Economics 21

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  THE APPLICATION OF THE CONTROLLING CONCEPT AS A MODERN MANAGEMENT TOOL

  Effective governance is a major challenge for today’s managers. The management process is a dynamically changing phenomenon that is dependent on many and varied factors and influences. The controlling concept is a dynamic tool that can comprehensively optimize the management of all hierarchical levels in various governance structures.... Effective governance is a major challenge for today’s managers. The management process is a dynamically changing phenomenon that is dependent on many and varied factors and influences. The controlling concept is a dynamic tool that can comprehensively optimize the management of all hierarchical levels in various governance structures.

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  SEEKING AN EXIT FROM THE CRISIS

  The theoretical conception of an exit from a crisis, which was proposed by the Nobel Prize winner P. Krugman, and the application of its basic positions in seeking ways to get out of the crisis in developed countries and in Ukraine are analysed. A peculiarity of the application of Keynes’ theory in the national economy is demonstrated. The ... The theoretical conception of an exit from a crisis, which was proposed by the Nobel Prize winner P. Krugman, and the application of its basic positions in seeking ways to get out of the crisis in developed countries and in Ukraine are analysed. A peculiarity of the application of Keynes’ theory in the national economy is demonstrated. The necessity of developing an alternative economic model applicable to Ukraine’s economy is substantiated. Some theoretical approaches to the formation of a new economic model based on a change in the current system of distribution of the aggregate added value in favour of an increase in the rate of accumulation as a necessary condition of steady economic growth are proposed.

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  THE PROBLEM WITH ECONOMIC GROWTH IN BULGARIA: CAN FOREIGN DIRECT INVESTMENT HELP

  The Bulgarian economy has consistently ranked as one of the last among the EU countries regarding national competitiveness and factor productivity. Currently, its growth is modest and cannot qualify as a catch-up. A number of analyses have been dedicated to this topic, the results indicating various qualitative and quantitative factors or their ... The Bulgarian economy has consistently ranked as one of the last among the EU countries regarding national competitiveness and factor productivity. Currently, its growth is modest and cannot qualify as a catch-up. A number of analyses have been dedicated to this topic, the results indicating various qualitative and quantitative factors or their aggregates as the cause for this lagging behind. This paper is an attempt to find out whether net foreign direct investment can help to improve the economic growth in Bulgaria. The analysis by Granger regarding the causality relationship between the GDP components and foreign direct investment inflows makes it clear that FDI affects not only government spending, which suggests that they cannot cause a change in the political institutions that determine the economic institutions. In short, at present foreign direct investment cannot be considered a source of economic growth due to the lack of investment in strengthening the market mechanisms by government.