This case study makes an attempt to identify the adequate position of tourism within the global development strategy of Macedonia. The paper discusses two, extremely opposite attitudes. The first, argues that necessary preconditions must be established in order tourism to have intensive...

Using survey data on Bulgarian and Macedonian firms that participated in USAID programs providing technical and financial assistance for small and medium-sized enterprises (SMEs) and on firms that did not, we estimate the effectiveness of such assistance in increasing the growth of employment in...

The World Bank has published a series of reports on corporate governance as part of its project on the Reports on the Observance of Standards and Codes (ROSC). The corporate governance principles in its ROSC Reports are benchmarked against the OECD's Principles of Corporate Governance (OECD...

It is a notorious fact that the GDP of the Republic of Macedonia would have noted significantly higher amounts and rates of real growth if the transitional development cycle and the numerous shocks that the national economy had in the past 15-16 years would not have caused big structural...

The aim of this paper is to examine current macroeconomic thought about economic and financial crisis. Since 1960's two schools of thought are pre-dominant in macroeconomics Keynesian and neo-classical. Many authors from neo-classical economists such as Robert Lucas (1976), gave a critique to...

In the last twenty years, many developing countries have undertaken serious reforms of their intellectual property rights (IPR) systems in terms of strengthening of their protection and regulating for more efficient enforcement. This process has been stimulated by numerous multilateral, regional...

The ongoing global economic turmoil is seriously impeding client countries access to capital markets, with relatively little regard for the fundamentals of the countries involved. Growing risk aversion among investors has triggered a flight-to-quality that is affecting all but the safest assets...