Each country has to be able to develop efficient economic policy, facilitating sustainable economic development of national economy. In order to devise such policy, development patterns of a country has to be known, external threats indicated and various scenarios of their impact has to be foreseen, their impact forecasted and discussed. Alas, in contemporary environment in conditions of globalization predicting of development peculiarities and external factors’ impact becomes especially urgent issue. Presented paper is devoted to discussion about predicted development selected national economies with account of threats caused by global environment. Economic indicators of Lithuania and Germany forested for period of three years, estimated, are being analyzed. The following methodology is applied. At first main macroeconomic indicators, such as real GDP growth, inflation, interest rates and unemployment ceteris paribus forecasted until year 2022 will be compared. The second, external threats will be selected and considered. Forecasted impact of indicated threats on real GDP growth of Lithuania and Germany will be discussed; source of employed data: database Passport, provided by Euromonitor International Company and powered by Clarivate Analytics (data are provided for research purposes for subscribed users). Change of real GDP growth in Lithuania and Germany under indicated threats pressure after one year period and three years period is juxtaposed. The findings suggest insights about development patterns of small comparatively less developed open economy and big well developed country belonging to the same economic union. Findings are instrumental for devising national economic policies enhancing resilience of national economies to external (global) threats.
Our paper is dealing with the issues of economic security and international relations in the European Union (EU) at the uncertain times of rethinking European security and sustainability in the face of Brexit and other challenges facing Europe.
The paper focuses on the EU issues from the point of view of the outside observer. It also discusses the EU neighborhood policies, EU energy balance and power nexus, as well as other economic and political challenges that might undermine the position of the EU in the rapidly changing world.
We analyze the EU economic and energy strategy and discuss the implications of Brexit on the EU economy and security in the world affairs. The paper tackles such important issues as energy security, economic security, international trade in the EU and the future of the Eurozone. Our results and implications might be useful for relevant policy-makers, EU decision-makers, relevant stakeholders as well as for the citizens of the EU residing both in the “new” and the “old” Member States who might want to get a non-involved expert insight into the European affairs and that possible pathways of its future development.
The author presents a new European security environment after the “Cold War”, including not only the challenges and threats to the international security but also the essential conditions and problems of the European security evolution at the beginning of the 21st century. He shows the dynamic and constant changes taking place within the international environment and those related to the progress of civilization. Moreover, he stresses that current policy and security measures are not capable of effective action against having to appear before the new challenges and threats. Then the problem of unity and identity in the transatlantic relationship is taken. According to the author, in complicating sphere of the international conditions the role of multilateral institutions effectiveness in the international cooperation increases. Due to the increasing importance of interdependence and internationalization, European security challenges are European-wide and even transatlantic. Addressing them requires the preservation of unity that will be possible by strengthening common identity based on shared values and common interests.