Abstract: This paper situates the 2008 Global Financial Crisis into the wider historical context to argue that the roots of the crisis can be traced back to the dominant economic ideology in the West during the 1970s. It shows that the corresponding financial policies, implemented by the powerful western economies during the four decades that preceded the crisis, created an institutional framework that fostered financial irresponsibility and made the crisis all but inevitable. The paper also explores the ideas that led to the stabilization of the global market as well as the role of China in charting the way ahead. Ultimately, the discussion highlights the inherent tendency of neoliberal economic ideology to create market instabilities whose consequences for the global economy can be devastating.

Emergence of the International Political Economy as a platform for a complex interface between economy and politics coincides with a strong momentum of the last phase of globalization. The interdependence is explained through the prism of three classical theories, liberalism-as a pro-globalist theory, mercantilism, and Marxism, both skeptical of globalization. Shrouded in numerous controversies globalization has indeed achieved limited results. Paradoxically, actors in the borderless, neoliberal world are exclusively driven by capital. Governments often allow transnational companies to dictate market developments with direct influence on employment, gross domestic product, and power distribution. The aim of this paper is to show whether the neoliberal order is on the wane, an order in which non-liberal measures such as trade protectionism and border closure are increasingly being resorted to pushing back the processes of world economy liberalization. The basic liberal, democratic pillars of equality and justice have collapsed before the interest-driven economy.

—In order to analyze the feasibility of implementing elements of new communication systems under an SDR approach, this work presents the prototyping of an OFDM communication link using the GNU Radio open source tool and low cost hardware interface with HackRF One and RTL-SDR. Preliminary results have shown promise, allowing the design and testing of digital communication systems in a practical way and taking into account the real condition of the channel and deficiencies of the front-end

Bosnia and Herzegovina, having an extremely complex state system and at the same time being a developing country and economy in transition with a commitment to membership in the European Union, faces numerous challenges in adapting national legislation to the acquis communautaire. One of the key segments of the introduction of European standards is the establishment of an effective mechanism for the protection of competition in legislative and institutional terms. With the adoption of the Competition Law in 2005, which brings new solutions and is largely in line with the acquis, Bosnia and Herzegovina has made a significant step forward from the previous state of legal irregularity in this important segment. However, sixteen years of the enforcement of the BiH Competition Law have shown certain shortcomings regarding the particular solutions contained in it. These shortcomings concern the part of the provision of the law that regulates procedural issues, but also the functioning of the authority responsible for the protection of competition in Bosnia and Herzegovina and it can be assumed that these are obstructive elements in response to the challenges of COVID-19 pandemic. In order to follow the international trends, companies in BiH have entered into a process of business digitalization, which, however, being accelerated due to COVID-19 pandemic, has created many challenges before the Council of Competition of BiH as the authority responsible for public enforcement of the competition law. The aim of this paper is to question the extent to which COVID-19 pandemic has affected the work of the Council of Competition BiH, as well as to address some of the particular issues it has faced before the pandemic, including growing market concentration, growing power of digital platforms, protectionism, consumer vulnerability and consequent loss of public confidence. In order to meet the set research goals, the first part of the paper will present an analysis of the legal solutions in the context of the legal and institutional aspect of competition protection and will provide an overview of the situation regarding the digitalization of business operations in Bosnia and Herzegovina. The second part of the paper will provide an analysis of the work of the Council of Competition of BiH with special reference to the period of declaring the pandemic COVID-19.