Necroeconomics of Post-Soviet Post-Industrialism and the Model of Economic Development of Georgia and Russia
Journal of Business and Economics, Vol. 6, No. 5, pp. 976-983, May 2015, DOI: 10.15341/jbe(2155-7950)/05.06.2015/012
8 Pages Posted: 29 Aug 2015
Date Written: August 27, 2015
In post-Soviet economies, the decrease in the share of industry was not due to the growth of high-quality innovative services but, rather, an immediate decline in industrial production. The reason for this was the phenomenon of “necroeconomy” which combines so-called dead enterprises (because of the inability to produce competitive goods) and is the result of the negation of competition in a command economy. It has been shown that both in Georgia and Russia, essentially identical consumer models of development of poor countries have established.
Keywords: necroeconomics, post-Soviet post-industrialism, consumer models of development, poverty, supply stimulation
JEL Classification: O14, O57, P23, P31, P52
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