During its independence, post-Communist Georgia has not been able to create an economic system that would serve as the basis for its sustainable economic development. Neither have the reforms conducted after the "Rose Revolution" met the expectations. A consumer economy, typical for poor...

This study examines the repercussions of the 1979 Sandinista revolution on Nicaragua's economic growth trajectory. Drawing on the synthetic control method, it constructs an artificial counterpart to Nicaragua with the primary objective of estimating the counterfactual gross domestic product...

In the months and years ahead, it is plausible, perhaps even likely, that the issue of renewed Western economic assistance for the DPRK, or North Korea, will return once again to policymakers‘ agendas. We should therefore ask: Could major inflows of Western aid lead to an economic...

In the last decade of XX century, has expanded the area of capital movements, which included the former socialist countries. Thus, the countries that are attracting some of the centers of the capital and at the same time, participate in the export of capital, it is impossible not to have engaged...

Since the collapse of the Soviet Union, clandestine Russian-Georgian business clans have plagued the Georgian economy. The extent of these deeply entrenched business groups, directly connected with the political elite in the post-Soviet Georgia, have largely contributed to the generational...