The purpose of this paper is to analyze the sources, economic and social characteristics, of growth recovery, which followed the first period of output decline in two transition countries – Poland and Russia. They represent two different groups of transition countries (new EU member states vs....

This article describes Kyrgyzstans achievements in the stabilization and liberalization of the economy and the majority of progress in this area that occurred in the first half of 1994. One may include Kyrgyzstan in the group of states that have adopted the radical variant of transition to...

The political and economic collapse of communism in the Eastern Europe and the former Soviet Union has created enormous challenge for Western democracies. The challenge has been not that of providing financial developmental aid although it is very important for countries facing the double...

The goal of this article is the presentation of the general results of the Russian economic reforms in the period from November 1991 to November 1992, with particular emphasis on macroeconomic policy and the failed attempts at fiscal stability. Such a profile of the article results from the...

This paper provides an overview of public expenditures on education and healthcare in Belarus, Georgia, Kyrgyzstan, Moldova, Russia, Ukraine and some other countries of the former Soviet Union before and during the global financial crisis. Before the crisis, the governments of these countries...

The revolutionary events of January and February 2011 opened the door for democratic transition in Egypt, but the road to a stable and sustainable democracy will be long and full of challenges. However, the macroeconomic environment post-revolution has become increasingly worrying as a result of...

The public debt crisis is not limited to Greece or to the Euro area but includes several developed economies. Thus, suggesting that the Eurozone is undergoing a currency crisis or is in danger of disintegration is not the right diagnosis. However, if prudent fiscal policies, fiscal discipline...

The U.S. economy’s rapidly growing trade and current account deficits and systematic weakening of the dollar against the Euro and other currencies raised several concerns about its future as the global reserve currency. Skeptics of the U.S.’s enduring economic and political power...

The new European Union (EU) economic governance package released by the European Commission on September 29, 2010 includes two major components, i.e., changes and amendments to the Stability and Growth Pact (SGP) and new regulation on the prevention and correction of macroeconomic imbalances...

The negotiations on the Association Agreement (AA) between the European Union (EU) and Ukraine, including its trade component, i.e., the Deep and Comprehensive Free Trade Agreement (DCFTA), were completed in December 2011. The agreement is practically ready to be signed, if the EU’s...