The aim of the study is to prove that agents organised by market forces tend to create and even more so deepen economic disparities over time. Empirical studies do not reliably describe the trend and causes of interpersonal global inequality in recent decades. Hence, the attention is turned to general economic theory with inspiration from Schumpeterian and neoclassical theories. The results indicate that pure market economy logic will tend to lead to multi-level divergence.
Nissinen, M. (1999): Latvia's Transition to MarketEconomy: Political Determinants of Economic Reform Policy. London: Macrnillan Press.
Latvia's Transition to MarketEconomy: Political Determinants of Economic
is situated in the Southeast Europe on the Balkan Peninsula. According to the World Bank's classification, Bulgaria has an emerging marketeconomy in the upper-middle income range, where the private sectors account for more than 80% of the gross