IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2011i2p39-58.html
   My bibliography  Save this article

Fighting the Economic Crisis: Could Bulgaria Be a Neoliberal Success Story?

Author

Listed:
  • Plamen D. Tchipev

Abstract

In April 2010 Bulgarian government announced an economic and social plan targeted on counteracting the swift economic downfall and hopefully, on helping the economic recovery. The way the plan was launched and the character of some of the measures created a lot of comments, rejection and controversy among the economic agents in the country. That inspired the main idea of that paper - to look more carefully into the plan. First section outlines roughly the global response to the financial crisis. Section 2 observes the government anti-crisis plan in some detail; the third features plan’s specifics summarizing it as a fire plan, comprised of a bunch of neo-liberal measures targeted on shrinking belts and relying on the self-sufficient ability of private business to overcome the recession. Section 4 tries to answer the question – why the plan is as it is - and pays attention to the objective determinants of the plan, to the “ideologemes” which frame the economic thinking of policy makers and points out the first results and the first cracks of that plan. Finally, the paper concludes that, a radical shift away from the neoliberal economic policy seems more and more as an unavoidable decision.

Suggested Citation

  • Plamen D. Tchipev, 2011. "Fighting the Economic Crisis: Could Bulgaria Be a Neoliberal Success Story?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 39-58.
  • Handle: RePEc:bas:econst:y:2011:i:2:p:39-58
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=0e3b527d-9b4a-4a1d-a73c-628b34ce00aa&articleid=4361f3f2-8409-4a50-9a8f-429db938390e#a4361f3f2-8409-4a50-9a8f-429db938390e
    Download Restriction: Fee access

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • E66 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General Outlook and Conditions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2011:i:2:p:39-58. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Diana Dimitrova). General contact details of provider: http://edirc.repec.org/data/ikbasbg.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.