Trade in services
Journal of European Economy, Volume 7, Issue 1, March 2008, pp.102-107
|JEL: F16, F21||Full text (PDF)|
Trade in services differs from trade in physical goods. This article highlights some effects of liberalization of trade in services, especially the effects of off-shoring. Many Western European companies settle new branches in Eastern European countries, and this process is known as «off-shoring». This is a new phenomenon discussed in the Western European press, particularly its effects on the labour market. But off-shoring does not only create unemployment in the country where branches were closed. Off-shoring can lead to adjusted wages in the off-shored-sector: after a decline of wages, they can rise again.
Udo Broll, Adreas Förster
Economic data on Ukraine
Journal of European Economy, Volume 6, Issue 1, March 2007, pp.48-59
|JEL: F16, F21
||Full text (PDF)|
Germany is Ukraine’s second most important trade partner after Russia. Ukraine features a growing market for metallurgy products, machines and textiles. Along with this positive foreign trade development, which can potentially benefit Germany and the EU countries, one should take into account the macroeconomic development, such as a high inflation rate. Our article presents some empirical data on the economic development of Ukraine and discusses economic grounds for these processes.