Comparative advantage, economic structure and growth: The case of Senegal

Sejkora, Jiri; Sankot, Ondřej

doi:10.4102/sajems.v20i1.1685

Cited by 17 publications

(18 citation statements)

References 18 publications

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“…In term of the initial rounds of talks on the UK's withdrawal from EU, the economic public is interested in the impact of Brexit on UK economy, the future of London as Europe's financial center and the influence of Brexit on financial markets. According to current development trends, UK is inclined to so-called «hard Brexit», which means that UK trade relations will be functioning as a relationship of any other non-member country under World Trade Organization rules (Burda et al, 2017;Sejkora, 2014;Sejkora, Sankot, 2017). To illustrate this issue, almost 12% of UK GDP is exported to the EU.…”

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confidence: 99%

British-Slovak Foreign Trade Relations: Consequences of Brexit

Kordoš

2019

MMI

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The possibility of the UK's withdrawal from the European Union has never been more realistic and up-to-date since joining the European Communities (EC) as it is today. The UK is facing a unique situation. At present, this depends solely on the capabilities of European and British government officials, who negotiate the terms of withdrawal and future cooperation between the two entities. The main goal of this paper is based on the British – Slovak trade relations development analysis to figure out their impact within the Brexit consequences on the future Slovak economy and its current status in international economic relations. The paper also provides a basic overview of Brexit process and its possible impact on the EU's further functioning. Basic data will be drawn from generally accepted institutions, evaluating the UK and Slovak trade and economic performance. To accomplish this goal, methods such as analysis and comparison to illustrate the UK-Slovak foreign trade development, synthesis and logical deduction to discuss the Brexit impact on Slovak economic environment in the future are to be used; data from scientific and professional publications, periodical and non-periodical press. The paper presents the results of an empirical analysis, which showed that because of the size of economic relations between Slovakia and the United Kingdom and the number of goods and services being exported to the UK, the «hard» Brexit will be very unfavourable for Slovak foreign trade due to the possible tariffs being imposed. The research empirically confirms and theoretically proves that it can cause a significant weakening and slowdown in the Slovak economy. Either way, the upcoming Brexit process, that is the withdrawal of Great Britain from the European Union, would have a major impact not only on British, European but also on the world economy. The impact of Brexit on Slovakia's economy will not only be in reducing the possible growth of the economy, but also in employment and price increases. Keywords: EU single market, Britain's withdrawal from the EU, foreign trade policy instruments analysis, international economics, Slovak economy slowdown prediction, Slovak foreign trade commodity structure analysis.

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confidence: 99%

British-Slovak Foreign Trade Relations: Consequences of Brexit

Kordoš

2019

MMI

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“…Those who have gained the most since the start of Industry 4.0 are the customers, having the opportunity to access the digital world (Machkova and Sato 2017). According to Sejkora and Sankot (2017) technologies enabled them to use new products and services to enhance their efficiency and intensify leisure time in their personal lives. For example, ordering a taxi, booking a flight or accommodation, purchasing products, online payments, listening to music, watching movies, or playing games all can now be done at a distance.…”

Section: Discussionmentioning

confidence: 99%

The Approach to Industry 4.0 within the Slovak Business Environment

2019

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Academics, executives and top managers have solid, but also diverse, views on the Industry 4.0 issue, as do the employment policymakers. Without urgent and targeted measures to manage the short-term transition and shape the labor force with the skills needed for the future, governments will have to face increasing unemployment and social impacts, while companies will have to deal with a sluggish consumer base. The main goal of this paper is to find out how managers are perceived and informed about the Industry 4.0 concept and how quickly these views are changing. To accomplish this goal, methods such as analysis, synthesis, statistical methods and logical deduction are to used along with the conducted survey being executed by a questioner method. The conducted survey presented by the authors in this paper aims to support the discussion and open up opportunities for further action by providing views to HR managers in strategic employers who are among the leading representatives of new trends and are the key actors in the implementation of future labor development strategies in the Slovak Republic.

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“…The basic assumption is that it must be an integral part of any management practice regardless of the management level. The risk management process includes risk identification, risk analysis and risk management planning (Sejkora & Sankot, 2017). Risk identification is determining which risks may affect the cluster activities.…”

Section: Fig 1 Four Basic Levels Of a Clustermentioning

confidence: 99%

Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation

Havierniková¹,

Kordoš²

2019

JESI

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Small and medium enterprises carry out their activities in a dynamic environment that is affected by various processes that also impact their sustainability. The future has the companies that are able to respond promptly to the challenges and are able to exploit opportunities sufficiently. One form of modern entrepreneurship that could help SMEs' sustainability in this environment is the cluster cooperation. This form of entrepreneurship brings many positive effects, but is also affected by various risks. The main aim of this study is to assess the perception of selected business risks that have an impact on SMEs' engagement into cluster cooperation. Using the questionnaire surveys of 1004 SMEs the perception was evaluated with emphasis on the differences between micro-small-and medium sized enterprises. From the data obtained, the tendencies are exposed through the evaluation of following risk categories such as: Market risks, Relation risks, Common resources risks, Operational risks, and Competency risks being assigned by a particular risk indicator afterwards. The final evaluation being made upon all respondents' answers analysis has confirmed that the competition risk turned out to be the most important risk indicator.

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Comparative advantage, economic structure and growth: The case of Senegal

Cited by 17 publications

References 18 publications

British-Slovak Foreign Trade Relations: Consequences of Brexit

British-Slovak Foreign Trade Relations: Consequences of Brexit

The Approach to Industry 4.0 within the Slovak Business Environment

Selected risks perceived by SMEs related to sustainable entrepreneurship in case of engagement into cluster cooperation

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