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Cross-Historical Global Tendency of Industrial Development


  • Iliya Balabanov


Underlined here is that approximately from the beginning of the 80s the economy of the industrial countries entered a qualitatively new phase and model of development. This started the process of radical change in the world economy and in the development of the society in each country. Analyzed are part of the most current questions of the social science in the whole world which besides the pure scientific, they also have a huge practical value for each country, as follows: what necessitated the qualitatively new change; what are the main features and specifics of the emerged model in comparison with the previous; to what more different type of economic activity and society it leads in more long-term horizon; what challenges the model provokes before the society theory and practice today and tomorrow. An attempt here is made to outline and draw the determining characteristics of a global tendency in the industrial development as a basis for more detailed identification of the new economic and social model. Based on this, formulated here are the two most possible historical alternatives for the further development of Bulgaria.

Suggested Citation

  • Iliya Balabanov, 2001. "Cross-Historical Global Tendency of Industrial Development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 165-180.
  • Handle: RePEc:bas:econth:y:2001:i:7:p:165-180

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    References listed on IDEAS

    1. Grossman, Sanford J. & Hart, Oliver D., 1988. "One share-one vote and the market for corporate control," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 175-202, January.
    2. Lucian Arye Bebchuk, 1999. "A Rent-Protection Theory of Corporate Ownership and Control," NBER Working Papers 7203, National Bureau of Economic Research, Inc.
    3. repec:hrv:faseco:30728041 is not listed on IDEAS
    4. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-1150, July.
    5. Rajan, Raghuram G & Zingales, Luigi, 1998. "Financial Dependence and Growth," American Economic Review, American Economic Association, vol. 88(3), pages 559-586, June.
    6. repec:hrv:faseco:30747162 is not listed on IDEAS
    7. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation : An empirical analysis," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 293-315, January.
    8. Morck, Randall & Shleifer, Andrei & Vishny, Robert W., 1988. "Management ownership and market valuation," Scholarly Articles 29407535, Harvard University Department of Economics.
    9. Clifford G. Holderness & Randall S. Kroszner & Dennis P. Sheehan, 1999. "Were the Good Old Days That Good? Changes in Managerial Stock Ownership Since the Great Depression," Journal of Finance, American Finance Association, vol. 54(2), pages 435-469, April.
    10. Jeffrey B. Miller & Stefan Petranov, 2000. "The First Wave of Mass Privatization in Bulgaria and its Immediate Aftermath," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 225-250, March.
    11. Rafael La Porta & Florencio Lopez-De-Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    12. McConnell, John J. & Servaes, Henri, 1990. "Additional evidence on equity ownership and corporate value," Journal of Financial Economics, Elsevier, vol. 27(2), pages 595-612, October.
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    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure


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