Economic theory and practice- between fear and thrust

Nov 15, 2018


Kartepe, Kocaeli, Turkey



Every successful economic system requires a supporting political structure: rules, standards of behavior, ways of resolving conflicts in order to produce trust and predictability. But in last year’s we are leaving in the process of historically lowest degree of trust in democratic institutions in western civilizations. The paradox is that, even thought the countries are moving closer economically, depending on each other more for trade, raw materials (especially oil) and finance, but they’re moving farther apart politically, disagreeing over goals, tactics and values. Historians has pointed to a similar disconnect, before World War I, when European powers were highly integrated economically and increasingly hostile politically. What could be social and economical consequences of this actual process for the Balkan countries, as a space which is more sensitive to all tectonic changes in the world over his security and sociopolitical live. Too many people and businesses in the Western Balkan and broader Mediterranean region currently live in a climate of economic fear. As we know from our past, fear has traditionally been regarded as a mechanism that is triggering irrational behavior. In the last decades and century we passed between Scylla and Haridba of fear and trust with very high cost. . By using real examples of ours experiences we are trying to enrich the theory and predict the future social and economic practice.

  • Ljubomir Kekenovski
    Ljubomir Kekenovski


    Ss. Cyril and Methodius University


    Professor Kekenovski Ljubomir has earned his B A, MPA and Ph.D in Economics at the University “St Ciril and Methodius” in Skopje. His Doctoral Theses- was “The new positions of the public sector with special inside of public sector transformations in Republic of Macedonia” at the University St Cyril and Methodius” – Skopje University. He

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