Description
Book SynopsisVolume 44 begins with an analysis of the influence of the economic crisis of the year 2008 on the consumption of "affordable luxuries" through an examination of the sales and market performance of different product categories. Following this, the authors assess an approach for reshaping the institutional basis for regional economic progress inspired by ongoing national economic reforms in present-day Ukraine. The theoretical basis for conclusions is drawn from the modern theory of new institutionalism. An in-depth analysis of energy efficiency in the South Caucasus region is provided, identifying two basic problems: incompatible legislation and incompatible consumer tariffs. Continuing, this compilation reviews the de-risking experience of several Caribbean countries. Some considered solutions include utilizing the correspondent banking relationship of domestic Central Banks, strengthening domestic regulatory and legislative framework to reduce risk perception, and lobbying at the regional level to raise awareness. The authors also address the importance of public procurement in spending public funds, which has a high impact on the development of the private sector. The conclusion raises questions regarding whose GDP should be optimized in a global economy, whose employment level should be addressed, and how this new stage in world development will look.
Table of ContentsPreface; Marketing Challenges in Economic Downturns: From the Lipstick to the Smoothie-Bar Effect; Reshaping Institutional Basis for Regional Economic Progress: Findings for Present-Day Ukraine and Promising Democratic Countries; Energy and Economic Security of the South Caucasus Region and Neighboring Countries; De-Risking and the Loss of Correspondent Banking in the Caribbean: Causes, Impact, and Response; Technical Specification and Its Role in Public Procurement in Kosovo; The European Union in a Labyrinth of Transition from the Territorial into a Market State; Index.
