While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed had varied widely across the transition countries. The paper examines some aspects of transition experiences of 1990s and the dynamics of GDP in Georgia during...

This article presents the case of Charilaos Trikoupis, who is considered to have been the first to modernize the Greek economy. The argument here, based on a review of the daily press and parliamentary proceedings of his time, is that Trikoupis’ development plan was, apart from its modernism,...

A number of studies have concluded that, contrary to expectations, European monetary union has not reduced income disparities among the 12 Western European member countries. In fact, incomes per capita between Southern and Northern Eurozone members have diverged since the Eurozone was created,...

The economic history of Argentina presents one of the most dramatic examples of divergence in the modern era. What happened and why? This paper reviews the wide range of competing explanations in the literature and argues that, setting aside deeper social and political determinants, the various...