World trade growth was rapid in the two decades prior to the global financial crisis but has halved subsequently. There are both structural and cyclical reasons for the slowdown. A deceleration in the rate of trade liberalisation post 2000 was initially obscured by the ongoing expansion of...

The article examines the problems of cyclical economic development in the world economy. The trends in economic development and the degree of economic cycle volatility in the world during the 1970-2010 are analyzed. The phenomenon of the Great Moderation as a period of achieving the long-term...

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments’ precautionary demand for reserve assets is likely to...

This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments' precautionary demand for reserve assets is likely to...

“New world order” (declared by George Bush Senior and the Club of Rome in the end of 20th century) is not a novice concept but is deeply rooted in history. New, however, are the unique circumstances under which it is constructed: wide-range and dynamic liberal globalization, collapse (in...

The multidimensional system analysis of the economic globalization is brought forward. The principles and the methods of this analysis are used to explain the unity of the economic and institutional, i.e. integrational substance of globalization. The economic foundations of the social issues of...

The contemporary globalization is connected with radical and global structural changes in all areas of the social activity and in the world as a whole. Some support the thesis that this is a new stage in the development of the capitalism that has no alternative. The article defends the thesis...

In the period 1997-1999 in Bulgaria is imposed a tendency towards concentration of the capital in the public companies. The mentioned factors and carried out analysis give a reason for conclusion that this tendency is provoked by the insufficient protection of the people’s rights and the...

In this multi-country study, sample countries selected from each segment of development levels areanalysed in terms of demography, urbanization, economic policy, geographical location, natural resources, human capital, income distribution and several other factors. In a former study by the...