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

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: November 27, 2012

Abstract

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

Papava, Vladimer, Post-Communist Capitalism and Financial Crisis, or the Mixing of the Necroeconomics and the Zombie-Nomics (November 27, 2012). Georgian International Journal of Science and Technology, Vol. 2, No. 1, pp. 37-55, 2010 . Available at SSRN: https://ssrn.com/abstract=2181288

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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