In 1949, Soviet Union and some of its satellites created Comecon with the announced goal to facilitate economic cooperation between the socialist countries. The inefficiency of socialist systems affected the performances of Comecon members. However, the analysis of economic development from some...

This paper analyzes factors that determine recent economic growth in the low-income countries of the Commonwealth of Independent States.2 The main findings are as follows: (1) productivity gains in export-oriented sectors and expansion of exports may have become the main sources of growth in...

The paper intends to enlighten the challenges of human resources development, faced by post conflict counties that are passing the transition phase from closed to open economies. The study has been developed through an extensive literature survey of Kosovo's organizations to determine the most...

Formal private property rights (“FPPRs”) have been advocated as an important prerequisite to economic development: a legal right to property ownership motivates economic players to engage in economic activities when these activities yield property interests, and this, in turn, contributes to...

The formation of a market economy is a very complex issue due to the transformation and change of the system that has developed over many decades. The problem of an economy in transition is an important issue in the modern reality of many countries and the world economy in general. The renewed...

The main objective of this paper is to apply a simple linear regression analysis to answer the question of whether international country ranking can be reasonably considered as a new autonomous factor of the development of European transitional economies. Do they represent a recipe for faster...

The results of investigation into similarities and differences between problems of enterprise system (ES) implementation in transition and developed economies are presented. In doing so, the research builds on the opinions of ES practitioners from Poland, a transition economy from Central and...

The aim of this paper is to bring together information that the authors' have collected about micro-enterprises (MSMEs) in Romania and to examine their impact on the development of sustainable rural livelihoods. As these firms operate in fixed locations and are therefore more easily located and...