This chapter takes stock of growth trends in Belarusian economy since 1996, reviews the evidence of accumulated challenges and risks within the existing growth patterns, and provides policy recommendations aimed at strengthening growth sustainability. In sum, while economic growth in Belarus in...

This paper develops additional economic arguments to emphasize the potential importance of the Diasporas' contribution to economic transformation of former socialist economies. At the same time, it argues that so far this potential has been grossly underutilized, especially in the economies of...

This paper explores factors of economic decline in the small republican economies of the former USSR. It develops quantitative estimates of the costs of major transitional shocks for Armenia during the early transition, including the direct impact of terms of trade shock (price shock), direct...

The paper looks at the transformation of intergovernment fiscal relations from the point of view of a regional administration in Russia. It also describes changes in local fiscal management. The Yaroslavl region faces a set of budgetary problems typical for Russian regions in the transition,...