"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

"This paper uses firm-level data from the Business Environment and Enterprise Performance Surveys to study the process of convergence of transition countries with developed market economies. The study focuses on competition and market structure, finance and the structure of lending to firms, and...

Albert Hirschman developed his strategy of unbalanced growth in response to the postwar theories of the "big push," development planning, and balanced growth. Ellerman "translates" today's debate about the effectiveness of conditionality and adjustment lending back into the old debate about...