Economic Archive

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  The Global Effects of Internal and External Devaluation on Export Potential

  The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and ... The objective of this research is to assess devaluation (both internal and external) as a significant factor affecting national competitiveness by applying comparative analysis tools. The research paper consists of two major parts: the first one presents a systematization of macro-financial effects through international comparative analysis and provides arguments regarding the consequences arising from the implementation of external and internal devaluation policies; the second part examines the dynamics of export as an indicator of post-crisis recovery, which is especially important for countries with open economies upon which external and internal devaluation may have tremendous effects. The conclusion reached as a result of the research states that attitudes unconditionally favouring the devaluation of a national currency as a major tool to support export seem unjustified and should therefore be approached by taking into account potential risks and negative effects.

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  Concepts for Material Requirements Planning in the Company

  This article makes a systematic review of modern concepts of the management of material requirements for the company. There is also a consistent debate over the essence and specific technologies for planning the material requirements of the company. Special attention is paid to technology for determining the quantities of firm orders, which ... This article makes a systematic review of modern concepts of the management of material requirements for the company. There is also a consistent debate over the essence and specific technologies for planning the material requirements of the company. Special attention is paid to technology for determining the quantities of firm orders, which determine the quantities to buy in the company concerning the characteristics of the concept of buffer stock. A conclusion has been reached that, when planning the company's material requirements, the concept of buffer stock is easily applicable because planned orders can be defined simply by buffer stock being deducted from the initial balance of stocks available. On the other hand, a buffer period of delivery is somewhat more difficult to apply, because it cannot be obtained by artificially increasing the main period of delivery using some value of security.

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  Cities as Attractive Tourist Destinations

  Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation ... Research into major urban centres as tourist destinations may be conducted from various perspectives. Analysis is essential since they bear a number of important characteristics which add to their appeal and influence choice as being possible tourist destinations. Related arguments are presented in the first part of the paper where the formulation of the research is also made. The second part of the paper defines the concept of ‘city tourism destination’ and the elements of its contents. These elements are crucial for designing conceptual and practical models to improve the power of city tourism destinations. Part three and part four of the research paper provide a brief description and apply a methodology based on the Global Power City Index in analysing the ranking of the world top ten city tourism destinations in 2014.