Central European Business Review 2014, 3(4):7-13 | DOI: 10.18267/j.cebr.97

New Member States of the European Union and the Current Trends in the World Economy

Ilya Bolotov
Ing. Ilya Bolotov, Ph.D., MBA, Faculty of International Relations, Department of International Trade, University of Economics, Prague, nám. W. Churchilla 4, 130 67, Prague, Czech Republic, ilya.bolotov@vse.cz

This paper describes the specifics of the current development of the world economy and discusses implications for new member states of the European Union, the EU NMS, with a small case study on the Czech Republic. The paper is divided into four parts: the trends, the EU NMS and the effects of the trends in the EU NMS and in the Czech Republic. The paper is based on a general economic analysis of data provided by the World Bank (WB), the International Monetary Fund (IMF), Eurostat, the European Central Bank (ECB) and by the Czech Statistical Office (CZSO). Being familiar with recent macroeconomic trends is nowadays important for Central and Eastern European managers in order to efficiently adapt their strategies to the constantly changing business environment.

Keywords: world economy; crisis; European Union; new member states; Czech Republic
JEL classification: F01, F15, O52, P20

Received: September 28, 2014; Revised: December 1, 2014; Published: December 31, 2014  Show citation

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Bolotov, I. (2014). New Member States of the European Union and the Current Trends in the World Economy. Central European Business Review, 3(4), 7-13. doi: 10.18267/j.cebr.97
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