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Economy, Business and Management

Author

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  • Garabed Minassian

Abstract

Three distinct periods can be outlined in Bulgaria’s most recent history: (1) 1990-1997; (2) 1997-2008 ; (3) after 2008. The particularities of these periods show up in the structures of the balance of payments too. The changes have become especially sensitive over the last period. There has been a reorientation in both domestic and external cross border capital flows. As a result the country’s economic problems have acquired substantially different dimensions. The study makes an attempt to find out the special features of these dimensions and reveal their nature and driving forces. The main conclusion is that the emerging and current economic problems are to a great degree the outcome of wrong domestic macroeconomic policies. Some suggestions how to overcome the present economic failures have been made.

Suggested Citation

  • Garabed Minassian, 2012. "Economy, Business and Management," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-26,27-48.
    • Handle: RePEc:bas:econth:y:2012:i:1:p:3-26,27-48
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    Cited by:

    1. Tatiana HOUBENOVA-DELISIVKOVA, 2017. "Financing regional development and competitiveness: problems and challenges at macro and micro level in Bulgaria," Romanian Journal of Economics, Institute of National Economy, vol. 44(1(53)), pages 45-77, June.

    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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