Regional vs. Global Public Goods: The Case of Post-Communist Transition
The paper discusses the role of regional public goods vs. global goods in influencing postcommunist transition in Central and Eastern Europe and former USSR with special attention given to three particular factors: (i) external anchoring of national reform process; (ii) international trade arrangements and (iii) international financial stability. Our main finding is that that the EU, through the Eastern enlargement process, acted as the very effective regional public (club) good provider, whose influence across time and countries was correlated with better transition outcomes. In particular, the consolidation phase in democratization, institution building and structural transformation was successful in countries reforming under EU accession conditionality, but not under other forms of conditionality provided, for example, by the Bretton Woods institutions, . In the area of trade, gains from WTO accession were dwarfed by the impact of the opening of the EU trading block for accession countries. Finally, countries participating in EU integration showed more discipline in maintaining macroeconomic stability, while IMF programs were less effective in inducing stability in the absence of the European factor. This the main reason why CIS countries which got neither the EU accession perspective, nor even trade liberalization offer on the EU lag behind Central European, Baltic and Balkan countries in terms of democratization, rule of law, institutional stability and market-oriented economic reforms. However, due to observed ‘enlargement fatigue’ in the incumbent EU, the future attractiveness of the EU integration perspective and strength of the accessionassociated incentive system (in respect to countries of Western Balkans, CIS and Turkey) comes under question. There is also unclear whether European experience in providing regional public goods can be easily repeated in other geographic regions and to which extended can be used by the providers of global public goods.
|Date of creation:||2007|
|Contact details of provider:|| Postal: Aleja Jana Pawla II, 61, 01-031 Warsaw|
Phone: +48 22 206 29 00
Fax: +48 22 206 29 01
Web page: http://www.case-research.eu/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Barry Eichengreen & Ricardo Hausmann, 1999.
"Exchange Rates and Financial Fragility,"
NBER Working Papers
7418, National Bureau of Economic Research, Inc.
- Barry Eichengreen & Ricardo Hausmann, 1999. "Exchange rates and financial fragility," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 329-368.
- M Dabrowski & Stanislaw Gomulka & J Rostowski, 2000.
"Whence Reform? A Critique of the Stiglitz Perspective,"
CEP Discussion Papers
dp0471, Centre for Economic Performance, LSE.
- Marek Dabrowski & Stanislaw Gomulka & Jacek Rostowski, 2001. "Whence reform? A critique of the stiglitz perspective," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 4(4), pages 291-324.
- Marek Dabrowski & Stanislaw Gomulka & Jacek Rostowski, 2000. "Whence reform? A critique of the Stiglitz perspective," LSE Research Online Documents on Economics 20167, London School of Economics and Political Science, LSE Library.
- Anders Åslund & Peter Boone & Simon Johnson, 1996. "How to Stabilize: Lessons from Post -communist Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(1), pages 217-314.
- de Melo, Martha & Denizer, Cevdet & Gelb, Alan, 1996. "From plan to market : patterns of transition," Policy Research Working Paper Series 1564, The World Bank.
- Jacek Rostowski, 2004. "The Stability and Growth Pact - Essential and Unfeasible," CASE Network Studies and Analyses 0275, CASE-Center for Social and Economic Research.
- Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
- Alessandra Casella & Barry Eichengreen, 1994.
"Can Foreign Aid Accelerate Stabilization?,"
NBER Working Papers
4694, National Bureau of Economic Research, Inc.
- Roland, Gérard & Verdier, Thierry, 2000.
"Law Enforcement and Transition,"
CEPR Discussion Papers
2501, C.E.P.R. Discussion Papers.
- Roland, G. & Verdier, T., 2000. "Law Enforcement and Transition," DELTA Working Papers 2000-25, DELTA (Ecole normale supérieure).
- Gerard Roland & Thierry Verdier, 1999. "Law Enforcement and Transition," William Davidson Institute Working Papers Series 262, William Davidson Institute at the University of Michigan.
- Charles Wyplosz, 2005. "Has Europe Lost its Heart?," CASE Network Studies and Analyses 0293, CASE-Center for Social and Economic Research.
- S. Fisher & R. Sahay & C. A. Vegh, 1997.
"Stabilization and Growth in Transition Economies: The Early Experience,"
N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 5, pages -.
- Stanley Fischer & Ratna Sahay & Carlos A. Vegh, 1996. "Stabilization and Growth in Transition Economies: The Early Experience," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 45-66, Spring.
- Stanley Fischer & Carlos A. VÃ©gh Gramont & Ratna Sahay, 1996. "Stabilization and Growth in Transition Economies; The Early Experience," IMF Working Papers 96/31, International Monetary Fund.
- Fischer, Stanley & Sahay, Ratna & Vegh, Carlos, 1996. "Stabilization and growth in transition economies: The early experience," MPRA Paper 20631, University Library of Munich, Germany.
- Peter Isard & Allan Drazen, 2004. "Can Public Discussion Enhance Program Ownership?," IMF Working Papers 04/163, International Monetary Fund.
- Maurice Obstfeld & Kenneth Rogoff, 1995.
"The Mirage of Fixed Exchange Rates,"
Journal of Economic Perspectives,
American Economic Association, vol. 9(4), pages 73-96, Fall.
- Maurice Obstfeld & Kenneth Rogoff, 1995. "The mirage of fixed exchange rates," Working Papers in Applied Economic Theory 95-08, Federal Reserve Bank of San Francisco.
- Maurice Obstfeld & Kenneth Rogoff, 1995. "The Mirage of Fixed Exchange Rates," NBER Working Papers 5191, National Bureau of Economic Research, Inc.
- Vito Tanzi, 2005. "Fiscal policy and fiscal rules in the European Union," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 6(3), pages 57-64, October.
- Roman Mogilevsky, 2004. "CIS-7 Perspective on Trade with EU in the Context of EU Enlargement," CASE Network Studies and Analyses 0282, CASE-Center for Social and Economic Research.
- M. Dewatripont & G. Roland, 1992. "Economic Reform and Dynamic Political Constraints," Review of Economic Studies, Oxford University Press, vol. 59(4), pages 703-730.
- Sandler,Todd & Hartley,Keith, 1999.
"The Political Economy of NATO,"
Cambridge University Press, number 9780521638807, October.
- Dabrowski, Marek, 1996. "Different strategies of transition to a market economy : how do they work in practice?," Policy Research Working Paper Series 1579, The World Bank.
- Gérard Roland, 2000.
"Transition and Economics: Politics, Markets, and Firms,"
MIT Press Books,
The MIT Press,
edition 1, volume 1, number 0262182033.
- Gérard Roland, 2004. "Transition and Economics: Politics, Markets, and Firms," MIT Press Books, The MIT Press, edition 1, volume 1, number 026268148x.
- Guillermo A. Calvo & Carmen M. Reinhart, 2002.
"Fear of Floating,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 117(2), pages 379-408.
- Susan Milcher & Ben Slay, 2005. "The economics of the 'European Neighbourhood Policy': An initial assessment," CASE Network Studies and Analyses 0291, CASE-Center for Social and Economic Research.
- Fernandez, Raquel & Rodrik, Dani, 1991. "Resistance to Reform: Status Quo Bias in the Presence of Individual-Specific Uncertainty," American Economic Review, American Economic Association, vol. 81(5), pages 1146-1155, December.
- Sandler, Todd & Hartley, Keith, 1999. "The Political Economy of Nato: Past, Present, and into the 21st Century," Staff General Research Papers Archive 1441, Iowa State University, Department of Economics.
- Marek Dabrowski, 1995. "The Reasons of the Collapse of the Ruble Zone," CASE Network Studies and Analyses 0058, CASE-Center for Social and Economic Research.
- International Monetary Fund, 2000. "Growth Experience in Transition Countries, 90-98," IMF Occasional Papers 184, International Monetary Fund.
- Vito Tanzi, 2005. "Fiscal Policy and Fiscal Rules in the European Union," CASE Network Studies and Analyses 0301, CASE-Center for Social and Economic Research.
- Allan Drazen & Peter Isard, 2004. "Can Public Discussion Enhance Program Ownership?," NBER Working Papers 10927, National Bureau of Economic Research, Inc.
- Bennett T. McCallum, 1999. "Theoretical Issues Pertaining to Monetary Unions," NBER Working Papers 7393, National Bureau of Economic Research, Inc.
- Fabrizio Coricelli, 2005. "Design and Implementation of the Stability and Growth Pact: The Perspective of New Member States," CASE Network Studies and Analyses 0304, CASE-Center for Social and Economic Research.
- Aslund Anders, 1994. "Lessons of the First Four Years of Systemic Change in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 22-38, August.
When requesting a correction, please mention this item's handle: RePEc:sec:cnstan:0336. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Agata Kwiek)
If references are entirely missing, you can add them using this form.