Structural Change and Transformation within the Transition Economies

Anca M. Voicu, Somnath Sen and Inmaculada Martínez-Zarzoso
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Anca M. Voicu: Rollins College
Somnath Sen: The University of Birmingham

Chapter 7 in Trade, Development and Structural Change, 2018, pp 153-181 from Palgrave Macmillan

Abstract: Abstract While previous chapters have concentrated on trade-related issues (including foreign direct investment and institutions with global values), we now consider the inter-dependencies that exist between foreign trade, European integration, economic development and structural change within the common framework of transition. The performance of Central and Eastern European Countries (CEECs) is a classic example of ‘diversity in unity’ where countries have faced differing economic environments and pursued different tactical and strategic policies while maintaining a common vision within the framework of market reforms. The dynamics of economic change, starting from early transition with high sunk costs, to the ‘big push’ forward given by membership of the European Union to the adverse impact of the Great Recession (the ‘big pull’ backward) is explained within a formal framework.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-1-349-59005-6_7

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DOI: 10.1057/978-1-349-59005-6_7

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