The spatial aspect of political-economic transformation in the former Soviet Union - including the relations between new independent states and the center-region relations within national borders - has a heavy impact on the quality of institutions comprising the economic order. The paper...

Estonia with its foundations of economic system belongs amongst favorites of liberal economists. Foreign economical openness, stable money through the currency board arrangement exchange rate system, simple tax system with proportional income tax rate, rapid and transparent privatization for...

While the DPRK (North Korea) is on its way ahead to reform the socialist based economic system, since a few years the Republic of Korea (South Korea) is integrating into East Asian economic structures like ASEAN plus 3. In this way a possible reunification of Korea as well as a single...

After the fundamental changes of the early 1990s and before Estonia joined the EU, many neo-liberal economists regarded Estonia as their model student - due to the country's economic principles. Economic growth has been positive from 1995 on (except in 1999) until 2007, and above the EU average....