The Second Transition: Eastern Europe in Perspective

The Second Transition: Eastern Europe in Perspective PDF Author: Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451871913
Category :
Languages : en
Pages : 33

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Book Description
The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics, East European and East Asian growth performances were about on par from the mid-1990s; both regions far surpassed Latin American growth. Second, the mechanisms of growth in East Europe and East Asia were, however, very different. East Europe relied on a distinctive-often discredited-model, embracing financial integration with structural change to compensate for appreciating real exchange rates. In contrast, East Asia contained further financial integration and maintained steady or depreciating real exchange rates. Third, the ongoing financial turbulence has, thus far, not had an obviously differential impact on emerging market regions: rather, the hot spots in each region reflect individual country vulnerabilities. If the East European growth model is distinctive, is it sustainable and replicable? The paper speculates on the possibilities.

The Second Transition: Eastern Europe in Perspective

The Second Transition: Eastern Europe in Perspective PDF Author: Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451871913
Category :
Languages : en
Pages : 33

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Book Description
The countries of Eastern Europe achieved two remarkable transitions in the short period of the last two decades: from plan to market and, then, in the run-up to and entry into the European Union, they rode a wave of global trade and financial market integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics, East European and East Asian growth performances were about on par from the mid-1990s; both regions far surpassed Latin American growth. Second, the mechanisms of growth in East Europe and East Asia were, however, very different. East Europe relied on a distinctive-often discredited-model, embracing financial integration with structural change to compensate for appreciating real exchange rates. In contrast, East Asia contained further financial integration and maintained steady or depreciating real exchange rates. Third, the ongoing financial turbulence has, thus far, not had an obviously differential impact on emerging market regions: rather, the hot spots in each region reflect individual country vulnerabilities. If the East European growth model is distinctive, is it sustainable and replicable? The paper speculates on the possibilities.

IMF Working Papers

IMF Working Papers PDF Author: Ashoka Mody
Publisher:
ISBN:
Category : Electronic books
Languages : en
Pages :

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Book Description


The Transition in Eastern Europe, Volume 1

The Transition in Eastern Europe, Volume 1 PDF Author: Olivier Jean Blanchard
Publisher: University of Chicago Press
ISBN: 0226056813
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.

Transition in Central and Eastern European Countries

Transition in Central and Eastern European Countries PDF Author: Pero Maldini
Publisher: CPI/PSRC
ISBN: 9537022153
Category : Europe, Central
Languages : en
Pages : 255

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Book Description


Transition Economies in Central and Eastern Europe

Transition Economies in Central and Eastern Europe PDF Author: Alicja Sielska
Publisher: Taylor & Francis
ISBN: 100092145X
Category : Business & Economics
Languages : en
Pages : 139

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Book Description
The theory of interventionism of the Austrian School of Economics explains the successes and failures of the transformation processes in Central and Eastern European countries and offers a deep insight into contemporary economic phenomena. Three decades have passed since the collapse of communism that precipitated the economic transformation of these countries. This book describes the Austrian view of socialism and in such a context explains the transformational success of the countries of Central and Eastern Europe. Moreover, it shows that the theory of interventionism has not lost its relevance, and the theory itself—along with its modifications—may be used to explain current economic events. The book is divided into four sections. The first part presents the Austrian perspective on socialism; the second discusses a new approach to the Austrian theory of interventionism, suggesting that the theory should be revised and that its scope should be extended beyond the transformation of the 1990s into the realm of contemporary economic reality; the third part is oriented towards pragmatic considerations, whereby the authors employ the Austrian perspective to analyze specific factors that, according to their view, had an impact on the transformational success of post-communist countries; while the final part is ideological and philosophical in character. Here the authors search for certain principia that govern broadly understood social and economic transformations. The book is addressed to those interested in the Austrian School of Economics and the political transformation of the 1990s, as well as those who wish to understand contemporary economic trends.

Revolution And Transition In East-central Europe

Revolution And Transition In East-central Europe PDF Author: David Mason
Publisher: Routledge
ISBN: 0429974361
Category : Political Science
Languages : en
Pages : 228

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Book Description
Eastern and Western Europe continue to change in their relationship to one another and in their ongoing dynamic with the post-Soviet states. Economic development, electoral upheaval, and the Bosnian crisis all color the transition from communism to democracy and from a Cold War outlook to a new global order still taking shape.In this fully revised and updated edition of his popular and critically acclaimed text, David Mason brings the revolutionary events of 1989 into context with the transitional yet turbulent 1990s. We see new parties, new politics, new constitutions, and new opportunities in light of economic shock therapies, ?left turns? in recent elections, and dissolving sovereignties and alliances. Despite savage ethnic conflict, economic scarcity, and political insecurity, Mason shows us that East-Central Europe is consolidating and reemerging as a region to be reckoned with on the global stage.

Economic Transition in Central and Eastern Europe

Economic Transition in Central and Eastern Europe PDF Author: Daniel Gros
Publisher: Cambridge University Press
ISBN: 1316582949
Category : Business & Economics
Languages : en
Pages : 376

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Book Description
Analysing the key problems facing the transition countries in Central and Eastern Europe, this accessible book describes the legacy of the central planners, the progress achieved so far and the need for further reforms. It documents the outstanding successes and failures, and analyses why certain approaches to transition have worked and others have not. It tests where transition is over and shows how some countries have graduated from 'transition' to 'integration' through their efforts to join the European Union (EU). It discusses the costs and benefits of the eastern enlargement of the EU. The specific experiences of German unification, the Soviet Union's disintegration, and Russia's complex reforms are examined, as are the specific issues that need to be addressed in the Balkans. The book concludes by indicating how the expanding EU could help the poor performers through inclusion in a continent-wide integrated economic area.

Central and Eastern Europe After Transition

Central and Eastern Europe After Transition PDF Author: Wojciech Sadurski
Publisher: Routledge
ISBN: 131716900X
Category : Law
Languages : en
Pages : 375

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Book Description
How have national identities changed, developed and reacted in the wake of transition from communism to democracy in Central and Eastern Europe? Central and Eastern Europe After Transition defines and examines new autonomous differences adopted at the state and the supranational level in the post-transitional phase of the post-Communist area, and considers their impact on constitutions, democracy and legal culture. With representative contributions from older and newer EU members, the book provides a broad set of cultural points for reference. Its comparative and interdisciplinary approach includes a useful selection of bibliographical resources specifically devoted to the Central Eastern European countries' transitions.

Remaking Eastern Europe — On the Political Economy of Transition

Remaking Eastern Europe — On the Political Economy of Transition PDF Author: J.M. Van Brabant
Publisher: Springer Science & Business Media
ISBN: 9400906897
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
This compact volume is meant as a modest contribution to the ongoing debate on how to transform in particular the radically reforming Eastern European economies into more productive sociopolitical organizations. Although my main focus here is on the economics of reform and east-west assistance, I have tried to embed the multiple technical aspects of restructuring such a resource alloca tion into the context of remaking Eastern Europe. That the volume coincides with the seminal transformations of the communist countries of Eastern Europe is, of course, not fortuitous. But I shall have much less to say about the politi cal transitions from communism to parliamentary democracy, except the ways in which the latter may bolster or hinder the hoped-for economic mutations. In taking stock of where I stand on the issue of "radical reform" of planned economics in general and the CMEA in particular, both still moving targets, I have benefited greatly from participation in formal and informal conferences on economic reform. The product has also profited from many informal discus sions and exchanges of views among friends and colleagues, including those entrusted with and purely interested in efforts on the overall topic of the study launched from within the broad context of the United Nations, my at times reluctant employer.

The Handbook of Political Change in Eastern Europe

The Handbook of Political Change in Eastern Europe PDF Author: Sten Berglund
Publisher: Edward Elgar Publishing
ISBN: 1782545883
Category : Political Science
Languages : en
Pages : 861

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Book Description
ÔLots has changed in Eastern Europe in the past quarter-century and the new edition of this major study of the region sets out these changes in directions for the better and for the worse.Õ Ð Richard Rose, University of Strathclyde, UK ÔThis Handbook offers a historically informed, systematic account of the political development in Central and Eastern Europe. Two chapters lay out a framework for comparison. 26 specialists provide analyses for 19 countries. In an appendix, each of these country chapters documents election results, government composition, the electoral system, and the constitutional framework. The concluding chapter synthesizes the major results. The Handbook is the most comprehensive source for an up-to-date analysis of all Central and Eastern European countries within the sphere of influence of the European Union. It is a Òmust haveÓ for students and scholars interested in how to evaluate the state of democracy in this region of the globe.Õ Ð Hans-Dieter Klingemann, New York University Abu Dhabi, UAE and Social Science Research Center Berlin, Germany This third edition of The Handbook of Political Change in Eastern Europe provides an authoritative and thorough analysis of the political changes, which have occurred in Central and Eastern Europe since the demise of communism. It offers an historical, comparative perspective of the region and focuses on the social consequences of the democratisation process. The country-specific chapters are written by scholars with well-documented area expertise on their respective cases: Estonia, Latvia, Lithuania, Poland, The Czech Republic, Slovakia, Hungary, Slovenia, Romania, Bulgaria, Croatia, Bosnia, Serbia, Montenegro, Macedonia, Albania, Ukraine, Moldova, and Georgia. Each chapter includes detailed examinations of elections, the formation of governments, electoral systems and constitutional arrangements. These in-depth and up-to-date analyses are supplemented by conclusions on the party systems and emerging political structures in the region as a whole, as well as the consolidation of democracy in a post-communist setting. The revised and expanded version of The Handbook of Political Change in Eastern Europe provides a state-of-the art companion, which will be indispensable for students and scholars in the social sciences including political science, comparative politics, European studies and political history, as well as for policy makers and practitioners.