Petőcz Kálmán (szerk.): National Populism and Slovak - Hungarian Relations in Slovakia 2006-2009 (Somorja, 2009)
Zsolt Gál: Argentina on the Danube - Populist Economic Policy as the Biggest Enemy of Sustainable Economic Growth
Zsolt Gál ary revenues through jacking up taxes (Finance Minister Ján Počiatek has already mentioned such an option), which is a rather limited tool that is unlikely to bring the desirable and necessary effect.18 Consequently, the country’s fiscal condition may continue to deteriorate until the imminent threat of government’s insolvency, i.e. the final stage of the populist cycle. The only difference compared to the most recent populist cycle is that Slovakia already managed to adopt the single European currency, i.e. the crisis caused by irresponsible national fiscal policy cannot cause the collapse of euro. But Slovakia still runs the risk of cumulative loss of competitiveness since higher inflation in Slovakia as a direct result of fiscal expansion will not be matched by a parallel growth in labour productivity; in other words, Slovakia is likely to experience problems of southern members of euro-zone that may only be cured by the painful mix of restrictive fiscal policy and thorough structural reforms. So, the Slovaks’ struggle with windmills may continue even though they have euros in their pockets. Reíereinces Bulgaria: the Dual Challenge of Transition and Recession, a World Bank country study, (Washington D.C.: The World Bank, 2001). Caplan, Bryan: The Myth of the Rational Voter: Why Democracies Choose Bad Policies (New Jersey: Princeton University Press, 2007). Celkový dovoz a celkový vývoz podľa kontinentov a ekonomických zoskupení krajín v roku 2008 [Total Imports and Total Exports by Continents and Economic Groupings in 2008], (Bratislava: Štatistický úrad Slovenskej republiky, 2009); available at: http://portal.statistics.sk/showdoc.do?docid=l 1965 Csaba, László: “Az újfajta makroökonómiai populizmus” [‘A New Kind of Macroeconomic Populism’] in Pénzügyi Szemle monthly, Vol. 53, No. 4/2008, pp. 592-607, (Budapest: Állami Számvevőszék, 2008). Dombusch, Rüdiger — Edwards, Sebastian (cds.): The Macroeconomics of Populism in Latin America, a National Bureau of Economic Research conference report, (Chicago: The University of Chicago Press, 1991). Eurostat 2009/a. Statistics, National Accounts, Main Tables (Gross domestic product at market prices - at current prices; Goods and services, imports and exports - at current prices in millions of euro.); available at: http://epp.curostat.ec.europa.cu/ portaI/page/portal/national_accounts/data/main_tables Eurostat 2009/b. Structural Indicators, General Economic Background (Real GDP growth rate - Growth rate of GDP volume - Percentage change on previous year: Public balance — Net borrowing/lending of consolidated general government sector as a percentage of GDP; General government debt — General government consolidated gross debt as a percentage of GDP); available at: http://epp.curostat.cc.curopa.cu/ portal/page/portal/structural_indicators/indicators/economical_contcxt Fábián, Zoltán - Tóth, István György 2008. “Pártpreferencia-csoportok politikai azonosulása és rcdisztribúciós attitűdjei” [Voting Preferences of Principal Groups and Their 214
