The Future of CIS and CEE Countries

26 Pages Posted: 18 Sep 2018

See all articles by Torbjörn Becker

Torbjörn Becker

Stockholm School of Economics - Stockholm Institute of Transition Economics (SITE)

Helena Schweiger

European Bank for Reconstruction and Development (EBRD) - Office of the Chief Economist

Igor Livshits

Federal Reserve Bank of Philadelphia; University of Western Ontario - Department of Economics

Bas Berend Bakker

International Monetary Fund (IMF)

Tymofiy Mylovanov

Kyiv School of Economics

Date Written: October 2018

Abstract

This article is based on a panel discussion on the future of transition countries 25 years after the dissolution of the Soviet Union. All the contributors have long professional and personal experience of various aspects of the transition process so far and provide different perspectives on what to expect for the region in the future. However, the need for continued reform in many areas of the respective economies are highlighted to ensure inclusive and sustainable growth in the future. A continued focus on enhancing productivity is the key to future economic success. Investments in human and physical capital need to be complemented with strengthening the fundamental institutions that make such investments possible and desirable for all relevant stakeholders. It will not be an easy reform process, but the alternatives are much less desirable for the vast majority of people in these countries.

Keywords: Transition, political economy, banking reform, survey data

Suggested Citation

Becker, Torbjörn and Schweiger, Helena and Livshits, Igor and Bakker, Bas Berend and Mylovanov, Tymofiy, The Future of CIS and CEE Countries (October 2018). Economics of Transition, Vol. 26, Issue 4, pp. 801-826, 2018. Available at SSRN: https://ssrn.com/abstract=3250904 or http://dx.doi.org/10.1111/ecot.12166

Torbjörn Becker (Contact Author)

Stockholm School of Economics - Stockholm Institute of Transition Economics (SITE) ( email )

P.O. Box 6501
S-113 83 Stockholm, 11383
Sweden

Helena Schweiger

European Bank for Reconstruction and Development (EBRD) - Office of the Chief Economist ( email )

One Exchange Square
London EC2A 2JN
United Kingdom

HOME PAGE: http://www.helenasch.net

Igor Livshits

Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States

University of Western Ontario - Department of Economics ( email )

London, Ontario N6A 5B8
Canada

Bas Berend Bakker

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Tymofiy Mylovanov

Kyiv School of Economics ( email )

vul. Yakira, 13, 3d floor, suite 334
Kyiv, 04119
Ukraine

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