: Paving the Way in Europe and Central Asia focuses on the second goal and proposes a framework that integrates both … run. Over the long run, redistribution policies that increase the productive capacity of the bottom 40 percent enhance the … overall growth potential of the economy. This report considers shared prosperity in Europe and Central Asia and concludes that …

During the 1990s, Emerging Europe and Central Asia (ECA) opted for a model of rapid financial development focused on …