The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. A literature review suggests that after the collapse of the Communist system there was no...

The 'corrections' to the Laffer Curve are based on a factor of time. High importance is the question – in which direction the average aggregate tax is changing: upward or downward, when the Laffer Effect always appears a couple of years later. Alternatives of the Laffer Curve are constructed...

Transitional period in the post-Communist countries is ended. Acceptance to the EU of the majority of countries in Eastern Europe and the Baltics has in essence already been decided. Unfortunately the economic (and not only economic) system of CIS countries is far from European style of...

The hyper-globalization has grown into a turbulent one, and it has turned into a confrontational one. In the context of the COVID-19 pandemic, as well as during the Russian war in Ukraine and economic sanctions against Russia, the problem of economic resilience has manifested itself mostly in...

The reforms in Georgia after the Rose Revolution of November 2003 were referred to be as libertarian at the international level. This opinion was supported by the fact that most of the licenses and permits necessary to start a business were abolished. At the same time, the Government of Georgia...

The article examines two regional railway projects, one of which — Kars-Akhalkalaki-Tbilisi-Baku (KATB) — is already reaching completion and the second — restoration of the Abkhazian Section of the Trans-Caucasian Railway (ASTCR) — is still being discussed at the political level. The...

The article discusses the problems caused by inflation in the developing Asia-Pacific region during the time of the worldwide pandemic and suggests innovative solutions to the problem. The reality is that some of the commodity groups from the consumer basket (e.g., non-seasonal fruits,...

The COVID-19 pandemic and especially the Russian war in Ukraine and the economic sanctions imposed by the West against Russia have significantly affected the economic growth in many countries of the world. Of particular interest is economic growth in the 19 G20 countries (with the exception of...

The issues related to the effects that arose as a result of economic sanctions against Russia due to the start and large-scale deployment of Russia’s war against Ukraine are analyzed in the paper. It is obvious that the scale of these economic sanctions actualizes the issue of studying their...

During the COVID-19 pandemic, there was an impression of the beginning of deglobalization, although in reality it was pseudo deglobalization. It manifested itself in the turbulence of globalization processes. Russia's war in Ukraine and Western economic sanctions against Russia have created a...