This paper deals with the issue of drug trafficking in Tajikistan, which is a serious socioeconomic obstacle to the country´s economic growth. The author analyses the development and the reasons for the current situation since Tajikistan´s independency in 1991, arguing that the unsatisfactory...

The aim of this paper is to describe the current situation of the least developed countries (LDCs). After briefly explaining their historical development, this paper presents the current definition criteria for LDCs as well as their up-to-date list. The position of the LDCs within the...

The economic theory of the last decades deals with how certain models of institutions and incentives could improve the coordination of individual actions in society. Setting rules regulating relationships between economic agents is considered as the key requirement of such coordination....

Paper inquires into historical development of key theoretical concepts related to purchasing power parity in 20th century. It presents theories which explain relation between price level, labor productivity and exchange rate. These theories explain the process of how the long-run equilibrium...