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Why Am I Afraid to Sell?
Relationship marketing. It's the backbone of a successful online business. Fail to forge online relationships and your business will suffer. Simple enough concept, right? But what does "relati. . .
Going Bankrupt in the World
It all starts by defaulting on an obligation: Money owed to creditors or to suppliers is not paid on time, interest payments due on bank loans or on corporate bonds issued to the public are withhel. . .
An Evaluation of the Devaluation
A Minister of Finance is morally right to lie about a forthcoming devaluation and a woman has the right to lie about her age. This is the common wisdom. Rumours about a devaluation of the Macedoni. . .
How Do Other Countries Devalue Their Currencies?
Countries devalue their currencies only when they have no other way to correct past economic mistakes - whether their own or mistakes committed by their predecessors. The ills of a devaluation are. . .
The Ifs and VATs of Taxation in Macedonia - Should VAT be...
To be justified, taxes should satisfy a few conditions: Above all, they should encourage economic activity by providing incentives to save and to invest. Savings - transformed into investments- enh. . .
Public Procurement and Very Private Benefits
In every national budget, there is a part called "Public Procurement". This is the portion of the budget allocated to purchasing services and goods for the various ministries, authorities and other. . .
What could Macedonia Learn from a Tiger? The Asian Tigers...
The first reaction of economies in transition is a sharp decline in their production, mainly in industrial production. In the countries which attained independence with the demise of the British Em. . .
The Demise of the Dinosaur PTTs
Telecommunications is the most important physical infrastructure in the modern world. It is more important than roads because it can replace them. It is more important than office buildings because. . .
History of Previous European Currency Unions
The Euro feels like a novelty - but it is not. It was preceded by quite a few Monetary Unions in Europe and outside it. To start with, countries such as the USA and the USSR are (or were in the la. . .
Competition Laws
A. THE PHILOSOPHY OF COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient price) coupled with the highest quality o. . .
Workaholism, Leisure and Pleasure
The official working week is being reduced to 35 hours a week. In most countries in the world, it is limited to 45 hours a week. The trend during the last century seems to be unequivocal: less work. . .
The Professions of the Future
Predicting the future is a tricky business. There have been countless ridiculous failures at identifying the trends and products which will determine the future shape of our life and our environmen. . .
Hedging Foreign Exchange Risks
The exchange rate of the Macedonian Denar against the major hard currencies of the world has remained stable in the last few years. Because of the IMF restrictions, the local Narodna (Central) Bank. . .
The Delicate Art of Balancing the Budget
Government budgets represent between 25% and 50% of he Gross Domestic Product (GDP), depending on the country. The members of the European Union (Germany, France) and the Scandinavian countries rep. . .
The Good, the Bad and the Ugly: Employee and Management O...
Margaret Thatcher started a world trend during her tenure as Prime Minister is Downing Street. It is called: Privatization. It consisted of the transfer of control of a state-owned enterprise to th. . .
God's Diplomacy - International Trade and the Macedonian ...
A British politician, Richard Cobden once (1857) wrote: "Free Trade is God's diplomacy and there is no other certain way of uniting people in the bonds of peace" International, free trade is part. . .
Infrastructure and Prosperity
In the past, if you mentioned the word "infrastructure", the verbal reflex would be: "physical". Infrastructure was roads, telephone lines, ports, airports and other very tangible country spanning . . .
The Dismal Mind - Economics as a Pretension To Science
It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at. Ludwig von Mises I. INTRODUCTION . . .
Small Businesses - Big Obstacles
Everyone is talking about small businesses. In 1993, when it was allowed, more than 90,000 new firms were registered by individuals. Now, less than three years later, official figures show that onl. . .
Why is the Macedonian Stock Exchange Unsuccessful?
The Macedonian Stock Exchange (MSE) is not operating successfully. True, some of the parameters which we use to measure the success of a stock exchange have lately improved in the MSE. For instance. . .
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