The reform programmes of most Eastern European countries have liberalized prices and taken on the task of macroeconomic stabilization, but the formation and implementation of structural policies has largely been neglected so far. What steps should the governments of Eastern Europe take to...

Foreign direct investment is an important catalyst for the economic changes in transition economies offering host countries external resources, technology, management, and access to foreign markets. It is therefore high on the public policy agenda in the transition economies of Central and...