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.

Contents

Preface

Introduction

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

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.