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The contributors to this volume analyze the general problems of economic transition in countries of the former Eastern bloc: changing the ownership structure, abolishing the command economy, and integrating with the world economy. Because unique political, economic and social conditions in each nation require individual policy solutions, the contri

The recent financial and political crises in the world sent severe shocks through emerging economies in Central and Eastern Europe (CEE) and the former Soviet Union (FSU). Although these crises are regrettable events that caused so much suffering to so many people, we must embrace the opportunity to scrutinize this defining moment in the history of the world economy to learn from it and discover many valuable facts that are of great significance to contemporary economics and the international community. This volume, which explores the economic impact of the crises on emerging markets in the...