The influence of debt on macroeconomic stability and the ability to restart growth has been a constant concern since the Second World War period. In recent decades, public debt has increased considerably in most countries. Upward trend of public debt was accompanied by an increase in public...

The electoral instability falls into the continuous shifts in paradigms, systems, values and economic performance which countries around the world still experience. We believe it is common sense that the election process in a democratic country has an important impact (even a manipulation...

The beginning of the 90’s transitional period generated a significant increase of loans, in Eastern, South Eastern and Central Europe. The challenges that period brought were successfully overcome by the countries with flexible economies. Lately, the uncontrolled evolution of the credits...

The countries in transition need FDI not just to produce more goods and a higher quality. Foreign capital investments are the most efficient and safe way to integrate into the world economy. Further, we shall examine some structural changes, which had been made, under the influence of FDI, in...

This paper aims to synthesize the debates concerning the development of the financial systems and the direct foreign investments in promoting the economic growth. The present work wants establish a connection between the development of the financial systems and the economic growth. Recent...

Cyclical evolution represents a reality of any contemporary economy. In the same time, each phase of a cycle is a characteristic of a particular state of economy, performs a specific function in its overall evolution, so that, by restructuring components, the whole economy is reformed. In the...

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...