The Post Crisis Economy of Bulgaria

Ivan Angelov

Economic Thought journal, 2010, issue 2, 24-50

Abstract: The paper outlines the most important features of the post crisis Bulgarian economy. Recommendations are made on the economic policy as well as some projections for the following 15-20 years on: necessity of sustainable growth; growth of GDP and employment; modern human and intellectual capital; mitigation of the demographic crisis; modern production, consumer and export patterns; rational correlation between financial and real sector; active regional policy; total modernization of technologies; upgrading the quality of foreign direct investments; new sources of energy and reducing the energy intensity of the economy; development of ecology friendly agriculture; expansion of international tourism; development of modern infrastructure; promotion of integration into the European Common Market; setting up of European companies; increasing role of foreign trade; upgrading the competitiveness of the economy; applying flexible macroeconomic policies; strengthening the social orientation of the economic policy; revival of the modern Keynesian economic policy; promotion of the principle “market and state”; necessity of catching up economic development.

JEL-codes: O1 O2 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2010:i:2:p:24-50

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