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Globalization and Catching-Up; From Recession to Growth in Transition Economies

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  • Grzegorz W. Kolodko

Abstract

The transitional recession in countries of Eastern Europe and the Former Soviet Union has lasted much longer than expected. The legacy of the past and recent policy mistakes have both contributed to the slow progress. As structural reforms and gradual institution building have taken hold, the post-socialist economies have started to recover, with some leading countries building momentum toward faster growth. There is a possibility that in the wider context of globalization several of these emerging market economies will be able to catch up with the more advanced industrial economies in a matter of one or two generations.

Suggested Citation

  • Grzegorz W. Kolodko, 2000. "Globalization and Catching-Up; From Recession to Growth in Transition Economies," IMF Working Papers 00/100, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:00/100
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    Citations

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    Cited by:

    1. Nikolay Nenovsky & Kalina Dimitrova, 2002. "Dual Inflation Under the Currency Board: The Challenges of Bulgarian EU Accession," William Davidson Institute Working Papers Series 487, William Davidson Institute at the University of Michigan.
    2. Groh, Alexander P. & Liechtenstein, Heinrich & Canela, Miguel A., 2008. "Limited partners' perceptions of the Central Eastern European venture capital and private equity market," IESE Research Papers D/727, IESE Business School.
    3. Groh, Alexander Peter & von Liechtenstein, Heinrich, 2009. "How attractive is central Eastern Europe for risk capital investors?," Journal of International Money and Finance, Elsevier, vol. 28(4), pages 625-647, June.
    4. D. Mario Nuti, 2000. "The Costs and Benefits of Euro-sation in Central-Eastern Europe Before or Instead of EMU Membership," William Davidson Institute Working Papers Series 340, William Davidson Institute at the University of Michigan.
    5. Süppel, Ralph, 2003. "Comparing economic dynamics in the EU and CEE accession countries," Working Paper Series 267, European Central Bank.
    6. Arratibel, Olga & Rodriguez-Palenzuela, Diego & Thimann, Christian, 2002. "Inflation dynamics and dual inflation in accession countries: a 'New Keynesian' perspective," Working Paper Series 0132, European Central Bank.
    7. Grzegorz W. Kolodko, 2001. "Postsocialist Transformation," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 147-159.
    8. Roland Gillet & Yves Wagner, 2002. "Les phénomènes de globalisation," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(1), pages 115-130.

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