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

Author/Editor:

Grzegorz W. Kolodko

Publication Date:

June 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2000/100

Subject:

Emerging and frontier financial markets Financial markets Globalization Institutional arrangements for revenue administration Labor Macrostructural analysis Revenue administration Structural reforms

English

Publication Date:

June 1, 2000

ISBN/ISSN:

9781451852394/1018-5941

Stock No:

WPIEA1002000

Pages:

51

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