SAILING IN MARKET WATERS REQUIRES A SOLID SET OF MODERN KNOWLEDGE

Chavdar Nikolov
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Chavdar Nikolov: South-west university "Neofit Rilski"

Economics and Management, 2011, vol. 7, issue 1, 16-20

Abstract: In the text of the present paper the world economy has been compared to the surface of the planet Earth. Thus, alike the planet which has some 71% of its total surface covered by waters:oceans, lakes and rivers, and some 29% of dry land, it has been accepted that these two shares of the Earth’s surface (the water areas and the dry land) correspond to market and to state regulation and state intervention (i.e. to the overall stabilizing role of the state). People prefer to live in the comfort of the dry lands with their security and safety, but they could not survive without water as well. It is not by chance that in the science of geopolitics it is stressed on the fact that mainly the so-called “sea nations” appear to be also “trade nations”, and these very same nations are the true boosters, the true engines of progress. In these very same nations history really happens and there is and real advancement of civilizations. Sea is a window to discovery, re-discovery and utilization of new worlds and it connects the continents. The costal areas, the costal strips, seen from the inland, may look like as a boundary, however this is illusionary. Seen from the sea, the costal areas are the entrance for the heartland, which in economic point of view is their most important role.

Keywords: free market; state regulation; state intervention (search for similar items in EconPapers)
Date: 2011
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