The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth

Arnošt Böhm; Iva Šírová

doi:doi:10.11648/j.jwer.20140306.11

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The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth

Arnošt Böhm, Iva Šírová

Published in Journal of World Economic Research (Volume 3, Issue 6)

Received: 23 October 2014 Accepted: 31 October 2014 Published: 17 November 2014

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Abstract

The European Union lost its priority status within the global economy, both in terms of exports growth rate and also its share in the global exports. And it just happened in a situation when the growth of economic involvement of individual countries or groups of countries is not only considered as an important indicator, but also a factor of economic growth. At the same time the global risk rate of human society development is increasing. Recently the EU went through some institutional changes, as the economic and financial crisis fades away, including the establishment of the new European Commission as well as the effort towards the change of its economic policy. However the Multiannual Financial Framework, the EU budget, was compiled back in 2012, i.e. in the period with only few minor signs of economic recovery. The structure of this EU budget for the period 2014-2020 is therefore tailored to the structure applied in the past budgeting periods. Therefore the budget neither is nor it can become a framework for the offensive EU economic policy. One of the reasons is that it counts with spending money for dealing with past rather than the future issues. The European Commission is well aware of the strategic importance of international trade and its support for future EU competitiveness and therefore it creates - on a long-term basis - preconditions for opening new markets. The problem is utilization of such newly created space in a situation where the vast majority of the "new" markets suffer from unusual economic and political risks. The state support for exports, implemented through state budgets, may often lead to unwillingness of business entities to get involved in risky projects in these unknown and unfamiliar territories, thus waiving the opportunities given by EU. One of the potential solutions for this limitation could be the introduction of an institutional base at the EU level, to provide a complex assistance and support for exports from member countries, especially those less developed, particularly in the financial sector and also in the sector of economic information.

Published in	Journal of World Economic Research (Volume 3, Issue 6)
DOI	10.11648/j.jwer.20140306.11
Page(s)	65-71
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Multiannual Financial Framework, Export Support, Cohesion, Country and Global Risks, Preferential Treatment, New Markets

References

[1]	Berne Union Statistics. [online]. 1980-2013 [cit. 2014-10-05]. Dostupné z: http://www.berneunion.org/
[2]	BÖHM, A. a FUJEROVÁ, I. Decision making proccess and responsibility in the global economy. Advances in Education Research. 1. vyd. Melbourne: Information Engineering Research Institute, 2013, roč. 2013, č. 13. S. 98 – 106. ISSN 2160-1070.
[3]	BÖHM, A. a ŠTIBRÁNYIOVÁ, L. Competitive Neutrality of the Oecd Consensus Myth Or Reality. China-USA Business Review. 1. vyd. Rosemead: David Publishing, 2013, roč. 12, č. 11. S. 1044 – 1054. ISSN 1537-1514.
[4]	Country Risk Classifications of the Participants to the Arrangement on Officially Supported Export Credits, Valid as of 25 July 2014, available here: http://www.oecd.org/trade/xcred/crc.htm
[5]	Global Risks 2014, Ninth Edition, The World Economic Forum, Geneva, ISBN-13: 92-95044-60-6 ISBN-10: 978-92-95044-60-9
[6]	http://www.mpo.cz/dokument92562.html
[7]	Politiky Evropské Unie, Obchod ISBN 978-92-79-24225-0
[8]	Www.euroskop.cz. [online]. [cit. 2014-10-05]. Dostupné z: https://www.euroskop.cz/8879/sekce/vydaje-rozpoctu-eu/
[9]	Www.imf.org. [online]. [cit. 2014-10-06]. Dostupné z: http://www.imf.org/external/index.htm

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Arnošt Böhm, Iva Šírová. (2014). The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. Journal of World Economic Research, 3(6), 65-71. https://doi.org/10.11648/j.jwer.20140306.11

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Arnošt Böhm; Iva Šírová. The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. J. World Econ. Res. 2014, 3(6), 65-71. doi: 10.11648/j.jwer.20140306.11

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AMA Style

Arnošt Böhm, Iva Šírová. The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. J World Econ Res. 2014;3(6):65-71. doi: 10.11648/j.jwer.20140306.11

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@article{10.11648/j.jwer.20140306.11,
  author = {Arnošt Böhm and Iva Šírová},
  title = {The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth},
  journal = {Journal of World Economic Research},
  volume = {3},
  number = {6},
  pages = {65-71},
  doi = {10.11648/j.jwer.20140306.11},
  url = {https://doi.org/10.11648/j.jwer.20140306.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20140306.11},
  abstract = {The European Union lost its priority status within the global economy, both in terms of exports growth rate and also its share in the global exports. And it just happened in a situation when the growth of economic involvement of individual countries or groups of countries is not only considered as an important indicator, but also a factor of economic growth. At the same time the global risk rate of human society development is increasing. Recently the EU went through some institutional changes, as the economic and financial crisis fades away, including the establishment of the new European Commission as well as the effort towards the change of its economic policy. However the Multiannual Financial Framework, the EU budget, was compiled back in 2012, i.e. in the period with only few minor signs of economic recovery. The structure of this EU budget for the period 2014-2020 is therefore tailored to the structure applied in the past budgeting periods. Therefore the budget neither is nor it can become a framework for the offensive EU economic policy. One of the reasons is that it counts with spending money for dealing with past rather than the future issues. The European Commission is well aware of the strategic importance of international trade and its support for future EU competitiveness and therefore it creates - on a long-term basis - preconditions for opening new markets. The problem is utilization of such newly created space in a situation where the vast majority of the "new" markets suffer from unusual economic and political risks. The state support for exports, implemented through state budgets, may often lead to unwillingness of business entities to get involved in risky projects in these unknown and unfamiliar territories, thus waiving the opportunities given by EU. One of the potential solutions for this limitation could be the introduction of an institutional base at the EU level, to provide a complex assistance and support for exports from member countries, especially those less developed, particularly in the financial sector and also in the sector of economic information.},
 year = {2014}
}

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AU  - Iva Šírová
Y1  - 2014/11/17
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AB  - The European Union lost its priority status within the global economy, both in terms of exports growth rate and also its share in the global exports. And it just happened in a situation when the growth of economic involvement of individual countries or groups of countries is not only considered as an important indicator, but also a factor of economic growth. At the same time the global risk rate of human society development is increasing. Recently the EU went through some institutional changes, as the economic and financial crisis fades away, including the establishment of the new European Commission as well as the effort towards the change of its economic policy. However the Multiannual Financial Framework, the EU budget, was compiled back in 2012, i.e. in the period with only few minor signs of economic recovery. The structure of this EU budget for the period 2014-2020 is therefore tailored to the structure applied in the past budgeting periods. Therefore the budget neither is nor it can become a framework for the offensive EU economic policy. One of the reasons is that it counts with spending money for dealing with past rather than the future issues. The European Commission is well aware of the strategic importance of international trade and its support for future EU competitiveness and therefore it creates - on a long-term basis - preconditions for opening new markets. The problem is utilization of such newly created space in a situation where the vast majority of the "new" markets suffer from unusual economic and political risks. The state support for exports, implemented through state budgets, may often lead to unwillingness of business entities to get involved in risky projects in these unknown and unfamiliar territories, thus waiving the opportunities given by EU. One of the potential solutions for this limitation could be the introduction of an institutional base at the EU level, to provide a complex assistance and support for exports from member countries, especially those less developed, particularly in the financial sector and also in the sector of economic information.
VL  - 3
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Arnošt Böhm
Iva Šírová

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APA Style

Arnošt Böhm, Iva Šírová. (2014). The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. Journal of World Economic Research, 3(6), 65-71. https://doi.org/10.11648/j.jwer.20140306.11

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ACS Style

Arnošt Böhm; Iva Šírová. The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. J. World Econ. Res. 2014, 3(6), 65-71. doi: 10.11648/j.jwer.20140306.11

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AMA Style

Arnošt Böhm, Iva Šírová. The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth. J World Econ Res. 2014;3(6):65-71. doi: 10.11648/j.jwer.20140306.11

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@article{10.11648/j.jwer.20140306.11,
  author = {Arnošt Böhm and Iva Šírová},
  title = {The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth},
  journal = {Journal of World Economic Research},
  volume = {3},
  number = {6},
  pages = {65-71},
  doi = {10.11648/j.jwer.20140306.11},
  url = {https://doi.org/10.11648/j.jwer.20140306.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jwer.20140306.11},
  abstract = {The European Union lost its priority status within the global economy, both in terms of exports growth rate and also its share in the global exports. And it just happened in a situation when the growth of economic involvement of individual countries or groups of countries is not only considered as an important indicator, but also a factor of economic growth. At the same time the global risk rate of human society development is increasing. Recently the EU went through some institutional changes, as the economic and financial crisis fades away, including the establishment of the new European Commission as well as the effort towards the change of its economic policy. However the Multiannual Financial Framework, the EU budget, was compiled back in 2012, i.e. in the period with only few minor signs of economic recovery. The structure of this EU budget for the period 2014-2020 is therefore tailored to the structure applied in the past budgeting periods. Therefore the budget neither is nor it can become a framework for the offensive EU economic policy. One of the reasons is that it counts with spending money for dealing with past rather than the future issues. The European Commission is well aware of the strategic importance of international trade and its support for future EU competitiveness and therefore it creates - on a long-term basis - preconditions for opening new markets. The problem is utilization of such newly created space in a situation where the vast majority of the "new" markets suffer from unusual economic and political risks. The state support for exports, implemented through state budgets, may often lead to unwillingness of business entities to get involved in risky projects in these unknown and unfamiliar territories, thus waiving the opportunities given by EU. One of the potential solutions for this limitation could be the introduction of an institutional base at the EU level, to provide a complex assistance and support for exports from member countries, especially those less developed, particularly in the financial sector and also in the sector of economic information.},
 year = {2014}
}

Copy | Download

TY  - JOUR
T1  - The European Export Support as a Strategic Challenge and a Precondition for the EU Economic Growth
AU  - Arnošt Böhm
AU  - Iva Šírová
Y1  - 2014/11/17
PY  - 2014
N1  - https://doi.org/10.11648/j.jwer.20140306.11
DO  - 10.11648/j.jwer.20140306.11
T2  - Journal of World Economic Research
JF  - Journal of World Economic Research
JO  - Journal of World Economic Research
SP  - 65
EP  - 71
PB  - Science Publishing Group
SN  - 2328-7748
UR  - https://doi.org/10.11648/j.jwer.20140306.11
AB  - The European Union lost its priority status within the global economy, both in terms of exports growth rate and also its share in the global exports. And it just happened in a situation when the growth of economic involvement of individual countries or groups of countries is not only considered as an important indicator, but also a factor of economic growth. At the same time the global risk rate of human society development is increasing. Recently the EU went through some institutional changes, as the economic and financial crisis fades away, including the establishment of the new European Commission as well as the effort towards the change of its economic policy. However the Multiannual Financial Framework, the EU budget, was compiled back in 2012, i.e. in the period with only few minor signs of economic recovery. The structure of this EU budget for the period 2014-2020 is therefore tailored to the structure applied in the past budgeting periods. Therefore the budget neither is nor it can become a framework for the offensive EU economic policy. One of the reasons is that it counts with spending money for dealing with past rather than the future issues. The European Commission is well aware of the strategic importance of international trade and its support for future EU competitiveness and therefore it creates - on a long-term basis - preconditions for opening new markets. The problem is utilization of such newly created space in a situation where the vast majority of the "new" markets suffer from unusual economic and political risks. The state support for exports, implemented through state budgets, may often lead to unwillingness of business entities to get involved in risky projects in these unknown and unfamiliar territories, thus waiving the opportunities given by EU. One of the potential solutions for this limitation could be the introduction of an institutional base at the EU level, to provide a complex assistance and support for exports from member countries, especially those less developed, particularly in the financial sector and also in the sector of economic information.
VL  - 3
IS  - 6
ER  -

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