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Economic and Political Thought Quaterly 3/2010

ARTICLES

  • Tadeusz T. Kaczmarek, Does Globalization Endanger the Social Market Economy?
  •  Małgorzata Mikita, Financial Market Integration within the European Union
  • Tomasz G. Grosse, Eleven Years of the Euro System: an Attempt to Verify Some Selected Theoretical Concepts Regarding the European Integration
  • Michał Matusik, Possibility of Using Active and Passive Bank Products in Order to Maximize a Retail Customer’s Benefits
  • Paweł Olszewski, Energy Security – Quo vadis Europe?
  • Józef M. Fiszer, Balance of Polish Membership in the European Union over the First Five Years’ Period
  • Kamil Jaworski, Theoretical Aspects of the State Foreign Policy
  • Jakub Wódka, Turkish Foreign Policy towards Russia - From Cold War Confrontation to Pragmatic Partnership
  • Artur C. Wróblewski, Predominance of Federal Governance in the American Model of a Federal State – Legal and Constitutional Aspects

REVIEWS

  • Marice Vaϊsse, La puissance au l’influence? La France dans le monde depuis 1958  (Kamil Jaworski)
  • Ryszard Żelichowski (ed.),  Pierwsza pięciolatka. Małe państwa Europy środkowo-wschodniej, First Five-Year Plan - Small East-Central European Countries (Paweł Olszewski)
  • Tadeusz T. Kaczmarek, Zarządzanie ryzykiem. Ujęcie interdyscyplinarne, Crisis Management - Interdisciplinary Presentation (Martin Dahl)

SUMMARIES

Tadeusz T. Kaczmarek, Does Globalization Endanger the Social Market Economy

Globalization is a real threat for the social market economy and globalization does not protect weak, ill and helpless people. Multinational corporations acknowledge only one criterion, i.e. profit. To illustrate the situation the author presents a short characteristic of international economic co-operation. He asks the following questions: What was the aim of deregulation of the economic markets? What chaos was caused by that deregulation? How can these negative tendencies be reversed? 
In conclusion the author speaks about the negative influence of globalization on the social market economy. He also describes the features of three attitudes towards globalization, i.e. a radical one, a neoliberal one and a reformist one. Globalization in its present version is spontaneous and will have to be “civilized” in the forthcoming decade.

Małgorzata Mikita, Financial Market Integration within the European Union

The aim of the article is to present the process of financial market integration within the European Union and its assessment. 
The article explains the concept of financial integration and presents steps taken by the European Union in order to integrate the financial market and the level of that integration, and also indicates challenges that the European Union must meet to further integrate its financial market.   
The analysis that was carried out lets the author state that the attempts to create a uniform financial market within the European Union have been unsuccessful so far. Nevertheless, the steps taken by the European Union, i.e. the implementation of FSAP, the introduction of the euro, common financial policy, TARGET or SEPA, greatly contributed to the increase of the level of the EU financial market integration. The development of the integration can be especially seen on the wholesale financial services market. Retail market keeps being poorly integrated. The 21st century financial crisis clearly showed that the process of integration requires an introduction of some changes which mainly regard the issues of financial market supervision.

Tomasz G. Grosse, Eleven Years of the Euro System: an Attempt to Verify Some Selected Theoretical Concepts Regarding the European Integration

The aim of this article is an attempt to verify selected theoretical concepts of the European integration based on the results of the eleven years (1999-2010) of the common monetary system that has been in operation in the European Union. The following theories are examined: neo-functionalism, institutionalism, constructivism, realism and liberal intergovernmentalism. The aim of this paper is also to find hierarchy of the discussed theories, which are at least partly applicable to the common currency system in Europe. At the end of the article some predictions of future developments of the system are presented.  
Michał Matusik, Possibility of Using Active and Passive Bank Products in Order to Maximize a Retail Customer’s Benefits

Paweł Olszewski, Energy Security – Quo vadis Europe?

The author of the article discusses the issue of energy security starting with a characteristic comment on Sascha Muller-Kraenner’s book titled “Energy Security – re-measuring the world”, going through a presentation of selected European Union plans, ideas and activities in that respect and finally presenting and examining a new Jerzy Buzek’s and Jacques Delors’ idea to create European Energy Community. The article discusses issues connected with dual mutually dependent complex of threats growing on the security axis, i.e. energy industry and ecology.   
There is also an analysis of the necessity to develop a common energy strategy and the issue of the present domination of particular interests of the member states which can have a highly destructive effect on the idea of the European integration. Preparing the article, the author drew on his analysis of documents and current European Union and member states’ actions. The conclusions draw readers’ attention to fears about a really common form of action of the member states due to their varied approach towards the issue and inability to develop a really common energy policy. The deliberations led the author to a conclusion that the same sectoral integration that started the process of European Union creation in the 1950s can be the beginning of its end.

Józef M. Fiszer, Balance of Polish Membership in the European Union over the First Five Years’ Period

The aim of the article is to make a synthetic presentation of the first five years of Polish membership in the European Union. The author is aware of the fact that drawing up such a balance is not an easy task. It will take a long time before a full and in-depth analysis of the results of our accession to the European Union and its objective assessment is possible. Despite that, it can be stated even today that in general there is an active balance for Poland and the Polish society.
Having carried out a comparative analysis of the phenomena and processes resulting from the Polish accession to the EU, the author shows that its effects are generally positive in all spheres of life. Due to that, Poland is included in the group of the biggest and most influential countries of the European Union and the world. The author argues that from the perspective of the last five years it is clear that the Polish accession to the EU was one of the most important events in the Polish history, especially in the history of the twentieth century. The accession accelerated political transformation in Poland and transformed the political, social and economic identity of Poland as well as its geostrategic position. 

Kamil Jaworski, Theoretical Aspects of the State Foreign Policy

The aim of the present paper is not only to acquaint readers with some basic concepts related to the analysis of the state foreign policy but also, or even first of all, to show how international relations theories should be properly used in research into this matter. 
In the world that is changing dynamically, the concept of foreign policy itself also evolves. The author presents the assumptions of successive theoretical currents (realism and neo-realism, geopolitics, liberalism and neo-realism, globalism, constructivism and alternative approaches) indicating that each of them can have some strengths and weaknesses depending on the level of analysis adopted by a researcher. Assuming that theories see the world through a certain prism characteristic of them, the author argues that each one is predestined to explain a defined section of reality. That is why he assigns successive research currents, which in his opinion offer the biggest explanatory capabilities for the ongoing processes, to the three detailed basic levels of the state foreign policy (the system one, state one and individual one).

Jakub Wódka, Turkish Foreign Policy towards Russia - From Cold War Confrontation to Pragmatic Partnership

The article discusses Turkish – Russian relations in the context of changes that have been taking place in the international system since World War II. In the first years after the war they were hostile as a result of the cold war confrontation. After the fall of the Iron Curtain, together with the changing geopolitics in the Euro-Asiatic region, Turkish and Russian interests started to more and more coincide in many fields of international policy. Today, although there are still controversial issues between Ankara and Moscow, their relations, especially in the area of economy, are kept at a very high level. 

Artur C. Wróblewski, Predominance of Federal Governance in the American Model of a Federal State – Legal and Constitutional Aspects

The aim of the article is to present the evolution of federal government powers towards the establishment of federal hegemony system in which the predominance of the powers of Washington within the formula of cooperative federalism – or dual federalism – is not questioned any more. Due to the key role of the Supreme Court on the individual stages of the federal governance consolidation, the most important political events will be illustrated by court decisions which show that with the use of the right to supervise the constitutionality of law (judicial review), the Court decided on the course of changes in the state. The activeness of the judges of the Supreme Court in the field of interpretation of central government’s role in the United States can be divided into two periods. In the first one, i.e. the 19th century, the judges extended the influence of the federal government so to speak when protecting the economic philosophy of laissez-faire and the oligarchic interests of big business circles (substantive due process). In the second period, starting in the 1930s, the Supreme Court, under the pressure of public opinion and social and economic changes, decided to protect a new interpretation of citizens’ rights and freedoms (procedural due process of law).
Reflection on the transformations of the American political system and the evolution of complex relations between Washington and individual states towards bigger centralization in the context of the European Union institutional transformations after the Treaty of Lisbon entered into force inspires to assess the possibility of comparing the American model of federalism and experience with the European routes to integration.  Could American experience in state creation be useful in the process of creating effectively functioning Europe?

 

Economic and Political Thought Quaterly 3/2010Economic and Political Thought Quaterly 3/2010