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The World Economy in the Times of Financial Crisis and its Impact on European Energy Policy

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  • Peter Baláž
  • Juraj Bayer

Abstract

Since 2007, globalization of the world economy has led to the expansion of the financial crisis. It affects the long-term international negative positions of EU members. They reacted to the new situation by carrying out structural reforms and by support of new adaptation programs. An important element of this process was the preparing of the convergence of the national energy policies in the framework of the Europe 20-20-20 program, which should remain one of the determining elements of their success in support of the international competitiveness of the EU.

Suggested Citation

  • Peter Baláž & Juraj Bayer, 2015. "The World Economy in the Times of Financial Crisis and its Impact on European Energy Policy," Central European Business Review, Prague University of Economics and Business, vol. 2015(1), pages 14-22.
    • Handle: RePEc:prg:jnlcbr:v:2015:y:2015:i:1:id:115:p:14-22
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    References listed on IDEAS

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    1. Ilya Bolotov & Kateřina Gajdušková, 2013. "Comparison of Market Openness of Brazil, Russia, India and China and of the Central and Eastern European Countries [Srovnání otevřenosti trhů Brazílie, Ruska, Indie a Číny a zemí střední a východní," Současná Evropa, Prague University of Economics and Business, vol. 2013(3), pages 9-34.
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    1. Peter Baláž & Juraj Bayer, . "The World Economy in the Times of Financial Crisis and its Impact on European Energy Policy," Central European Business Review, University of Economics, Prague, vol. 0, pages 14-22.

    More about this item

    Keywords

    comparative advantage; competitiveness; economic policy; energy security of EU; European Commission; globalization of the world economy;
    All these keywords.

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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