The purpose of this paper is to analyze the potential of ICT in the Central and Eastern European (CEE) countries for faster convergence with the EU-15 income level. The paper investigates this question from both macro and industry perspectives. First, it argues that, between 1995 and 2001, ICT...

This chapter analyzes the sources of Poland's unprecedented economic performance after 1989, when Poland became Europe's and the world's growth champion. I argue that this growth miracle was driven by five fundamental factors, including Poland’s accession to the European Union. All five...

This paper investigates the role of information and communication technology (ICT) as a driver of improved productivity performance of Central and Eastern European (CEE) countries and Russia (CEER) relative to the EU-15 and the U.S. during the 1990s. The paper investigates how, and to what...

The contribution of the "new economy" to economic growth in developing countries has been minimal when viewed from a macroeconomic perspective. Despite the recent 'new economy' hype, the paper argues that the "old economy" will for long be the fundamental force behind economic growth in...