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Structural Change and Transformation within the Transition Economies

In: Trade, Development and Structural Change

Author

Listed:
  • Anca M. Voicu

    (Rollins College)

  • Somnath Sen

    (The University of Birmingham)

  • Inmaculada Martinez-Zarzoso

    (University of Göttingen
    Institute of International Economics University Jaume I)

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.

Suggested Citation

  • Anca M. Voicu & Somnath Sen & Inmaculada Martinez-Zarzoso, 2018. "Structural Change and Transformation within the Transition Economies," Studies in Economic Transition, in: Trade, Development and Structural Change, chapter 7, pages 153-181, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-349-59005-6_7
    DOI: 10.1057/978-1-349-59005-6_7
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