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The purpose of this country study is to evaluate Bulgaria's progress in its transition from plan to market and preparing for membership to the European Union. It examines economic developments during the 1990's with a focus on the 1997-1999 period. This study describes the structural and institutional reforms implemented during this period, their impact and the prospects for accession to the European Union.
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This is the first public expenditure and institutional review on Bulgaria by the World Bank. The objective of this study is to outline public expenditure issues and policy directions to improve the efficiency and effectiveness of pubic expenditures in Bulgaria. It assesses fiscal sustainability and analyzes the efficiency and effectiveness of public expenditures and their institutional framework. Bulgaria has made substantial progress toward long-term macroeconomic stablility. Growth has been re-established, per capita income has improved, inflation has remained low, poverty has been reduced, and the external debt to GDP ratio has declined. Furthermore, the share of the private sector in the economy is increasing, major regulatory reform is underway, the banking sector is on more solid footing, and energy pricing reforms are improving efficiency, and reducing the fiscal burden. But challenges remain in the five sectors looked at - education, health, social protection, the state railways and energy sectors.
The book traces the history of communist Bulgaria from 1944 to 1989. A detailed narrative-cum-study of the history of a political system, it provides a chronological overview of the building of the socialist state from the ground up, its entrenchment into the peaceful routine of everyday life, its inner crises, and its gradual decline and self-destruction. The book is the definitive and the most complete guide to Bulgaria under communism and how the communist system operates on a day-to-day level.
What lesson will America draw from the present Great War? Must she see the heads of her own children at the foot of the guillotine to realize that it will cut, or will she accept the evidence of the thousands which have lain there before? Will she heed the lesson of all time, that national unpreparedness means national downfall, or will she profit from the experience and misfortunes of others and take those needed measures of preparedness which prudence and wisdom dictate. In a word, will she draw any valuable lessons from the Great War? This is the question which is so often asked. As yet there is no answer. It is the question uppermost in the minds of all those who are intelligently interested in our country's welfare and safety. It is the question which vitally concerns all of us, as it concerns the defense and possibly the very existence of our nation. The answer must be "Preparedness." If we are to live, preparedness to oppose the force of wrong with the strength of right. Will it be? That's the question! Or will America drift on blind to the lessons of the world tragedy, heedless of consequences, concerned with the accumulation of wealth, satiated with a sense of moral worth which the world does not so fully recognize, planning to capture the commerce of the warring nations, and expecting at the same time to retain their friendship and regard. Let us hope that, in the light of what is, and as a preparation against what may be, the answer will be characteristic of a great people, peaceful but prudent and foreseeing; that it will be thorough, carefully thought-out preparedness; preparedness against war. A preparedness which if it is to be lasting and secure must be founded upon the moral organization of our people; an organization which will create and keep alive in the heart of every citizen a sense not only of obligation for service to the nation in time of war or trouble, but also of obligation to so prepare himself as to render this service effective. An organization which will recognize that the basic principle upon which a free democracy or representative government rests, and must rest, if they are to survive the day of stress and trouble, is, that with manhood suffrage goes manhood obligation for service, not necessarily with arms in hand, but for service somewhere in that great complex mass which constitutes the organization of a nation's might and resources for defense; organization which will make us think in terms of the nation and not those of city, State, or personal interest; organization which will result in all performing service for the nation with singleness of purpose in a common cause—preparedness for defense: preparedness to discharge our plain duty whatever it may be. Such service will make for national solidarity, the doing away with petty distinctions of class and creed, and fuse the various elements of this people into one homogeneous mass of real Americans, and leave us a better and a stronger people. Once such a moral organization is accomplished, the remaining organization will be simple. This will include an organization of transportation, on land and sea, and of communications. An organization of the nation's industrial resources so that the energy of its great manufacturing plants may be promptly turned into making what they can best make to supply the military needs of the nation. By military needs we mean all the complex requirements of a nation engaged in war, requirements which are, many of them, requirements of peace as well as of war. It will also include a thorough organization of the country's chemical resources and the development thereof, so that we may be as little dependent as possible upon materials from oversea. At present many important and essential elements come from oversea nations and would not be available in case of loss of sea control.