So whither reform? (Reflections on an article by J. Stiglitz)

Article Abstract:

This article was written in response to an article by Joseph Stiglitz, a former chief economist for the World Bank, concerning market transformation in the post-Washington Consensus era and criticising practical liberal reforms but not traditional liberalism; issues include the role of the state in market transformation, especially with regards to regulations, 'transparency' in privatization achieved through strict institutional frameworks, reform of financial sectors, the increasing inequality of incomes, and macroeconomic stability to ensure economic growth. The authors believe that microeconomics should be the model on which to build reforms, rather than relying on macroeconomics which do not suit the post-communist Russian situation.

International Monetary Fund, Beliefs, opinions and attitudes, International relations, World Bank, International economic relations, Russian foreign relations, Capitalism, Free trade, Stiglitz, Joseph E.

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Subfedral aspects of globalization

Article Abstract:

Globalization at various levels such as regional, municipality and at the higher business levels is discussed. The neoliberal type of globalization versus the synergetic type is also discussed.

Forecasts, trends, outlooks, Economics, Research and Development in the Social Sciences and Humanities, Forecasts and trends, Market trend/market analysis, Globalization, Economic theory

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Efficient management of Russia's foreign financial assets

Article Abstract:

A study examining the efficiency in management of Russia's foreign financial assets like non-repayment of loans and trade credits is presented.

Foreign trade, Management dynamics, Economic aspects, International trade, Balance of trade, Company business management

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