On the threat of zombification of the retroeconomy

dc.contributor.authorPapava, Vladimer
dc.description1. Ahearne, A.G., & Shinada, N. (2005). Zombie firms and economic stagnation in Japan. International Economics and Economic Policy, 2(4), 363–381. DOI: 10.1007/s10368-005-0041-1 2. Anderson, R.E. (2004). Get out of the way: How government can help business in poor countries. Washington: CATO Institute 3. Baldwin, R., & di Mauro, B. W., eds. (2020). Mitigating the COVID economic crisis: Act fast and do whatever it takes. London: CEPR Press. Retrieved from https://cepr.org/publications/books-and-reports/mitigatingcovid- economic-crisis-act-fast-and-do-whatever-it-takes 4. Boon, G.-J. (2020). Amending insolvency legislation in response to the COVID-19 crisis. Harvard Law School Bankruptcy Roundtable, May 12. Retrieved from https://blogs.harvard.edu/bankruptcyroundtable/2020/05/12/amending-insolvency-legislation-inresponse- to-the-covid-19-crisis/ 5. Desjardins, L., & Emerson, R. (2011). Zombie economics: A guide to personal finance. New York: AVERY 6. Harman, C. (2009). Zombie capitalism. Global crisis and the relevance of Marx. Chicago: Haymarket Books 7. Hatheway, L. (2020). A COVID-19 emergency response plan. Project Syndicate, February 27. Retrieved from https://www.project-syndicate.org/commentary/covid-19-economy-response-plan-by-larry-hatheway- 2020-02 8. Hoshi, T. (2006). Economics of the living dead. The Japanese Economic Review, 57(1), 30-49. https://doi.org/10.1111/j.1468-5876.2006.00354.x 9. Hoshi, T., & Kashyap, A. (2005). Solutions to Japan’s banking problems: What might work and what definitely will fail. In Reviving Japan’s economy: Problems and prescriptions, edited by T. Ito, H. Patrick & D.E. Weinstein. Cambridge: The MIT Press, 147-195 10. Janus, H. (2016). Avoiding the insolvency of Georgia’s insolvency law. Policy paper series [PP/01/2016]. Berlin/Tbilisi: German Economic Team Georgia. Retrieved from https://isetpi. ge/storage/media/other/2021-09-27/ec87c7c0-1f7f-11ec-bff6-692335998639.pdf 11. Kane, E.J. (2000). Capital movements, banking insolvency, and silent runs in the Asian financial crisis. Pacific-Basin Finance Journal, 8(2), 153-175. DOI: https://doi.org/10.1016/S0927-538X(00)00009-3 12. Krugman, P. (2020). Arguing with zombies: Economics, politics, and the fight for a better future. New York: W.W Norton & Company 13. Malakotipour, M., Perotti, E., & de Weijs, R. (2020). Unfair and unstable: EU bankruptcy reform requires more scrutiny. VOX EU, February 24. Retrieved from https://cepr.org/voxeu/columns/unfair-and-unstable-eubankruptcy- reform-requires-more-scrutiny 14. McCormack, G., Keay A., Brown S., & Dahlgreen J. (2016). Study on a new approach to business failure and insolvency. Comparative legal analysis of the member states’ relevant provisions and practices. Luxembourg: Publications Office of the European Union. Retrieved from https://op.europa.eu/en/publication-detail/-/publication/3eb2f832-47f3-11e6-9c64- 01aa75ed71a1/language-en 15. Onaran, Y. (2012). Zombie banks: How broken banks and debtor nations are crippling the global economy. Hoboken: John Wiley & Sons 16. Papava, V., (2002). Necroeconomics – the theory of post-Communist transformation of an economy. International Journal of Social Economics, 29(9-10), 796-805. DOI: https://doi.org/10.1108/03068290210444421 17. Papava, V. (2005). Necroeconomics: The political economy of post-Communist capitalism. New York: iUniverse 18. Papava, V., (2010). The problem of zombification of the postcommunist necroeconomy. Problems of Economic Transition, 53(4), 35-51. DOI: 10.2753/PET1061-1991530403 19. Papava, V. (2017). Retroeconomics – Moving from dying to brisk economy. Journal of Reviews on Global Economics, (6), 455-462. DOI: https://doi.org/10.6000/1929-7092.2017.06.46 . Retrieved from https://www.lifescienceglobal.com/independent-journals/journal-of-reviews-on-globaleconomics/ volume-6/85-abstract/jrge/2929-abstract-retroeconomics-moving-from-dying-to-briskeconomy 20. Papava, V. (2020a). Coronomic crisis: When the economy is a hostage to medicine. Eurasia Review, March 29. Retrieved from https://www.eurasiareview.com/29032020-coronomic-crisis-when-the-economy-is-ahostage- to-medicine-oped/ 21. Papava, V. (2020b). Features of the economic crisis under the COVID-19 pandemic and the threat of the zombie-ing of the economy.” Bulletin of the Georgian National Academy of Sciences 14(3), 128-134 22. Papava, V. (2020c). On the atypical economic crisis under the COVID-19 pandemic. Economics and Business, XII(4), 9-16 23. Quiggin, J. 2010. Zombie economics: How dead ideas still walk among us. Princeton: Princeton University Press 24. Roach, S.S. (2020). When China sneezes. Project Syndicate, February 24. Retrieved fromhttps://www.projectsyndicate. org/commentary/china-coronavirus-shock-prospects-for-global-recession-by-stephen-s-roach- 2020-02 25. Roubini N. (2022). The Unavoidable Crash. Project Syndicate, December 2. Retrieved from https://www.project-syndicate.org/commentary/stagflationary-economic-financial-and-debt-crisis-bynouriel- roubini-2022-12 26. Smith, D.C. (2003). Loans to Japanese borrowers. Japanese International Economies, 17(3), 283-304. https://doi.org/10.1016/S0889-1583(03)00043-1 27. Stiglitz, J.E. (2001). Bankruptcy laws: Basic economic principles. In Resolution of financial distress: An international perspective on the design of bankruptcy laws, edited by S. Claessens, S. Djankov, & A. Mody, 1-23. Washington: The World Bank 28. Stiglitz, J.E., & Rashid, H. (2020). Which economic stimulus works? Project Syndicate, June 8. Retrieved from https://www.project-syndicate.org/commentary/stimulus-policies-must-benefit-real-economy-notfinancial- speculation-by-joseph-e-stiglitz-and-hamid-rashid-2020- 06?utm_source=Project%20Syndicate%20Newsletter&utm_campaign=c41ee7287asunday_ newsletter_14_06_2020&utm_medium=email&utm_term=0_73bad5b7d8-c41ee7287a- 93567601&mc_cid=c41ee7287a&mc_eid=e9fb6cbcc0&barrier=accesspaylog 29. Tilley, A. (2005). European Restructuring: Clarifying Trans-Atlantic Misconceptions. The Journal of Private Equity, 8(2), 99-103 30. Wallace, I., & Pilkington, C. (2019). Restructuring across Europe – A new era? White & Case, January 25. Retrieved from https://www.whitecase.com/insight-alert/restructuring-across-europe-new-era 31. Zingales, L. (2021). Attack of the COVID zombies. Project Syndicate, July 2. Retrieved from https://www.project-syndicate.org/commentary/separating-healthy-firms-from-corporate-zombies-byluigi- zingales-2021-07?utm_source=Project%20Syndicate%20Newsletter&utm_campaign=df914751a4- sunday_newsletter_07_04_2021&utm_medium=email&utm_term=0_73bad5b7d8-df914751a4- 93567601&mc_cid=df914751a4&mc_eid=e9fb6cbcc0&barrier=accesspaylog
dc.description.abstractThe article discusses the mechanism of zombification of the economy in the context of the COVID-19 pandemic. In at least some part of any economy in any country, relatively outdated technologies are being used. This part of the economy, i.e. retroeconomy, due to zombification, can most easily transformed into a necroeconomy, based on absolutely outdated technologies. In order to avoid the danger of zombifying a retroeconomy, it is necessary to change the basic principle in bankruptcy law, as a result of which the liquidation of insolvent firms through bankruptcy becomes a priority.
dc.identifier.citationConference Proceedings: "The World Economy in the Post-Pandemic Period: Implications and Challenges", Tbilisi, 2023, pp. 197-202
dc.publisherIvane Javakhishvili Tbilisi State University Press
dc.titleOn the threat of zombification of the retroeconomy
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
On the Threat of Zombification of the Retroeconomy.pdf
120.42 KB
Adobe Portable Document Format
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
1.71 KB
Item-specific license agreed upon to submission