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The evolution of natural gas trading in Great Britain
Zoller, Martin ; Šír, Jan (advisor) ; Váška, Jan (referee)
Bachelor thesis discusses the causes of spot gas market development in the UK, covering the period from 1986 to 1998. The first chapter describes pricing mechanism in long-term contracts and spot market pricing. The second chapter traces the transition from long-term contracts to spot trading in the UK. The work maps the legislative process of gas market liberalization, policies of the incumbent government and internal and external factors. The thesis suggests that the success of the liberalization process, which enabled the transition from long-term contracts to an advanced spot market was primarily facilitated by favourable conditions on the supply and demand side.
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Competitivness of the Czech manufacturing sector in the context of global value chains
Zoller, Martin ; Czesaný, Slavoj (advisor) ; Damborský, Milan (referee)
The thesis analyzes competitiveness of the Czech manufacturing industry in the context of global value chains using data from the OECD TiVA database in years 2000, 2005, 2008 and 2009. The main aim of this work is to highlight the importance of global value chains and outline how the Czech Republic can increase its added value within them. In order to fulfill this objective, the theoretical part explains the importance of global value chains in modern manufacturing industry. In the practical part, five selected industries of the Czech manufacturing sector are compared with the respective industries in Denmark, Finland, Netherlands, Germany and Sweden using indicators of the added value and productivity of production factors. The last section describes the implications and recommendations for the Czech Republic.
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East Asian Crisis in South Korea and the Role of International Institutions
Zoller, Martin ; Jiránková, Martina (advisor) ; Zapletal, Petr (referee)
The aim of this paper is to provide greater insight into the role of international organizations, notably the International Monetary Fund, during the crisis in South Korea and objectively evaluate their actions. The first chapter describes the economic development in historical context and subsequent causes of the crisis in South Korea. The second part is devoted to the course of the crisis, its effects on the economy and also the measures that were adopted by the Korean Government. This section also describes the response of the IMF as the major international institution, responsible for the rescue project. The third part focuses on the agenda of the Washington consensus and proposed changes.
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