The results of the first decade of economic transition are very uneven and are distributed according to a sub-regional pattern. The group of 'leading reformers' consists of middle-income countries of democratic capitalism of the Central Europe and Baltic region (CEB). The second group of less...

The post-1990 period witnessed the adoption of economic reforms by many developing and transition countries. While some countries experienced a single-transition to a free-market system, others underwent a dual-transition to free-markets and democracy. This study examines India and Romania as...

The paper discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 countries have become rich and still more than 80 percent of the world population is lagging behind. In many cases a lot indeed. It is true not only for...

Russia is an important part of the world economy both now and in the past. Indeed, one would expect an abundance of studies on Russian economic development. In the past, growth and performance in planned economies vis-à-vis the Western world did attract much attention. These types of studies...

This paper studies empirically the effects of and the interactions amongst economic and political liberalizations. Economic liberalizations are measured by a widely used indicator that captures the scope of the market in the economy, and in particular of policies towards freer international...