Macroeconomic Monitor
Начало / 2014 / декември

2014.12

Nineteen overlooked effects of income redistribution. Part Two

7. As a result of the previous two consequences, society as a whole becomes more divided and hostile. It begins to resemble a true community less and less. Instead, society divides into aggressively minded groups, with some groups viewing others as oppressors. People lose their sense of belonging to a community, …

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The myth “Bulgaria will get better when politicians start listening to the people”. Part Three: More examples and conclusions

V. Privatization and concessioning of state and municipal property: This last article brings together several subtopics. What they have in common is that they are systems that are an example of inefficiency and are on the verge of collapse, but there can be no question of taking radical measures to solve the problems, …

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What's behind Britain's economic "recovery"?

Six years after the collapse of Lehman Brothers, the UK is one of the few developed economies to have managed to regain its pre-crisis level of output (measured by gross domestic product) and is even expected to be the fastest-growing economy among the G7 countries this year. In the third quarter …

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The minimum wage and its effects on the labor market

The time has come for the drafting and adoption of the state budget, and, as we have become accustomed to every year, there has been talk of increasing the minimum wage (MW). Along with its other social measures, the so-called “right-wing” government has decided to increase the MW twice next year – at the beginning and in the middle …

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Our unions are sliding down the path of budget spending and populism

Yesterday, the more left-wing of the two major unions – the Confederation of Bulgarian Trade Unions – brought its members to parliament to protest changes to the pension system and a number of other elements of the budget that they disagree with. Of course, the aim of the union pressure is to give more money to a certain group of workers who …

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Public Procurement and European Projects – Highlights from the Bizmonitor Report September 2014

Despite the unstable political situation over the past year, public procurement in the Republic of Bulgaria has maintained relatively stable levels in terms of the number of launched procurements and the amount of their financing. On the other hand, in anticipation of the start of the new programming period 2014-2020, the number of …

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Guest article: The myth “Bulgaria will get better when politicians start listening to the People”. Part two: What happens when politicians actually listen to the “People”:

The first part examined the incentives driving the behavior of politicians and the "People" and at the same time questioned the idea that the "People" is a homogeneous body that thinks and acts alike. The second part will focus on several policies that have been on the agenda in recent years and were imposed with the argument that ...

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The unnecessary educational regulation of the Ministry of Education and Science

The Bulgarian Ministry of Education has one important (at least according to it) administrative function – the preparation and enforcement of annual curricula and programs, according to which schools in the country must organize the teaching process. This system of “regulation of the educational process” should be more related to the general study of state …

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Thanksgiving - the great deception

Every year at this time, students across America are taught the official story of Thanksgiving. Newspapers, radio, television, and magazines devote an enormous amount of time and space to the holiday. It's all quite colorful and fascinating. But it's also quite misleading. The official story has nothing to do with...

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