The statute of the Council of Mutual Economic Assistance (CMEA) assigns to the institutions of the council the task to promote the process of specialization and cooperation in the production sector of the national economies. The development of the relations between the member countries indicates...

The countries of Central and Eastern Europe went from being largely closed to being largely open to international capital flows. This paper discusses their experience with capital account liberalization and coping with large capital inflows. We start with a discussion of basic economic...

Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate...

As the Asian economies have grown larger and become more complex, they have also become more integrated at both the regional and the subregional level. Yet although economic integration has increased, regionalism in the sense of economic cooperation at both the pan-Asian and subregional levels...

As the Asian economies have grown larger and become more complex, they have also become more integrated at both the regional and the subregional level. Yet although economic integration has increased, regionalism in the sense of economic cooperation at both the pan-Asian and subregional levels...