Globalization & Catching-up in Transition Economies

Globalization and post-communist transition are currently two of the most important economic issues. Kolodko considers the links between them, and the way forward for post-socialist economies.

Introduction Globalization and Postsocialist Transformation Transitional Recession and the Great Depression of the 1990s Different Paths of Contractions, Recovery and Growth Policy Response and the Role of Institution-building Market Imperfections and the New Role of the Government Small versus Big Government and the Quest for Equitable Growth External Shocks and the Catching-up Process Passive Scenarios and Active Policies for the 21st Century Policy Conclusions