The Global Financial Crisis and the Difficulties of Economic Development in the Central Caucasian Countries
Banks an Business, No. 2, 2010
5 Pages Posted: 2 Dec 2012
Date Written: December 2, 2012
The Central Caucasian economies suffer from the same basic problems as all the other post-Communist countries with the global financial crisis having created some general threats for all of the post-Communist countries of the world. 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 post-Communist countries owing also to their exposure to the necroeconomy.
Keywords: The Cemtral Caucasus, global financial crisis, necroeconomy, zombieeconomy
JEL Classification: O23, O57, P16, P26
Suggested Citation: Suggested Citation