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Volume 5, No. 2

Published 28 February 2017

Articles

  1. Cause or Function? On the 19th-Century Revolution in the theory of Value and its Consequences to Contemporary Economics

    A 19th-century revolution in the theory of value did change both an understanding and an approach to the concept of value. However, as Taylor [1958] noticed, a fundamental change in the theory of value was not subjectivism but a concept of utility and a notion of interdependence. As a result, contemporary schools of economics such as neoclassical and mathematical ones recognize the economic phenomena as a functional adequacy. The article proves that giving up the causal thinking for functional adequacy may generate adverse effects/results in science. Functional adequacy does not explain the nature of phenomena. It resolves in fact to the scientific description. Moreover, it has been noticed that the followers of the positivism school recognize interdependence relations not referring to value theory which is a fundamental element of the theory of prices. In addition, it has been stressed that resigning from causal thinking may lead to the logical fallacy called circulusvitiosus. Functional adequacy does not include a category of time which is a basic category in exchange relations.
  2. Value in Relations with the Final Customer

    With the modern level of competition in the consumer goods market, customers have a wide choice of products and services, and by carrying subjective choices can maximize the satisfaction level of consumption. This creates a threat to companies who are forced to seek new ways of meeting the needs of its customers. Nowadays, various concepts focus on the benefits that result from establishing and strengthening relationships with final customers. The opportunity to participate in the design and development of the offer increases the satisfaction and loyalty of customers who are increasingly becoming co-creators of value.
  3. Foreing Partner Selection Criteria with the Example of Polish Importers and Exporters

    The paper presents the results of a study on the foreign partner selection criteria applied by Polish firms cooperating with partners from Germany and China. The analysis was conducted on a sample of 278 Polish exporters and importers. The study has shown, that the partner's interest in the cooperation and price the partner is willing to pay (in the case of exporters), the price offered (in the case of imports from China), partner's experience and the comprehensiveness of the offer (in the case of imports from Germany) are factors that influence the partner selection decision the most. Only a small dependence between the selection criteria and the partner's country of origin was observed. Some partner selection criteria were positively correlated with international cooperation experience indicators (years of international cooperation, number of countries the partners were coming from, number of partners in China/Germany).
  4. Inward-Outward Internationalization Patterns of Medium and Large-Sized Polish Firms During the Economic Transition

    The aim of this paper is to answer the following question: What are the patterns of internationalisation of medium and large-sized Polish enterprises established after 1989 due to export and import linkages and in terms of the speed of internationalisation, the age of export, and the age of import. Telephone interviews using the CATI method were employed to collect data and 251 telephone interviews with respondents from Polish companies established after 1989 which employ 50 or more employees were completed. Three patterns of the internationalization of Polish companies have been identified: exporters who are not importers, exporters who are importers and importers who are not exporters. The surveyed companies are characterized by the low age and speed of export. There is a lack of significant differences between exporters who are not importers and exporters who are importers in terms of the age of export and the speed of export.
  5. The Influence of Complementarities between Technological and Non-Technological Innovation on New Product Export Intensity. A Study of Polish Manufactruring Firms in the Period of the Global Economic Crisis (2008-2010)

    The goal of the paper is to assess the influence of complementarities between various modes of innovation (product, process, marketing and organizational innovation) on firms' new products' export intensity. The study is based on a sample of 2,795 large and medium-size innovative manufacturing firms, extracted from a Community Innovation Survey for 2008-2010 conducted by GUS in Poland. The results of the UNIANOVA procedure reveal that complementarities among product, process and marketing innovation; product and organizational innovation; product and marketing innovation; as well as among the product, marketing and organizational innovation have a positive impact on the export sales of innovative products. These results are in line with the outcomes of other studies indicating that each type of innovation may act to complement at least one other mode of innovation. We indicate that the firms should apply a multifaceted approach to innovation looking for possible complementarities among innovative activities leading to higher export performance.
  6. Transational Corporations and Regional Production Networks in Asia and the Pacific Region

    The Asia Pacific region is characterized by a high degree of investment attractiveness and a competitive location for many global transnational corporations. Production is based on components produced locally as a result of the establishment of strong production networks in the region, the low cost of transport and customs facilitation in the Asia Pacific region, in particular in the group of ASEAN. The cost of production and the transportation of individual components needed, e.g. in the automotive industry or IT is crucial in the decision making process of the unfolding chain of production by a country. Strong economic ties and integration processes taking place on a regional scale are crucial for the region and access to the global market through transnational corporations and production networks is necessary for the further economic development of the region. The aim of the article is to identify models of production networks created by transnational corporations in the Asia Pacific region. Production networks operating in the region and in the ASEAN group of countries, which are becoming an important production center, will be subject to a detailed analysis. This article is based on a descriptive method and the analysis and comparison of secondary sources mainly related to the production networks created by corporations in Asian countries. The analysis covered the available Polish and foreign literature dealing with topics related to the investment attractiveness of the market and the individual countries of the Asia and Pacific region in the context of production network formation. The article attempts to outline the investment attractiveness of the studied region in the context of foreign investment made by corporations operating in production networks, which can be a direct implication for economic practice. The article is a voice in the debate on scientific models of production networks operating in different national economies and regions of the world.
  7. The Prospects of Multilateral vs Regional Liberalization of Trade with Agricultural Products in the Background of New Trends on Food Markets after the 2008 Crisis

    This paper aims to identify the role of the WTO in the multilateral liberalization of trade in agri-food products and its alternative - trade regionalism. In the first part of the article we have identified the most important trends characterizing contemporary world agricultural markets after 2008. On the basis of the World Bank NRA estimate, we have also presented the evolution of agricultural policy in countries at different stages of development. The financial crisis and the accompanying food crisis have no permanent influence on the protection of agricultural markets. The attempts to liberalize tariffs in the multilateral and regional dimension are being accompanied by an increase in non-tariff protectionism. This suggests the need to intensify activities towards the liberalization of agricultural trade, both in the WTO as well as within the regional economic groups.
  8. Barriers and Opportunities for International Brands in Oman: between a Traditional Market Souk and a Shopping Mall

    The Sultanate of Oman is an emerging market with a considerably high GDP per capita. Nevertheless the expansion of shopping malls in the Sultanate began only after 2012, giving opportunities for the entrance of many international brands. The paper describes how for many years the entrance of international brands has been hindered by the slow development of retail and the attachment of local people to shopping in traditional souks and small shops. The paper analyses changes in the structure of retail after 1970 and describes the economic, social and cultural reasons behind it. The capital city of Muscat is used for the analysis, being the most important and at the same time a representative center of retail in the country.