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The general sense of economy is careful management of resources such as money and materials, so as not to waste them, but the more familiar reference is to a system of producing, distributing, and consuming goods and services.
The word economy derives from Greek oikonomos, “manager of a household,” from oikos, “house.” The earliest meaning of the adjective economical and the noun economics was also in connection with the management of a household. The earliest mention of a nation’s economy was in Thomas Hobbes’ Leviathan, an important work in the history of political economy.

Economy, European Union, near shoring, outsourcing, Poland, relocating, technology
Relocating in Central European countries : Nearshoring and outsourcing inside the European Union through the example of Poland Analysis & ResearchShort Analysis

Relocating in Central European countries : Nearshoring and outsourcing inside the European Union through the example of Poland

Pawel de la Bassetière, MS. Economy,  review  Outsourcing within the EU has proved to be one of the shifts that has had the largest impacts on the European Union’s economy in recent decades. This took many different forms and evolved with time, but is overall an increasing trend, especially observed…
Pawel Morisson de la Bassetière
2021-12-18
economy, lithuania, latvia, estonia, baltics, imports, exports, baltics, china, international relations,
How China got into Baltics in less than one decade, and may get out even faster Short Analysis

How China got into Baltics in less than one decade, and may get out even faster

by Piotr Nowak, University of Warsaw Introduction Since its inception in 2012, China’s "17 + 1" cooperation platform — an initiative aimed at deepening Beijing’s economic and cultural ties with 17 countries in Central and Eastern Europe — has sparked considerable speculation about China’s motivations and raised concerns about the format’s tangible deliverables. Beijing’s…
Guest Author
2021-11-01

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