The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index held steady in May. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of over 2.5 percent (annualized) in the 2nd quarter of 1999. The leading indicators point to a continuation of the expansion through the remainder of 1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in April. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to activity continuing to rise at the start of the 2nd quarter of 1999, but at a pace that is much more modest than the 4.1 percent (annualized) rise in GDP in the 1st quarter. The leading indicators point to a continuation of the expansion through at least the 4th quarter of 1999. Evidence of cyclical imbalances from the lagging indicators—that might threaten the stability of the economy—is neither consistent nor convincing.
The leading index increased 0.1 percent, and both the coincident and lagging indexes increased 0.2 percent in March. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators show aggregate economic activity growing at about a 3.25 percent annualized pace in the 1st quarter of 1999 (compared to a 4.5 percent increase in the advance estimate of GDP). The leading indicators point to a continuation of the expansion for at least six more months. Cyclical imbalances and related conditions are unlikely to jeopardize the economy's stability.
The leading index increased 0.2 percent, the coincident index increased 0.3 percent, and the lagging index increased 0.2 percent in February. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of about 3 percent (annualized) in the 1st quarter of 1999. The leading indicators show odds are high that the expansion will continue through at least late-1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
The leading index increased 0.5 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in January. Taken together, the three composite indexes and their components show generally healthy conditions: The coincident indicators show that, although industrial production fell slightly, the first quarter of 1999 started on a positive note. The leading indicators are almost unanimous in predicting continued growth through at least the middle of the year. Signs of cyclical imbalances and other factors that might jeopardize the economy's stability remain relatively subdued.
The political, economic and social situation in Chechnya is a matter of concern for all the analysts of the current environment in the North Caucasus. Every day brings about new developments in Chechnya, which can hardly be characterised as encouraging. The more recent events, which culminated with the intervention in Chechnya and the siege of Grozny by the Russian Federal troops in November – December 1999, have raised even more questions about the future of the Caucasus.
This country study consists of three parts. First some introductory observations aiming at placing the Northern dimension concept in a broader context. Secondly, a description of the Danish participation in Baltic sea- activities and programs. Thirdly, an overview of the official Danish position.
Topic:
Security, Foreign Policy, and International Cooperation
In 1969, 30 years ago, a large portion of the earth's population had to revise their conception of the world. Pictures of Earth as seen from the moon taken by American astronauts made a considerable impression. The pictures portrayed a very beautiful planet - shining, inviting, sunny, fertile, full of life and beauty. This was Spaceship Earth, a spaceship apparently characterised more by nature than by culture. The spaceship Earth appears hospitable and yet vulnerable. It faces space, communicating. It is a spaceship the population of which lives on the outside in stead of within.
Topic:
International Relations, Security, Foreign Policy, and International Cooperation
The European Union in the 1990s is a contested, open-ended polity. It regulates almost as many policy-issues as nation-states and has been accepted by politicians, interest groups and many parts of the public as an appropriate framework for policy-making. Despite the increasing importance of the EU there is however no consensus about what the EU actually is, yet alone where it is heading. The ever-expanding agenda of integration in the 1990s has also led to considerable public scepticism towards the EU-project. Indeed, legitimacy crisis and democratic deficit have become the codewords in the literature and practice of European integration in the 1990s.
Since the difficulties of ratifying the Maastricht Treaty legitimacy has topped the EU's agenda. Departing from the dominating trend in the literature that the EU's legitimacy problems are largely due to the EU's inability to develop a common identity, which can compete or even replace national identities, this article shifts the focus to compatibility. The core legitimacy test is whether the EU and its member states – as a multidimensional governance system, in which nation states persist alongside supranational institutions – can develop identities, which are compatible. Based on this approach the article analyses the ratification debate on the Treaty of Amsterdam in one Member State, namely Denmark. Its core conclusion is that it is indeed important to abandon the traditional conceptualisation of EU legitimacy. As the Danish case shows legitimacy can be enhanced if member states are able to (re)construe the EU as being compatible with national identity.