id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
gs-3932	Papava, Vladimer	RETROECONOMIC BARRIERS IN THE DEVELOPMENT OF AN INNOVATIVE ECONOMY	2025	14	.pdf	application/pdf	5375	304	41	It is our view that, in order to evade the zombification of a retroeconomy or to contribute to creative destruction, the core principle of bankruptcy legislation should change and, in lieu of the above (i.e., the preservation of the balance between the protection of creditors’ interests on the one hand, and avoiding the liquidation of viable firms on the other), a balance must be maintained between the requirement to protect creditors’ interests and the need for a timely liquidation of non-viable firms. Under these circumstances, the authorized use of new technology becomes expensive, especially for firms that operate in poor countries with a relatively low level of economic development.	cache/gs-3932.pdf	txt/gs-3932.txt