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

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: December 2, 2012

Abstract

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

Papava, Vladimer, The Global Financial Crisis and the Difficulties of Economic Development in the Central Caucasian Countries (December 2, 2012). Banks an Business, No. 2, 2010. Available at SSRN: https://ssrn.com/abstract=2183872 or http://dx.doi.org/10.2139/ssrn.2183872

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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