Another equally important contributor to the post war economic boom in Japan was the high productivity experienced in the country even after the war. Before the war, the Economy of Japan had begun growing. Productivity heightened in the country with various automation...
5 Pages(1250 words)Essay

Economic Development Strategies of China after WWII

... Development strategies of China after World War II China is currently regarded as one of the economic superpowers as it has not only optimally developed the economic status of its people, but is also playing a strong influencing role in the global economy. “Nowadays China is one of the worlds top exporters and is attracting record amounts of foreign investment. In turn, it is investing billions of dollars abroad” (BBC). Although, China was a reasonably developed nation from earlier times, it went into an active mode of economic expansion after the World War II, particularly from 1970s. The man who conceptualized, planned, and implemented this economic expansion with a number of developmental strategies was Deng Xiaoping. Deng did not held...
6 Pages(1500 words)Essay

Economic Situation In Slovenia Post Financial Crisis

Slovenia is a developed state in the central Europe which experienced a period of boom between the years 2004 to 2006, when the economy grew at a rate of 5 % per annum. The economic growth surge was mainly due to the rising expenditure (mainly in construction) supported by public debt (OECD, 2015). However, after the global recession of 2007, Slovenia entered in a period of financial austerity to reduce its burden of debt which was earlier created by bailing out its banks. Slovenia’s austerity programmes were aimed at reducing its budget deficit caused by the amounted debt. The austerity policies of the government hence included the rise in the tax rates or introduction of new taxes, reduction of public expenditure and priva...
12 Pages(3000 words)Research Paper

The Nature of God and Its Relation to Mission

It is God's agent in history, through whom He works by historical processes. Men learn of God and respond to Him in the context of their whole lives as personal, social beings because of the activity of the Christian community. Thesis Mission theology occupies a central role in religious teaching and supported by the main dogmas and principles of theology.

The main texts Genesis 12, Exodus 9 and 19, Numbers 14, several parts in Deuteronomy, Joshua, 1 Samuel, 1 King, 1 Chronicle, Psalm, Isaiah, Jeremiah, Ezekiel, Daniel, Micah, Habbakuk, Zephaniah, Haggai, Zechariah, and Malachi. Jonah's story is considered a missionary book of the Old Testament1. Christians have so understood their role. Jesus' understanding of his role...
8 Pages(2000 words)Case Study

The Effect of Democracy on Chinese Development

Any country first needs to go through economic liberalization and political liberalization before finally settling into a stable democratic situation. Democracy should not at any one point be viewed as if it were socialism, but should be seen as a means of promoting economic development through accountability and protection of individual lawful rights and interests...accountability in the sense that the respective leaders are able to fight corruption, enhance social harmony, strengthen public trust and more importantly empower government institutions that are directly in touch with the people (Liu, 2008, p.1-2). Owing to the Chinese well informed and affluent society on top of having a very dynamic economy, the political change wh...
7 Pages(1750 words)Coursework

Marks and Spencer Organizational Development Process

... of organizations culture towards problem solving: Employee involvement is crucial in the organizational change. The organizational change should be covering the entire organization starting from the top to down. There should be a change in the attitudes and behaviors of the company. In order to introduce change, the company should determine the strategy of producing the best results. Client and Practitioner Considerations: The organization should choose the organization development practitioner i.e. whether internal or external consultant. Consulting with both change agents has its own advantages and disadvantages. The internal practitioner may be some top level professionals like Vice President, Human Resource and a supporting team...
7 Pages(1750 words)Case Study

The Effects of Media to Its Audience

... The Effects of Media to Its Audience Introduction Media is known to have an influence on the audience. This can be attributed to the fact that the relationship of media and the audience completes the basic process of communication. The media and its components can be considered as the stimuli causing the audience to react in different ways. One of the main areas of interest in the said field is the affective process of the media. In the study undertaken, the main objective is to present the ways and means which exhibit the effects of the media on the different types and classification of audiences. In addition, the said effects are also classified into advantageous and detrimental in nature. The Media and the Audience The effects...
7 Pages(1750 words)Case Study

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Immigration and Its Impact on the United Kingdom

For example, for farming communities, fertile and well-watered land has been a pull factor in migration. Business opportunities and political stability are also examples of pull factors.
Since the turn of the 20th century, Great Britain and Northern Ireland have experienced a great influx of foreigners migrating into the country due to pull or push factors. There have been different waves of migrations to the United Kingdom, which has had different impacts. Because of this, the United Kingdom has had to respond in several ways, which includes coming up with new acts on immigration, nationality, and providing asylum to refugees.1 However, the topic of migration to the United Kingdom has attracted different political views and...
23 Pages(5750 words)Assignment

Cognitive Development in Childhood

The significance of cognitive development among children lies in the fact that the children learn, acquire and develop cognitive and social skills along with other interpersonal skills that help them grow as competent individuals.

This paper addresses the key issues of the development of cognition in children between three to five years. In this context, various theories of cognitive development are discussed briefly along with special reference to the cognitive theory of Piaget. The paper also looks carefully into the relevance of cognitive development during this age upon the development of other areas and skills of the child.

When it comes to the cognitive development of children, the name of Piaget is und...
7 Pages(1750 words)Assignment

Senegal and Its Implications on Tourism

The country has a rich natural and cultural wealth, which forms the basis for tourist attraction. The main religions in the country are Muslim which forms the largest percent, Christian, and traditional religion (Binns, 2002). The big population of Senegal is found in rural areas, where the western-central region is densely populated. In the cities, there is a mixture of Senegalese, Europeans, and Lebanese, but Senegalese forms the largest population. The national language used in Senegal is French and is commonly used by educated people (Binns, 2002).

Researches show that Senegal was inhabited in ancient times. Islam occupied the land as early as the 11th century thus making many Senegalese to be Muslims. The French So...
7 Pages(1750 words)Assignment

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale of market...
7 Pages(1750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Slovenia and Its Economic Development After Entering EU for FREE!

Contact Us