1st Edition

Transformation and Crisis in Central and Eastern Europe Challenges and prospects

By Bruno Dallago, Steven Rosefielde Copyright 2016
    304 Pages
    by Routledge

    304 Pages 35 B/W Illustrations
    by Routledge

    The global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations.

    Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other.

    This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.




    Part I Post-Communism Transformation in Russia and Ukraine

    Chapter 1 Transformation

    Chapter 2 Benchmarks

    Part II Former-Soviet Union

    Chapter 3 Russia

    Chapter 4 The Kremlin Strikes Back

    Chapter 5 Economic Prospects

    Chapter 6 Ukraine

    Part III Central Europe: The Visegrad Four

    Chapter 7 – Waiting for change

    Chapter 8 – Central Europe on the eve of transformation

    Chapter 9 – The many facets of transformation

    Chapter 10 – Transformation at work

    Chapter 11 – The crisis: from imported to home-made

    Chapter 12 – Transformation and crisis in Central Europe: An Assessment


    Bruno Dallago is Professor of Economics at the University of Trento and Director of the Research Unit on Local Development and Global Governance, Italy.

    Steven Rosefielde is Professor of Economics at the University of North Carolina, USA.