Twelve of the 29 transition economies in Europe and Central Asia are high remittance recipients, with average remittance receipts equivalent to 5 percent or more of their gross domestic product in the 2010s. The paper examines the evolution, during the 2000s and 2010s, of real unit labor costs,...

An original and insightful book, this work focuses on domestic and overseas firms operating in those Central Asian and Eastern European countries considered to be the transitional economic periphery. Chapters shed light on their distinct forms of capitalism, and how it influences and adapts the...

1. Economics of transition in the new century : lessons learned and a future outlook -- 2. Fiscal policy in the newly opened economies : are there twin deficits? -- 3. Fiscal policy sustainability in transition : is it there? -- 4. Innovative fiscal policy : the how, when and why of borrowing...