This paper provides the (English translation) of the text of the Gunnar Myrdal Lecture presented at the U.N. Palais des Nations in 2005. The lecture provides a framework for attempting to determine the level and type of governance needed for a world that is increasingly globalized. It is argued...

This paper argues that the challenges posed by resource dependence, which include an increased vulnerability to external shocks, the risk of Dutch disease and the risk of development specific institutional pathologies, can be overcome, or at least very substaintially mitigated, if accompanied by...

This paper analyses the business cycles of selected European emerging market economies (EME) in terms of their statistical properties and degree of synchronization with the euro area, and discusses the associated policy implications. The evidence suggests that in these economies cyclical...

This paper dicusses possible approaches for improving the mobilization of domestic resources for development in the ECE emerging market economies, focusing on the interrelationship between domestic saving, capital accumulation and economic growth.

This study provides a broad overview of the private housing market in central and eastern Europe and some of the CIS – its history, current conditions and implications for the overall economy. It highlights regional differences, describes the different policy choices that have been made, and...

This paper provides the text of the Gunnar Myrdal Lecture presented at the U.N. Palais des Nations in 2004. The lecture addresses the present economic and political conditions in an integrated Europe and the challenges ahead, particularly how the expansion of the European Union will require...

This paper provides the text of the Gunnar Myrdal Lecture presented at the U.N. Palais des Nations in 2003. The lecture suggests that the gaps in income per capita between richer and poorer countries largely reflect the quality of their institutions. Institutions, by reducing uncertainty, are...

This paper discusses the coming enlargement of the European Union and the economic consequences for both the EU member states, the new EU members and the economies that will border the new enlarged EU.

The paper provides an analysis of the first three years of the European Monetary Union. It discusses the changeover to Euro notes, the performance of monetary policy in terms of price stability and real growth, the establishment of credibility for the ECB, and the two pillar strategy. The...

This study examines corporate governance in the UNECE region (North America, Europe and the CIS). Governance issues have diverse implications not only for the firm's shareowners, managers and workers but for the operation of the overall economy. The differences in how this concept is interpreted...