ABSTRACT

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.

chapter |6 pages

Introduction

part |2 pages

PART I Post-communism transformation in Russia and Ukraine

chapter 1|7 pages

Transformation

chapter 2|3 pages

Benchmarks

part |2 pages

PART II The former Soviet Union

chapter 3|8 pages

Russia

chapter 4|9 pages

The Kremlin strikes back

chapter 5|19 pages

Economic prospects

chapter 6|22 pages

Ukraine

part |2 pages

PART III Central Europe: the Visegrád Four

chapter 7|24 pages

Waiting for change

chapter 9|31 pages

The many facets of transformation

chapter 10|34 pages

Transformation at work

chapter 11|51 pages

The crisis: from imported to home-made

chapter |7 pages

Conclusion: back to the future?