In the 20 th century, different types of socialist societies failed - not only because of an evident lack of democracy, but also due to their economic inefficiency. Apart from the historical underdevelopment of Russia and other socialist countries, there could be given three main reasons for...

From the mid 1980s onwards, successive deepening and widening of European integration has led to the emergence of a new European economy. Its mode of operation is increasingly subjected to the dynamics of global and European financial markets. This article addresses the question inasmuch...

In the public discussion, the series of accounting scandals and bankruptcies which has taken place in the last years is primarily attributed to the greed of managers and institutional lacks in securing shareholder's interests. However, this article argues that it is precisely the proliferation...

Today the western view of Russia presents the problem of corruption exclusively as a continuation of the old Soviet order. In this chapter it is argued that the present phenomenon of corruption in Russia systemicly emerged from the privatization of state property and the introduction of market...