Transition and International Financial Institutions

Dragoslav Avramovic

Chapter 9 in The International Monetary and Financial System, 1996, pp 229-241 from Palgrave Macmillan

Abstract: Abstract This paper assesses the course of economic events in Eastern Europe, including the former Soviet Union, since the upheaval of 1989. It reviews. the reasons for their economic crisis and their social effects, and discusses the views on ‘transition economics’ held by some influential economists and international institutions. It singles out the key problems facing these countries — unemployment, inflation and systemic uncertainty — and suggests that on present trends and policies most of these countries do not have a chance of satisfying the demands of their population for decent living standards, social security, economic stability and full employment in the near future.

Keywords: Eastern European Country; Economic Adviser; International Financial Institution; Soviet Economy; United Nations Economic Commission (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24414-0_9

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DOI: 10.1007/978-1-349-24414-0_9

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