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The Post Crisis Economy of Bulgaria

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  • Ivan Angelov

Abstract

The paper outlines the most important features of the post crisis Bulgarian economy. Recommendations are made on the economic policy as well as some projections for the following 15-20 years on: necessity of sustainable growth; growth of GDP and employment; modern human and intellectual capital; mitigation of the demographic crisis; modern production, consumer and export patterns; rational correlation between financial and real sector; active regional policy; total modernization of technologies; upgrading the quality of foreign direct investments; new sources of energy and reducing the energy intensity of the economy; development of ecology friendly agriculture; expansion of international tourism; development of modern infrastructure; promotion of integration into the European Common Market; setting up of European companies; increasing role of foreign trade; upgrading the competitiveness of the economy; applying flexible macroeconomic policies; strengthening the social orientation of the economic policy; revival of the modern Keynesian economic policy; promotion of the principle “market and state”; necessity of catching up economic development.

Suggested Citation

  • Ivan Angelov, 2010. "The Post Crisis Economy of Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 24-50.
  • Handle: RePEc:bas:econth:y:2010:i:2:p:24-50
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    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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