The author criticizes the Georgian president for corrupt, populist, and incompetent economic policies and the IMF and World Bank for conniving at these policies for unprofessional reasons.

The article develops the innovation pause hypothesis. According to this hypothesis, the current crisis can be explained by the exhaustion of possibilities of existing general purpose technologies and by the delay of new ones, combined with overoptimistic expectations due to a long period of...

The article outlines the emergence of crises, methods of averting them, and ways for Russia to overcome them. It concludes that the so-called reflexive processes have always been the original cause of global crises, although their role in the economy has not been practically considered.

The article presents an analysis of the results from a 2006 survey of entrepreneurs in Uzbekistan carried out by the Center for Economic Research via standardized interviews. Firms were sampled based on their administrative and territorial classifications. Comparative and correlation analyses of...

This article considers the formation of new "market psychology" in the situation of pyramid globalization and liberalization as a general precondition of the current crisis. The basic elements of this psychology include a shift of U.S. households from savings behavior to credit-dependent...

The article analyzes fundamental reasons for the world economic crisis in the light of global technological shifts. It demonstrates that the cause of crisis is the substitution of technological modes. It shows that sharp fluctuations in stock indexes and prices for energy resources are typical...

The article analyzes the effectiveness of microfinance policies, institutions, and tools for improving living standards and regional development. It focuses on the role and importance of microfinance as an effective measure in regional development and alleviation of rural poverty. It presents a...

The article considers behavior patterns of Russian firms before and during the financial crisis of 2008-9. Three main groups of actors in the Russian economy are defined at the firm level: large politically connected companies; mid-size firms that have grown in the 2000s decade with...

The article presents an economic theory of corporate social responsibility (CSR) and analyzes economic, social, political, and institutional factors that could affect the comparative advantages of CSR over government regulations. A discussion of the Russian CSR model emphasizes the importance of...

The article examines the causes of the origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007-8 to deal with the crisis. It considers the effects of the financial crisis on Russia's economy and monetary policy of the Central Bank...