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Productivity has a key role to play in the EU's long-term economic growth. The recent economic recovery has reversed the negative trend but concerns remain about long-term prospects. Productivity varies across the EU, with newer Member States reaching only about half the level of the older ones (EU-15) when measured in terms of gross domestic product (GDP) per hour worked, but showing a higher growth dynamic. The recent poor productivity growth in the EU raises a number of important policy questions ...

Public infrastructure consists of the basic physical assets and structures that support economic activity. Investment in such assets is markedly different from other types of capital expenditure, due to the heavy involvement of the public sector and the significant positive spill-over that it generates throughout the economy. Yet the same characteristics that underlie infrastructure investment can also result in its under-provision over time, due to factors such as fiscal constraints. In the European ...

Indonesia is by far the largest south-east Asian economy and a member of the G20. Structural problems are preventing the country from achieving its full economic potential and are dragging down growth. President Joko Widodo has set an ambitious economic reform agenda, but there are still enormous obstacles and it is too early to say whether his efforts will have a lasting impact.

In the past five years, the Turkish leadership has announced a series of megaprojects, the purpose of which is both to support national development, and to gain a place for the country in the world's top ten economies. The main megaprojects include the 'Canalistanbul', which will create an additional shipping channel from the Marmara Sea to the Black Sea, a new airport, with the ambition to be the busiest in the world, a third bridge across the Bosphorus in Istanbul, as well as nuclear power plants ...

Since the turn of the millennium, Africa has achieved high and sustained growth rates, sparking hopes that the 21st century could be Africa's century. As the global economic context is turning less favourable, other drivers of growth than export commodities become essential. The primary sector (agriculture and extractive industries) will remain vital for most African countries but it has to generate more industrial processing locally. Services have contributed significantly to growth, being the fastest ...

Myanmar/Burma: The next tiger?

V stručnosti 22-10-2015

Decades of economic mismanagement have left formerly wealthy Myanmar/Burma one of the poorest countries in the world. However, prospects have brightened recently – foreign trade and investment are booming, growth is accelerating and decrepit infrastructure is being rebuilt, giving the country a chance of becoming the next south-east Asian 'tiger' economy.

This study provides a critical analysis of EGTCs in light of their potential to improve territorial cooperation in Europe. On the basis of a literature review and case studies, the study offers insights into previous achievements of EGTCs, obstacles of their foundation and functioning as well as on their future perspectives. Recommendations have been derived to contribute to the opinion-forming process of the European Parliament about general lessons, future potentials and possibilities for further ...

Cohesion policy is the EU's main investment policy, with a budget of over €350 billion for the 2014-20 period. It supports investments in employment, small and medium-sized enterprises (SMEs), environment and infrastructure. The sixth cohesion report, published by the European Commission in July 2014, analyses the impact, evolution and future prospects of cohesion policy.

Infrastructure investments are an important element in international economic cooperation. Besides bilateral agreements, European donor countries often use the institutional platform given by the World Bank or the International Monetary Fund (IMF) to negotiate the terms of financial assistance with recipient countries. However, the dominance of these Western development and investment institutions is challenged by China, which has launched the Asian Infrastructure Investment Bank (AIIB). While the ...

EU’s relations with Africa still need to be guided by high level political ambitions expressed in a revitalised political statement — the Joint Africa Europe Strategy (JAES) — agreed by heads of state and government and EU and AU leadership in 2007. The JAES is also a multi-dimensional cooperation partnership. Despite its bureaucratic shortfalls, politically aware and motivated stakeholders actually managed to use it effectively in conducive environments. Yet, the partnership has lost its political ...