The Economic Development Complex in the Black Sea Area: The Impact of the Global Financial and Economic Crisis

Xenophon Working Paper No. 9

96 Pages Posted: 27 Nov 2012

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: May 2010

Abstract

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 and Turkey, are post-Communist countries. The purpose of this paper is to highlight the economic development difficulties of the post-Communist Black Sea Region and to examine the key economic problems of all the countries encompassing it in the context of the ongoing financial crisis.

Keywords: economic development, global financial and economic crisis, Black Sea area, post-communist economies, necroeconomy, zombie-economy

JEL Classification: O23, O52, P16, P26

Suggested Citation

Papava, Vladimer, The Economic Development Complex in the Black Sea Area: The Impact of the Global Financial and Economic Crisis (May 2010). Xenophon Working Paper No. 9. Available at SSRN: https://ssrn.com/abstract=2181231 or http://dx.doi.org/10.2139/ssrn.2181231

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

1, Ilia Tchavtchavadze avenue
Tbilisi, Tbilisi 0179
Georgia
+995 32 222-0241 (Phone)
+995 32 222-5107 (Fax)

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