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Merger Control in the European Union
Moldovanu, Victoria ; Serdarevič, Goran (advisor) ; Vacek, Pavel (referee)
The main goal in this paper is to make an in-depth analysis of the regulatory situations that can arise during mergers when political involvement takes place. The research is based on four controversial merger cases of undertakings within the same country (E.On-Ruhrgas), European Union countries (E.On-Endesa, Unicredit-Hypoverein) and between companies from the USA (Boeing-McDonnell Douglas) that have effect on the European market. We analyze the four mergers using Michele Ruta and Massimo Motta models from the paper "A Political Economy of Merger Policy in International Markets" (2008). By the end of the research we reached the conclusion that due to some lapses in the European Commission Merger regulation at the time of the mergers, as well as due to government involvement in the mergers, they are not always cleared in the benefit of the market competition or consumer welfare, but due to nationalistic interests of governments to have big players on the market or to keep governmental power in certain industries, even with the risk of harming competition. Along with this, from the mergers analyzed here, it becomes clear that local or union authorities scrutinize the foreign acquirers more.
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Rozdílné aspekty hegemonické pozice Velké Británie a USA
Klučka, Marek
This paper analyses the leadership of Great Britain and the USA in the historical context in terms of economic, geopolitical and institutional factors. The first part presents the theoretical concepts of hegemonic position and econometric analysis. The second part is then the actual comparison of the hegemonic position of the United Kingdom and the USA. For comparison is used the method of critical analysis, by economic factors is also carried out an econometric analysis. The conclusion then listed the reasons for variations of the global hegemon, and is designed to discussion on future hegemon.
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The economic education in the 50s of the 20th century
Halíková, Petra ; Szobi, Pavel (advisor) ; Chalupecký, Petr (referee)
The diploma thesis focuses on the topic of the economic education in the 50s of the 20th century. The issue is analyzed on the example of the University of Economics in Prague. The establishment of the University of Economics became an important milestone for the economic education in Czechoslovakia. The University of Economics was established in 1953 on the basis of the governmental regulation from 19th August 1952 No. 40/1952 Coll. regarding another changes in the organization of universities. It was stated that the studies would be for four years and the students would be able to choose from five faculties. This school was set up after the previous difficult development on the ground of the universities. The establishment of the University of Economics forewent cancelation, renaming and the establishment of different universities. These universities also concentrated on schooling in the area of economics. The legacy of the University of Economics can be seen in the continuity to the venerable University of Commerce, which belonged among the successful universities in our state. Furthermore, it undoubtedly helped to develop the origins of economics as a branch of science. The schooling on the universities in the 50s was influenced by Marxist-Leninist ideology, which was perceived as general truth at the time. The aim of the thesis is to clarify whether the University of Economics contributed to the development of the economic education in the 50s. The theoretical part of the thesis is focused on the analysis of the applied methodology. The applied methodology is a collection of knowledge - a social history. Moreover, there are discussed institutions and legislations foregoing the establishment of the University of Economics. In the practical part of the thesis is described the state of economics as a science in the 50s in Czechoslovakia and the importance of Marxism-Leninism and political economics for economy. In addition, there is outlined the development of economics as science during a certain period of time.
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Global Political Economy of New Regionalism and the European Union
Hnát, Pavel ; Cihelková, Eva (advisor) ; Neumann, Pavel (referee) ; Kabát, Ladislav (referee) ; Čajka, Peter (referee)
The thesis focuses on theoretical and empirical analysis of the New Regionalism trends that are further applied to the case of the European Union. Aim of the thesis is to explain the substance and features of New Regionalism in the world economy and confront them with the current state of integration in the European Union. The matter is whether the European Union, which has belonged to the most successful examples of regional integration, is strong and flexible tool of its member states to cope with changing conditions of the globalized world economy and whether it can aspire for a more substantial role in regional and global governance.
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Political determinants of economic reforms: case study of of pension schemes
Lukeš, Tomáš ; Lehmannová, Zuzana (advisor) ; Klosová, Anna (referee)
The work aims to explain the character and success/failure of pension reforms with help of political explanatory variables. The constitution of given political system is considered, as well as the actual political alignment and the role of electorate, in explaining the processes underlying the pension scheme reforms - a major topic of today's aging societies. The case study approach is used, utilising the recent experience of Great Britain and Sweden in reforming the pensions. The findings are compared with the results and conclusions suggested by a dynamic economic model of pension scheme switch, demonstrating eventually what factors and conditions are favorable for pension reforms, both from the political and the economic point of view.
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Selected Aspects of Business Environment, Cultural Specifics and the Formation of International Institutional Comparative Advantage of South Korea – Mutual Relationships
Šípková, Martina ; Zamykalová, Miroslava (advisor) ; Kalínská, Emílie (referee) ; Lehmannová, Zuzana (referee) ; Horák, Tomáš (referee)
This thesis deals with historical and socio-cultural context of Korean political economy and its relationships with important aspects of Korean business environment. The work dedicates significant space to chaebols as specific business organizational structures and the application of Korean paradigm of rationality to the reform following 1997 International Monetary and Financial Crisis. The main part of the thesis focuses on the analysis of Korean political economy from the viewpoint of its institutional comparative advantage, through which Korean cultural characteristics influence commodity structure of Korean international trade and Korea's patent specialisation profile. The main contribution of the thesis lies in its effort to document mutual relationships and links among various aspects of Korean political economy. The findings of the thesis show that Korea's socio-cultural characteristics still represent an important factor influencing Korean business environment and local form of capitalism. The continuing existence and success of chaebols in current economy implies that the socio-cultural and economic sources of their existence still prevail despite the increasing number of conglomerates of non-chaebol types operating in Korea since post-crisis reform. The application of "Eastern paradigm" to the post-crisis reform reveals that the reform was based on "Western paradigm" of highly liberal Anglo-American form of capitalism and crisis management was thus ethnocentrically biased. Regarding the institutional comparative advantage, the thesis concludes Korea can be regarded as a group coordinated market economy where mutual links among various agents of its political economy are of outmost importance, with some aspects of liberal market economies. The main coordination mechanism of Korean political economy can be characterised as thick networks of highly particularistic socio-economic relationships based on Korean socio-cultural characteristics. This institutional and socio-cultural set up provides Korean companies with capacities that favour companies'preference of incremental innovation production strategies. However, Korean "mobilizational culture" along with other specific organizational principles and socio-cultural features of Korean corporate culture also provide Korean firms with advantages in some radical innovation fields.
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