Photo: bundesfinanzministerium.de How we developed, in comparison to Hungary and Germany There is, without doubt, a need for our society to conclude the Bulgarian “Transition”. An objective view of the socialist and post-socialist periods is required, in order to effectively consider the future strategies for our development. The current article […]
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Photo: imperiya.by Part 2: the liberal economic reforms, the troubled 70s and lessons for contemporary Bulgaria 1965 Economic Reforms In order to address the structural problems of Yugoslavia’s foreign-trade policy, the Belgrade government introduced a major economic reform in 1965, which was a “complete abandonment” of classical Marxist theory (Margold, […]
Photo: imperiya.by Part 1: Yugoslavia between the regional trade blocs (1948-65) The Balkans was a politically and ideologically diverse region during the Cold War. Bulgaria and Romania were parties to the Warsaw Pact, Albania sided with the People’s Republic of China during the Sino-Soviet split, after which the country was […]
Photo: burgascity.com Following the fall of the Berlin Wall, the Eastern Bloc countries undertook a series of radical reforms with the ambition to make the transition from planned to market economy in the most effective manner. The main challenges faced as part of the process, were to achieve macroeconomic stability, to […]