As a consequence of the new regionalism a marked increase in the number of regional groupings can be observed which makes the preferential relations between states even more complicated and complex. One of such complex relationships, which did not come to being during the third wave of...

According to the results of the International Comparison Project, based on exchange rates and prices recorded in 1996, prices in the Czech Republic (CR) were markedly lower than prices charged for many comparable products and services in the European Union. This observation led some commentators...

The purpose of the study is to analyse and evaluate the position and trend of international competitiveness of the Central European EU countries, and the results of the influence of their EU membership on the competitiveness of the chosen countries. The study method is based on a complex set of...

Economic globalisation can be defined as growing interdependence of financial and goods and services markets in the international scale. The important part of globalisation form supranational corporations, which are reaction on the rising competitiveness and need for strategic alliances. The...

Paper inquires into historical development of key theoretical concepts related to purchasing power parity in 20th century. It presents theories which explain relation between price level, labor productivity and exchange rate. These theories explain the process of how the long-run equilibrium...