New Hungarian government prescribes bitter medicine (by S. Richter; pp. 1-2) Keywords Hungary, crisis, fiscal … Eastern Europe restructuring and prospects (by J. Poznanska; pp. 3-8) Keywords steel industry, restructuring, crisis Countries … covered CEE, CIS Topics Industry Transition unanswered questions (by A. K. Kozminski; pp. 9-14) Keywords transition, post …

economic, crises during the 1990s. We find that the severity of crisis has a positive impact on the subsequent pace of economic …

and high domestic indebtedness, like the United States. Those countries undergoing a major structural crisis and a …

recession has been questioned. In this article, we argue that this crisis entailed a deep transformation in the socio … intense R&D effort, and, finally, the transition from the industrial districts paradigm to the global value chains one. …