Economic Archive

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  ON A REVITALIZED, VIBRANT, AND PROSPECTIVE PHENOMENON

  The article comprises four sections – an introductory executive summary; a discussion of the Neo-classical concept of the Great Silk Road in Part One; the response of the USA and the EU in Part Two; and a detailed conclusion. The introduction describes the tectonic shift in the global economic triad (in the past, the present and the future) ... The article comprises four sections – an introductory executive summary; a discussion of the Neo-classical concept of the Great Silk Road in Part One; the response of the USA and the EU in Part Two; and a detailed conclusion. The introduction describes the tectonic shift in the global economic triad (in the past, the present and the future) underlining the dynamic trends in the economic mainstream. Part One presents an analysis of the revival of the Silk Road and its substantiation through the One Belt – One Road initiative and justifies its multi-vector diversification. Part One discusses the negative implications of the Rust Belt in The United States of America. Having failed to undermine China’s initiative, the US launched their Blue Dot Network project whi9le the EU modified the original initiative into a European Silk Road. The extended conclusion reviews the second- and third-level synthesis to define the Belt Economy as an economic trend such as the digital, entrepreneurial, partnership, narrative, etc. types of economy.

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  EUROPEAN CHEMICAL INDUSTRY – CURRENT STATE AND CHALLENGES

  The European chemical industry is one of the major and most important industrial sectors of the Community economy. The present paper aims to present an analysis of its current state and, on this basis, to highlight the main challenges it must address in the coming years. The presentation of the main characteristics of the chemical industry on a ... The European chemical industry is one of the major and most important industrial sectors of the Community economy. The present paper aims to present an analysis of its current state and, on this basis, to highlight the main challenges it must address in the coming years. The presentation of the main characteristics of the chemical industry on a global scale, which gives a clearer idea of the state of the industry as a whole also plays an important role in the study. The following main conclusions are drawn from the analysis made. First, an increase in the share of chemical substances and products in the EU’s total exports and imports, which determines the growing importance of the sector to the European Union. Second, the European chemical industry is still lagging behind China on a global scale due to a variety of reasons, including the country’s industrial policy and sector reforms. Third, in the future, the industry will have to cope with a number of challenges in areas such as the environment, international competitiveness, sustainable development and the circular economy.

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  STATE AND PROBLEMS IN THE MANAGEMENT AND DEVELOPMENT OF AGRICULTURE

  The international scientific and practical conference on “State and Problems in the Management and Development of Agriculture” held in Svishtov on 4 October 2019 attracted a great number of Bulgarian and foreign scholars who work in the field of agriculture as well as representatives of the business in the agricultural sector. The scientific forum ... The international scientific and practical conference on “State and Problems in the Management and Development of Agriculture” held in Svishtov on 4 October 2019 attracted a great number of Bulgarian and foreign scholars who work in the field of agriculture as well as representatives of the business in the agricultural sector. The scientific forum was attended by 83 representatives from nine countries and three continents; they presented 68 papers dealing with the organization and management of investments and innovations, entrepreneurial initiatives and diversification in the agricultural business, financial and accounting aspects, marketing, distribution and trade, information technologies, ecologization and sustainable development, legal and socio-cultural barriers of the general agricultural policy of the European Union. In the discussions during the scientific forum, we identified, analysed and assessed the current problems that accompany the development of agriculture and made specific proposals for their solutions on the basis of the expert capacity of the scientific community and the institutions that manage the agricultural sector in Bulgaria, as well as the needs of the agricultural business.