The European Commission has announced its proposal for a recovery plan with a total budget of 750 billion euros, called Next Generation EU. It is based on the new Instrument for Recovery and Sustainability, with a proposed resource of EUR 560 billion.
The liberal order is still a relatively young system by and large. Over millennia before the industrial revolution and the ascendancy of liberal ideas did tribalism of some sort or the other prevail. The legacy of liberal order is undeniably impressive.
One of the problems with the economic progress in the transition countries from socialism to market economy is the state of property rights. You can improve business environment, trade, or monetary systems but never progress if the property (rights) is not protected well.
Jacob Rees-Mogg, the Chairman of the European Research Group on the House of Commons, claimed that this treaty would make the UK a vassal state. It is difficult to not agree with him. The last treaties that gave jurisdiction to foreign courts were the aforementioned 19th-century treaties with China.
This paper aims to explore the history, structure, and economic consequences of the currency board in Bulgaria, which was introduced as an emergency measure to combat the late-nineties economic crisis, though has stayed in place ever since.
Measured with the Economic Freedom of the World ratings framework, Slovenia’s situation in 2015 was inferior, relative to 1995, in several areas. Notably, regarding government consumption, private sector credit, the legal system, and property rights.
The hatred towards the “other” constitutes a leading political platform of one of the two ruling Bulgarian parties – United Patriots. On the other hand, populism is finding gaps in the economic policy through statements on the fight against monopolies and a number of legal actions to curb business.