Post-Communist Capitalism and Financial Crisis, or the Mixing of the Necroeconomics and the Zombie-Nomics
Georgian International Journal of Science and Technology, Vol. 2, No. 1, pp. 37-55, 2010
19 Pages Posted: 27 Nov 2012
Date Written: November 27, 2012
After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully' function in the most developed of economies. Unlike developed economies, which are exposed to the threat of the zombie-ing of the economy under the conditions of a financial crisis, this threat is even greater for the countries of post-Communist capitalism owing also to their exposure to necroeconomy.
Keywords: post-communist capitalism, financial crisis, necroconomics, zombie-nomics
JEL Classification: O10, O23, O57, P16, P26
Suggested Citation: Suggested Citation