Public well-being is directed to the welfare of all. The state is traditionally the solicitor of this noble good. Its mission is to balance out the different interests of the different social groups. Within this framework, the activities of the different economic actors are of special...

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...

Gangwon province has suffered from low rate of regional economic growth, resulting in exodus of locally well educated young workforce and thus, losing vitality and sense of hope. The situation will aggravate unless one turns the tide upside down. Now it appears that the time has come for the...

Mehr als 20 Jahre nach dem Zusammenbruch des Sozialismus im gesamten Mittelost- und Osteuropa ist es Zeit für eine Zwischenbilanz. Es handelt sich um eine stürmische Periode, die als Übergang zwischen den denkbar gegensätzlichen Wirtschafts- und Gesellschaftsordnungen in Ost und West...

Despite considerable and miscellaneous research in transition economics, some of its aspects have yet to evolve and come up with a more standard theory. After the initial systemic change in two versions of socialist systems - centralist in the former Soviet Union (FSU), and self-management in...

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....

Die augenblickliche Finanzkrise ist nur möglich geworden, weil die amerikanische Notenbank die Kreditzinsen künstlich niedrig gehalten hat und auf diese Weise eine enorme Verlängerung der Bankbilanzen ermöglichte. Diese Verlängerung führte einerseits zu einer starken Verschuldung der...

In the article there are analyzed the electricity market opening issues in the European Union and especially in the Baltic countries. The aim of the article is to find out and specify the main challenges for Baltic countries in electricity market liberalization process. The Baltic countries are...

The new growth engine in the 21stcentury depends on an innovative system to create, distribute and apply knowledge to industrialization processes. The industrial technology has been developed rapidly with the progress of knowledge based information in the last decade. In this point of view a...