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International educational mobility is considered as a type of international movement that occurred as a result of globalization processes. The numbers of young people crossing the national borders for higher education continue to increase. Recent years have witnessed change in those countries which have traditionally been the main senders of overseas students. South Korea as one of the main student senders from East Asia demonstrates a geographical shift of student mobility. The article covers the top-destination ...

This article deals with the modern mechanisms of the non-profit organizations funding and its legal regulation. The matter is that today such organizations play a growing role in building civil society, social dialogue and participatory democracy. But they may be effective if only they are effective in fundraising. NGOs rely on money from a variety of sources, including donations, loans, sponsorships, incomes from entrepreneurial activity and public subsidies. It seems that there are many sources of funding, but f...

According to § 48 of Civil Code (Act No. 40/1964 Coll.), as effective in the Slovak Republic, contractual party may withdraw from contract if such withdrawal is granted by the law or if the contractual parties have so agreed. Accordingly, there are two rights, the statutory right and the contractual right to withdraw from contract. Both rights can be exercised in diverse situations; as a rule, however, they are exercisable as a result of a breach of contract. The remaining question is, specifically, by what time c...

The progressive process of erosion of the European institutional structure, which took place starting from the economic crisis up to the crisis resulting from Brexit, requires careful reflection on the process of European integration, in its historical, political and social conditions. The research work conducted by the jurist Joseph Weiler, allows to draw a clear appearance of constitutive aspects of the European Community. Adopting an interdisciplinary approach, which includes law, economic, political, social an...

The paper investigates a sample of 25 European systemically important banks, in terms of performance in fulfilling their financial intermediation function. Performance has been measured by relying on a Malmquist productivity index with panel data, to account for productivity changes over time and to decompose the main sources of changes into the catch-up effect and technological progress. As the database covered the 2007-2016 timeframe, we were able to investigate if the impact of the financial crisis appears in t...

The advent of neoliberal capitalism at the beginning of the 1980s led to the rise and media promotion of celebrity philanthropy. Groundbreaking events in the media affirmed celebrity philanthropy, for example Bob Geldof's organisation of the Live Aid concert in 1985 with the aim of collecting aid for the hungry in Africa. Geldof's example was an inspiration for other celebrities such as the musician Bono Vox, the actress Angelina Jolie to engage in philanthropic activities. In the analysis of their philanthropic a...

Teachers as a massive professional social group providing services in the public interest are the subject of educational policies at both European and national levels. These educational policies show a high level of diversity and identify optimal systemic intervention tools to support the professional development of teachers. Educational policies in Slovakia show specific approaches toward teachers arising from school-historical, political and vocational origins. Analysis of these aspects and their impact on the c...

In countries with developed market economies, forms of financial support for small and medium-sized businesses have been developing for decades and represent a large set of programs that include activities to assist small and medium-sized businesses throughout their life. Currently, there is a need for in-depth study of the financial support system for small and medium-sized businesses, methods of supporting small and medium-sized businesses, and evaluating the effectiveness of financial events held by the state. ...

The paper aims to examine topical issues on the current status and development prospects of the monetary economy of Russia. Developing economy of Russia plays a special role in contemporary world. Financial market is of particular importance for the development of the Russian economy. It has constantly improved, actively developing. Experts believe that in the near future Russian financial and credit institutions will influence more the world economy and stock markets growth. In this regard, of particular interest...

For many years, Germany has been distinguished by a large surplus on the current account which has now reached almost 8% of the country's GDP. Since 2016, this surplus is the largest in the world and contributes to longstanding global trade and investment asymmetries as well as serious macroeconomic imbalances within the euro area. The main purpose of this study is to analyse the state of Germany's current account in 2000-2017 in order to identify and systemize the most important factors affecting the current acco...

The exception to contractual non-performance is perceived in the doctrine as a defense or remedy available to a contracting party which, by simply invoking this exception, may block the claim brought by the other party (which has not executed its own obligations), in order to oblige the party that invokes the exception to perform its own contractual obligations. With respect to third parties, the exception to non-performance may be invoked against them, where the claim results from the contract (when the third par...

Insurance means protection against different kinds of risks with financial consequences. In frame of this protection, the insured transfers its risks, the possible negative consequences of which are unbearable to the insurer, i.e. to an insurance company. In order to compensate the insurer for such consequences, the insurance company collects the premium for the transfer of risk, the amount of which depends on the size of conventional damages, having a random character. The balance between premium written and prem...

Background: Although forthcoming EU Geo-blocking Regulation should minimise the problem of customers discrimination in online cross-border trade, it will not resolve all obstacles experienced by consumers during shopping online abroad, including payment-related ones, that are leading to the dissatisfaction of consumers, being experienced typically late during the shopping process, after some effort and time. Paper goal is to investigate the occurrences of payment-related obstacles in domestic and cross-border B2C ...

The tax policy has now become tougher, risks have risen in the use of tax schemes based on abuse of law. Tax authorities and courts are fighting against abuses and illegal schemes in the tax sphere. Taxpayers come up with new methods of tax planning. Russian legislation is gradually beginning to formulate legal norms in the field of tax planning, its principles and criteria. Tax planning and optimization of taxation are not properly regulated at the legislative level, despite the fact that in the science of financ...

Intergenerational learning is based on the interaction between participants belonging to different generations and mutually beneficial learning while learning goals are stated for respective generations. Intergenerational learning in families living in socially and economically disadvantaged environments emerges as an opportunity for adult learning in a life-long learning prospect. The paper presents the results of a qualitative research exploring how intergenerational learning develops personal attributes in adul...

The article defines the necessity of forming complex production groups and technologically connected chains incorporating different business entities in order to achieve concrete economic results within one administrative territory. The authors propose a hypothesis of positive influence of cluster structures on the economy of the region. In order to assess the economic sustainability of the region and an evaluation system itself which is aimed at identifying priority cluster structures the authors conducted an ana...

At different historical stages education played various roles in society. If initially it was understood as a way of transferring knowledge from one generation to another, then eventually its functions became more complicated. For a few centuries education was closely connected with economic factors, that is it was focused on economic needs of the states of Modern times. The 20th century with all evidence has shown a qualitatively new function of education – political. Certainly, the economic component continues t...

This article defines the specificity of the concept of «food security in the region». The authors have analyzed the adequacy of the existing regulatory and legal provision of food security at the national and subnational levels. Based on the analysis were made conclusions about the absence of an unified system of criteria and indicators for assessing the level of food security. The necessity to develop an evaluation system is determined by the needs of managing food security at the regional level. The authors exam...