Due to the interdependence of the contemporary world economy, the great American crisis of 2008-10 rapidly has become the global crisis. However, it is not just another, only larger than before crisis reflected in the short lasting recession and serious redistribution of income and wealth. It is...

One of the most often committed mistakes in economic reasoning is the supposition about continuity of economic processes. Yet what dominates in reality is the process of permanent changes which sometimes happen not in a linear but in a cascade way. It must be acknowledged that the capitalist...

The paper discusses options and chances for sustained and equitable growth in emerging market economies, including the post-communist countries in transition. While eight of them already are joining the European Union in 2004, more than other twenty are struggling to restructure and build...

The globalization of economic relationships and the systemic transformation in postsocialist countries are two interlacing processes and a mark of the turn of the century. Globalization, that is, the institutional and real integration of national and regional markets into a single worldwide...

The paper discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 countries have become rich and still more than 80 percent of the world population is lagging behind. In many cases a lot indeed. It is true not only for...

This is the time of great change. The way we manage the business, the way we lead the policies, the way we trade and invest, the way we exchange information and culture, the way we interact with each other is going through a process of dynamic and vast change. Such change has a paramount...

Globalization is one of the buzzwords, continuously used and often abused; most often without making an intellectual effort to define this notion. Then I am asked whether I am for or against globalization, I always try to find out what the inquirer means. It is difficult to answer this question,...

Chapter 1. Introduction -- Chapter 2. New pragmatism for new times -- Chapter 3. Political system and socio-economic development -- Chapter 4. People’s planet -- Chapter 5. Leadership: economics and politics of great change -- Chapter 6. One-third of the century of transformation -- Chapter 7....