Economic Archive

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  Current Challenges to the Offshore Business

  Offshore business is such an integral part of the financial sec¬tor that we can hardly imagine the world of money without it. Today we are as accustomed to offshore business as people were to slavery in the 18th and the 19th century when slave labour was considered normal and natural. How¬ever, it goes without saying that just like slavery, ... Offshore business is such an integral part of the financial sec¬tor that we can hardly imagine the world of money without it. Today we are as accustomed to offshore business as people were to slavery in the 18th and the 19th century when slave labour was considered normal and natural. How¬ever, it goes without saying that just like slavery, offshore zones are doomed to gradual decline because they function is parasitic. According to a study conducted by the international confederation Oxfam, offshore companies evade taxes for nearly $ 200 billion each year. In fact about 50% of Russia's assets, 57% of the Arab Emirates’ oil funds, and 30% of Africa's funds are hidden in offshore zones. According to the above report, 1% of the world population now have more wealth than the other 99%. The richest sixty peo¬ple have more money than three and a half billion poor people. Such inequali¬ty is possible only through the cooperation of offshore zones. The US Nation¬al Bureau of Economic Research estimates that about $ 5.6 trillion is kept in offshore zones around the world. This amount represents 8% of the global equity or 10% of the world's gross domestic product.

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  Comparative Advantages and Competitiveness of Bulgarian Exports

  The research analyses the comparative advantages and competitiveness of Bulgarian production and exports. The paper consists of two parts. Part one reviews some theoretical concepts about the nature of comparative advantages and interprets the indexes designed by B. Balassa and M. Amir. Part two provides computations of B. Balassa and M. Amir ... The research analyses the comparative advantages and competitiveness of Bulgarian production and exports. The paper consists of two parts. Part one reviews some theoretical concepts about the nature of comparative advantages and interprets the indexes designed by B. Balassa and M. Amir. Part two provides computations of B. Balassa and M. Amir indexes and analyses obtained results to identify the comparative advantages and disadvantages of Bulgarian production and exports for certain commodities and commodity groups in the period from 2012 to 2016. Based on the findings of the analysis, we identify and summarise available opportunities for expanding or limiting the exports of certain commodity groups and raising the competitiveness of Bulgarian economy. The research employs mathematical and statistical methods, mainly the index method, in addition to the methods of analysis and synthesis.

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  Students’ Perspective Towards to Bologna Process and Employability (Case Study of Bulgaria)

  The problem of youth unemployment is a global issue. This article discuss in depth the youth unemployment problem. It analyses the characteristics, causes, and consequences of graduate unemployment and examines its relationship to the Bologna Process. A qualitative research has been done with focus group discussions of Bachelor and Master Degree ... The problem of youth unemployment is a global issue. This article discuss in depth the youth unemployment problem. It analyses the characteristics, causes, and consequences of graduate unemployment and examines its relationship to the Bologna Process. A qualitative research has been done with focus group discussions of Bachelor and Master Degree students. The study explores the nature of the labour market for higher education graduates and the main obstacles that youth face on their journey from education to employment. The study aims to determine whether graduate unem¬ployment is a result of shortage of jobs, skills, or lack of coordination. It includes recommendations for involving the government, the managing bodies of higher education institutions as well as employers and career service offices in order to overcome youth unemployment.