The Problem of Zombification of the Postcommunist Necroeconomy

Among the numerous problems caused by the current global financial crisis, one can single out attacks on the economy by zombie-firms on a global scale. Several recent publications have been devoted to this new sphere of economics, known as âzombie-nomics.â Zombification of the economy creates additional threats for postcommunist states, which for the most part still lag behind Western market economic models. The author's goal is to set out the main reasons why postcommunist countries might suffer more than developed countries from the consequences of zombification of their economies. The author suggests some measures that are essential for the first group of countries, especially during the postcrisis period.