Open AccessCentral and Eastern European Countries before and after the 2008 Financial Crisis: Economic Overview and Transportation Companies
Author(s) -
Lembo Tanning,
Toivo Tanning
Publication year - 2014
Publication title -
journal of business theory and practice
Language(s) - English
Resource type - Journals
eISSN - 2372-9759
pISSN - 2329-2644
DOI - 10.22158/jbtp.v2n2p221
Subject(s) - european union , productivity , financial crisis , member states , economics , economic policy , economic growth , macroeconomics
One of the main aims of the European Union (EU) is the European competitiveness. To achieve this goal, it is important to study the lessons of the economic crisis. This in turn allows the development of measures.The aim of this article is to analyse the economic crisis lessons of the transportation and storage enterprises of Poland and other new EU Member States from Central and Eastern Europe (CEE-8), and to compare them on the EU level.The purpose is to analyse the labour productivity before and after the economic crisis by gross value added per person employed and employee and turnover per person employed.We will look at how the economic crisis has affected the labour productivity of transportation companies and analyze the changes in the companies.In the background, we look at the countries’ economic (GDP) development and quality of life.What are the lessons learned from the economic crisis?The literature review shows the crisis theory.We present for discussion the objective and subjective factors of the economic crisis of the companies.Based on this and previous publications, we will offer a number of generalized suggestions.