Transition Countries: Economic Situation in 2008 and the Progress of Market Reforms

Warsaw School of Economics World Economy Research Institute Working Paper No. 299

65 Pages Posted: 6 May 2011

See all articles by Ryszard Rapacki

Ryszard Rapacki

University of Memphis - Fogelman College of Business and Economics; Warsaw School of Economics

Zbigniew Matkowski

affiliation not provided to SSRN

Mariusz Próchniak

Warsaw School of Economics (SGH)

Date Written: 2009

Abstract

The aim of this study is to assess current economic situation of 28 post-socialist countries in Europe and Asia undergoing systemic transformation towards an open market economy, their macroeconomic policies and the progress of structural reforms. We focus on the situation prevailing in 2008 and the changes against the previous year, though some estimates regarding future prospects are also included. The focus in this analysis is on the impact of the global economic crisis on macroeconomic performance in the countries of the region. We also present the most recent projections of the basic macroeconomic indicators for 2009 and forecasts for 2010 and 2014, assuming a gradual recovery of world economy from the current crisis.

Keywords: post-socialist countries, transition countries, economic situation, macroeconomic policy, structural reforms

JEL Classification: O11, O57, P20

Suggested Citation

Rapacki, Ryszard and Matkowski, Zbigniew and Prochniak, Mariusz, Transition Countries: Economic Situation in 2008 and the Progress of Market Reforms (2009). Warsaw School of Economics World Economy Research Institute Working Paper No. 299, Available at SSRN: https://ssrn.com/abstract=1831133 or http://dx.doi.org/10.2139/ssrn.1831133

Ryszard Rapacki

University of Memphis - Fogelman College of Business and Economics ( email )

Memphis, TN 38152
United States

Warsaw School of Economics

al. Niepodleglosci 164
Warsaw
Poland

Zbigniew Matkowski

affiliation not provided to SSRN ( email )

Mariusz Prochniak (Contact Author)

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

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