Regional Economic Issues Special Report 25 Years of Transition is popular PDF and ePub book, written by Mr.James Roaf in 2014-10-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Regional Economic Issues Special Report 25 Years of Transition can be Read Online from any device for your convenience.
Regional Economic Issues Special Report 25 Years of Transition Book PDF Summary
The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration with the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Liberalization of trade and prices came quickly, but institutional reforms—such as governance reform, competition policy, privatization and enterprise restructuring—often faced opposition from vested interests. The results of the first years of transition were uneven. All countries suffered high inflation and major recessions as prices were freed and old economic linkages broke down. But the scale of output losses and the time taken for growth to return and inflation to be brought under control varied widely. Initial conditions and external factors played a role, but policies were critical too. Countries that undertook more front-loaded and bold reforms were rewarded with faster recovery and income convergence. Others were more vulnerable to the crises that swept the region in the wake of the 1997 Asia crisis.
Detail Book of Regional Economic Issues Special Report 25 Years of Transition PDF
- Author : Mr.James Roaf
- Release : 17 October 2014
- Publisher : International Monetary Fund
- ISBN : 9781498332187
- Genre : Business & Economics
- Total Page : 72 pages
- Language : English
- PDF File Size : 11,6 Mb
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