Photo: AFP/ Getty images Analysing the benefits of the ‘lowest common denominator’ History shows that economic development, and the subsequent societal modernisation are strong correlates to having both a developed ‘democracy’ and a sustainable ‘rule of law’ and ‘welfare’ state. At the same time, the Bulgarian ‘transition’ can be understood as […]
World Bank
2 posts
The Bulgarian ‘institutional transition’ ended at some point between 2001 and 2007, prior to joining the European Union. The change of ‘institutions’ – in the form of formal society rules – towards both a market economy, and a multi-party parliamentary democracy, was completed. We had, at this point, accomplished the […]