The Central Caucasian economies suffer from the same basic problems as all the other post-Communist countries with the global financial crisis having created some general threats for all of the post-Communist countries of the world. Unlike developed economies, which are exposed to the threat of...

The market, as the economic foundation of capitalism, is often recognized as the basis of inequality. In fact the free market model implicitly posits complete equality of opportunity for the agents participating in it. In order to minimize inequalities due to externalities, the government...

After the collapse of the Communist regimes and their command economies, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. There was no way that they could have existed in an economy of this type that is nothing more...

After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully'...

Currently, the Black Sea Region1 is not as integrated economically as to allow one to outline some common development trends of all regional economies. The most of the region's nations (Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Moldova, Romania, Russia, Serbia, and Ukraine), except Greece...

Discussions on how to organize European labour markets are one of the key public policy issues of today. In European policy debates, the most important concepts seem to be ‘flexicurity' and the ‘transitional labour market.' In this report we examine the cross-country variation in the...

Are migratory patterns from Central America to Mexico based on the US economy? The question is addressed in the context of correlation which will depict, as the US economy increases or decreases so will the migratory patterns. This is done by comparing several key aspects. First by analyzing the...

The financial collapse of 2007 witnessed free fall of “debt-financed euphoria” caused by complex set of regulations and policies, enacted to direct modern capitalism. The action and policies of regulatory institutions facilitated financial institutions to indulge in risky lending and thus,...