World in Conflict and Economies in Transition

The economics, politics, history, cultures, and societies of countries and regions in conflict and transition

By: Dr. Sam Vaknin

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This is a series of articles written and published between 1996 and the present in leading newspapers in Macedonia, Russia, Ukraine, Egypt, the Czech Republic, in "Central Europe Review", by United Press International (UPI), and in other Web zines and periodicals throughout Central and Eastern Europe (CEE) and the Balkans (Southeastern Europe).

The articles deal with the history, geopolitics, societies, cultures, and economies of developing countries and

post-Communist countries in transition.


Table of Contents

(Scroll Down or Click on the Blue Text to Review Each Topic)


Macroeconomics, Microeconomics

Topic: Issues in Microeconomics

Topic: The Public Sector

Topic: Banking and Finance

Topic: Issues in Macroeconomics

Topic: Capitalistic Musings

International Affairs

Topic: Central and Eastern Europe

Elsewhere in a Troubled World

Topic: The Balkan Cycle - Politics and Economies

Topic: The Republic of Macedonia

Current Affairs Briefs


Topic: Issues in Microeconomics

Employment and Unemployment

Voucher Communities

The Labour Divide - I. Employment and Unemployment

The Labour Divide - II. Migration and Brain Drain

The Labour Divide - III. Entrepreneurship and Workaholism

The Labour Divide - IV. The Unions after Communism

The Labour Divide - V. Employee Benefits and Ownership

The Labour Divide - VI. The Future of Work

Immigrants and the Fallacy of Labour Scarcity

Industrial Action and Competition Laws

The Good, the Bad and the Ugly:
Employees and Management Ownership of Firms

Make Your Workers Your Partners

Battling Society's Cancer: Unemployment

Growing Out of Unemployment

Meritocracy and Brain Drain

The Professions of the Future

Workaholism, Leisure and Pleasure

The Demise of the Work Ethic

The Morality of Child Labor

Business and Management

Small Businesses - Big Obstacles

Going Bankrupt in the World

Make Your Workers Your Partners

Liquidity or Liquidation

The Inferno of the Financial Director

Decision Support Systems

Securities

Models of Stock Valuation

The Due Diligence Process

Financial Investor, Strategic Investor

The Myth of the Earnings Yield

The Friendly Trend - Technical vs. Fundamental Analysis

The Roller Coaster Market - On Volatility and Risk

The Bursting Asset Bubbles

Seven Concepts in Derivatives

The Future of the SEC - Interview with Gary Goodenow

Portfolio Management Theory and Technical Analysis Lecture Notes

Emerging and Transition Economies

The Internet in the Countries in Transition

Trading from a Suitcase - The Case of Shuttle Trade

The Blessings of the Black Economy

Mortgage Backed Construction

Foreign Direct Investment (FDI) - Pros and Cons

Sectors and Industries

Articles about e-Commerce, e-Publishing, and Digital Content

The Internet - A Medium or a Message?

The Ecology of Environmentalism

Environmentalism and Post-modernism as Ideas of Progress

The Dying Breed - East European Healthcare

Entertaining the Masses in Transition

Electricity Markets in Eastern Europe

Europe's Agricultural Revolution

Winning the European CAP

The Skoda Model

Leapfrogging to Cellular

Steeling a March on Europe

Europe's Theme Parks

Games People Play

Private Armies

Healing the East

The Eastern League

OPEC's Swan Song?


Topic: The Public Sector

The Sickly State of Public Hospitals

The Public Sector - An Uncertain Future

The Public Sector in Economies in Transition

Public Procurement and Very Private Benefits

Is Education a Public Good?

The Demise of the Dinosaur PTTs

Financing Transport Infrastructure

Privatizing with Golden Shares

The Wages of Science


Topic: Banking and Finance

Scandals, Crime, Corruption, and Crises

The Greatest Savings Crisis in History

The Typology of Financial Scandals: Ponzi and Pyramid Schemes

The Bursting Asset Bubbles

(Case Studies: The Savings and Loans Crisis, Crash of 1929, British Real Estate)

The Shadowy World of International Finance

Hawala, or the Bank that Never Was

Money Laundering in a Changed World

The Varieties of Corruption

Corruption and Transparency

Straf - Corruption in CEE

The Criminality of Transition

The Kleptocracies of the East

The Enrons of the East

Bully at Work - Interview with Tim Field

The Economics of Conspiracy Theories

The Industrious Spies

The Business of Torture

Fimaco Wouldn't Die - Russia's Missing Billions

Treasure Island Revisited - Maritime Piracy

Organ Trafficking in Eastern Europe

Human Trafficking in Eastern Europe

Nigerian Scams - Begging Your Trust in Africa

Slush Funds

Banking

Bankers' Banks - The Role of Central Banks in Banking Crises

Danger - Banks Ahead!

Is Our Money Safe?

The European Bank for Retardation of Development

Hawala, or the Bank that Never Was

Austrian Banking - An Interview with Wolfgang Christl

Bankers in Denial

Finance and Accounting

Hedging Foreign Exchange Risks

Make Your Workers your Partners

Models of Stock Valuation

Alice in Credit Card Land

The Business of Risk

The Crisis of the Bookkeepers - An Interview with David Jones


Topic: Issues in Macroeconomics

Microeconomics and Macroeconomics Lecture Notes

Development and Growth

Infrastructure and Prosperity

Governments and Growth

New Paradigms, Old Cycles

Taxation

To Tax, or Not to Tax - This is the Question

The Ifs and VATs of Taxation

Monetary Policy

How do Other Countries Devalue their Currencies?

Should 1 DM be 40 Denars?

Fiscal Policy

The Delicate Art of Balancing the Budget

Economic Management in a State of War

Market Regulation

Competition Laws

The Benefits of Oligopolies

Foreign Investments and Trade

The Exporter's Pocketbook

Foreign Direct Investment (FDI) - Pros and Cons

Foreign Investments - A Dialogue with the Prime Minister of Macedonia

Eastward, Ho - FDI in Central and Eastern Europe

Nation Branding, Place Marketing, and Investment Promotion

Trade Imbalances and the Health of the Economy - A Dialogue with the Prime Minister of Macedonia

Export Processing Zones

God's Diplomacy - International Trade

God's Diplomacy and Human Conflicts

The Demonetization of the East

O'Neill's Free Dinner - America's Current Account Deficit

Trading from a Suitcase - The Case of Shuttle Trade

The Agenda of International Trade - Interview with Dan Horovitz

The Gulf between Baghdad and Doha


Topic: Capitalistic Musings

Economics

The Dismal Mind - Economics as a Pretension to Science

Economics - The Neglected Branch of Psychology

The Economics of Expectations

Immortality and Mortality in the Economic Sciences

The Misconception of Scarcity

The Merits of Inflation

Anarchy as an Organizing Principle

In Retrospect

1997 in Perspective

Winners of the 1997 and 2008 Nobel Prize in Economic Sciences

1998 - The End of Globalization

On the Way to a Global Economic Calamity

The Future of Oil

International Monetary Fund (IMF)

IMF: Kill or Cure?

The Bankrupt Sovereign

The IMF Deconstructed - A Dialogue

The Washington Consensus - I. The IMF

The Washington Consensus - II. Washington and Sarajevo

Property Rights

The Revolt of the Poor: Intellectual Property Rights

Contracting for Transition

The Case of the Compressed Image

Market Forces

The Fabric of Economic Trust

The Distributive Justice of the Market

Scavenger Economies and Predator Economies

Notes on the Economics of Game Theory

Knowledge and Power

The Disruptive Engine - Innovation and the Capitalist Dream

The Spectrum of Auctions

Market Participants (Players)

Market Impeders and Market Inefficiencies

The Redistributive Mechanism of Divorce

The Criminality of Transition

Dividing the Loot

The Turtle Syndrome

The Predicament of the Newly Rich

Moral Hazard the Survival Value of Risk

Differential Pricing

Governments and Growth

The Principal-Agent Conundrum

The Green-Eyed Capitalist

Narcissism in the Boardroom

Economies in Transition

The Solow Paradox

Financial Crises, Global Capital Flows and IFIs

Forward to the Past - Capitalism in Post-Communist Europe

Leapfrogging Transition - Technology and Post Communism

Leapfrogging to Cellular

Contracting for Transition

Equity and Debt

The Myth of the Earnings Yield

The Principal-Agent Conundrum

Trading in Sovereign Promises


Topic: Central and Eastern Europe

Current Affairs Briefs

Herzl's Butlers

Transition and EU Enlargement

Lessons in Transition

Is Transition Possible?

Inside, Outside - The Diaspora and the State

The Magla Vocables

The Elders of Zion

The Rip van Winkle Institutions

The Author of This Article is a Racist

Rasputin in Transition

The Books of the Damned

The PCM Trail

The Expat Experts

To Give with Grace

The Titanic Waltz

The Eureka Connection

Women in Transition:
From Post Feminism to Past Femininity

The Pettifogger Procurators

Axes to Grind - The Taxonomy of Political Conflict

The Solow Paradox

Financial Crises, Global Capital Flows and IFIs

Forward to the Past - Capitalism in Post-Communist Europe

Leapfrogging Transition - Technology and Post Communism

Contracting for Transition

The Mendicant Journalists

Entertaining the Masses in Transition

Left and Right in a Divided Europe

Europe's Four Speeds

Wanted: An East European Ataturk

Europe's Agricultural Revolution

How the West Lost the East

Women in Transition

Switching Empires

Eastern Advantages

The Kleptocracies of the East

Transition in Context

Western Migration to East Europe

Russia

Russia: Russian Roulette

Lucky Russia

Foreigners and the New Russian Economy

The Janus Look

The False Maps of Maskirovka

The Tragedy of Errors (Book Review)

The Betrayal of History (Book Review)

Russia's Second Empire

Russian Roulette - The Security Apparatus

Russian Roulette - The Energy Sector

Russian Roulette - The Financial Sector

Russian Roulette - The Russian Devolution

Russian Roulette - Russian Agriculture

Russia as a Creditor

Pinks in Space - The Space Industry

Russia's Vodka Wars

Lukoil's Changing Fortunes

Russia's British Turning Point

Let My People Go - The Jackson-Vanik Controversy

Fimaco Wouldn't Die - Russia's Missing Billions

The Chechen Theatre Ticket

Russia's Israeli Oil Bond

Russia's Idled Spies

Russia's Last Oligarch

Dimitry Goes to Washington

Russia's Middle Class

Russia in 2003

Russia Straddles the Euro-Atlantic Divide

Russia's Stealth Diplomacy

The Axis of Oil

Russian Synergies - YukosSibneft

Central Europe

What can the CNB Learn from Israel

Central Europe - Or, The New Colonies

Germany's Rebellious Colonies

The EU and NATO - The Competing Alliances

Straf - Corruption in CEE

The Concert of Europe, Interrupted

Ever Closer Union - Hungary's Economy

Steeling a March on Europe

The Czechs' Indian Gambit

Red Sun Rising - Hungary's Elections

The Cost of Forgiveness

The Dying Breed - East European Healthcare

Austrian Banking - An Interview with Wolfgang Christl

Switzerland's Cheesy Economy

Slovakia's Thin Ice

The Skoda Model

Austria - Rejoining the East

The Euro-Atlantic Divide

East Europe

Ukraine - The Crouching Tiger

Russia's Younger Brother

Microsoft's Third Front

Eastern Europe's Change of Climate

Losing the Iraq War

Organ Trafficking in Eastern Europe

Electricity Markets in Eastern Europe

Belarus - Europe's Pariah Strongman

Surviving on Nuclear Waste

Europe's New Plague

The Euro-Atlantic Divide


Elsewhere in a Troubled World

Current Affairs Briefs

The Disunited Nations

The Beginning of History - Islam and Liberalism

Central Asia

The Afghan Trip

Pakistan's Nice Little War

Iran between Reform and Mayhem

Turkey's Troubled Water

Turkey's Losing Streak

Afghan Myths - Interview with Anssi Kullberg

The Uncommon Poverty of the Commonwealth

The United States of America

What Really Happened on September 11?

In God We Trust

The Roots of Anti-Americanism

Containing the United States

Democracy and New Colonialism

America's Second Civil War

The Semi-failed State

The Reluctant Empire

The American Hostel

Middle East

Israel's Hi, Tech - Bye, Tech

Syria's Sunshine Policy

On the Road to Damascus

Lebanon - The Forgotten Key

Israel's Economic Intifada

Saddam's Thousand Nights

Is It All About Oil?

The Iraqi and the Madman

Iraq's Reconstruction - Payback Time

Israel - The Next Target

Sanctioning Sharon

God's Diplomacy and Human Conflicts

The Economies of the Middle East

Turkey's Jewish Friend

Europe's New Jews

Germany

The Inverted Saint - Hitler

Fascism - The Tensile Permanence

Renaissance and Nazism as Ideas of Progress

Unification on Trial - Elections in Saxony-Anhalt

The Iron Union - IG Metall

Better Get Sick in Germany

Bankers in Denial

Europe's Japanese Economy

The Demise of the Mittelstand

Germany's Rebellious Colonies

The Lessons of Grundig

Developing Countries

Deja V-Euro: Previous Monetary Unions

The Economics of Foreign Military Bases

The Emerging Water Wars

And Then There Were Too Many

The Conclave of Exclaves

Burning the Oil - Development and Ethnic Tensions

The Cost of Unification - German Lessons for Korea

White Farms, Black Farmers

The Self-Appointed Altruists

The Semi-failed State


The Balkan Cycle - Politics and Economies

Current Affairs Briefs

The Balkans in 2003 and 2008

The View from Brussels

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History and Culture

The MinMaj Rule

The Poets and the Eclipse

Homo Balkanus

Who will Guard the Guards?

Herzl's Butlers

The Honorary Academic

The Dance of Jael

The Caveman and the Alien

The Magla Vocables

The Elders of Zion

The Rip van Winkle Institutions

The Mind of Darkness

The Last Family

The Friendly Club

The Author of this Article is a Racist

Rasputin in Transition

Skopje - Where Time Stood Still

The Crescent and the Cross - Introduction

The Crescent and the Cross - A First Encounter

The Crescent and the Cross - The Communities of God

The Eureka Connection

The Christiane Way

Micromanaging Malignant Optimism

The Eastern Question Revisited

The Ebony Towers - A Cautionary Tale

The Afghan Trip

Greeks Bearing Gifts - Greek Investment in the Balkan

Terrorism and War

The Union of Death -
Terrorists and Freedom Fighters in the Balkans

Macedonia to the Macedonians!

The Black Hand

The Insurgents and the Swastika

The Army of Liberation

Selling Arms to Rogue States

Terrorism as a Psychodynamic Phenomenon

Kosovo

Plight of the Kosovar

The Black Birds of Kosovo

Serendipitous Macedonia

The Defrosted War

The Bones of the Grenadier

Millenarian Thoughts about Kosovo

NATO's Next War

Why did Milosevic Surrender?

The Deadly Antlers

The Price of Kosovo

 ... and the Treasure Trove of Kosovo

The Phlegm and the Anima

The Dark Clouds of NATO

Black Magic, White Magic

The Bad Blood of Kosovo

Between Omerta and Vendetta

The Sergeant and the Girl

The Fifth Horseman

The Common Enemy

The Third Balkan War

Kosovo's Iraqi Lessons

Interview with Balkanalysis

Interview with Serbianna

Albania

The Myth of Great Albania - Introduction

The Myth of Great Albania - History - Part I

The Myth of Great Albania - History - Part II

The Myth of Great Albania - History - Part III

The Second Coming in Albania

The Albanian Asylum

Yugoslavia

The Myths of Yugoslavia - Part I

The Myths of Yugoslavia - Part II

The Myths of Yugoslavia - Part III

Notes from an Imploding Empire

The Second October Revolution - Book Review

After Milosevic, Milosevic

Slobodan Milosevic is Dead

Milosevic's Treasure Island

The Victory is Montenegro

New Serbia's Old Economy

Yugoslavia Turns to High Return

The Hungarian Kosovo

How the West Killed Djindjic

Interview with Serbianna

Bulgaria

Bulgaria's Economy on the Path to the EU

Bulgarians Vote for Food

Bulgaria's Only Hope

Bulgaria - Past, Present, and Multiethnic Future

Bulgaria - The Quiet American

Slovenia, Croatia, and Bosnia-Herzegovina

Slovenia - The Star Pupil

Bosnia - An Economy in Search of a State

Croatia's Narrowing Spreads

The Washington Consensus - II. Washington and Sarajevo

A Gay Month in Croatia

Romania

Romania - Europe's Heart Failure

Romania's Private Defense


Topic: The Republic of Macedonia

Current Affairs Briefs

Buy Handmade Folk Ethnic Embroidery from Macedonia

Nova Makedonija Daily Dose - Click HERE!

Interviews

An Interview in "Nova Makedonija - Sabota"

Interview with Delo

Interview with Makedonsko Sonce

Second Interview with Delo

Interview with Pravda

Interview with Balkanalysis

Economy

Macedonia's Economy 2008 - Dialog with Dan Doncev

Why is the Macedonian Stock Exchange Unsuccessful?

God's Diplomacy: International Trade and the Macedonian Economy

Should the Government Compensate the Clients of TAT?

Equity, Europe, Investments:
Three Wrong Orientations of the Macedonian Economy

Macedonia's Great Opportunity -
How to Write a Business Plan

A Casino in Macedonia - A Mistake or a Blessing?

The Ifs and VATs of Taxation in Macedonia

The Macedonian and the Tiger

A Suggested Economic Agenda for Macedonia

An Evaluation of the Devaluation

Marketing Macedonia

Does Macedonia Need Competition Laws?

Should 1 DM be 40 Denars?

Macedonia - Quo Vadis?

An Open Letter to the New Premier (21/9/98)

Curing Macedonia (Book Introduction)

Commentary by Mr. Svetozar Janevski

What Can the Macedonian Central Bank Learn from Israel

Taiwan, The IMF and Macedonia

Economic Free Zones in Macedonia

Unemployment in Macedonia

Ten Questions about Macedonia

The Friendly Club

Macedonia - Year 2001 Report

The Patriarch of Industry - Interview with Svetozar Janevski

Monitoring Macedonia

Macedonia - Economy and Nation (Interview)

Macedonia's Growing Dependence

Zoran against the World

Macedonia's Augean Stables

The Freedom of Indices

Political and Cultural Issues

The Books of the Damned

Macedonia to the Macedonians!

Skopje - Where Time Stood Still

The Common Enemy

No Albanian Intifada!

Surviving the Uprising

Interview with Minister of Finance, Nikola Gruevski

Interview with the Prime Minister, Ljubco Georgievski

Macedonia is not Bosnia - Interview with Edward Joseph

Macedonia at a Crossroads

The Disingenuous Dialogue

Thucydides' Honour - Can the Albanians be Bought off?

Macedonia - The Brink and the Cusp

The Sudeten in Macedonia

The Dead Line

Why the Agreement will Fail

The Macedonian Lottery

Interview with the President, Boris Trajkovski

After the Rain - Interview with the Minister of Finance, Nikola Gruevski

Interview with Ljubomir Frckoski

(Articles are added periodically)


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