The Europe and Central Asia (ECA) region has been hit by a crisis on multiple fronts. Countries in ECA are facing major, interrelated, external macro-financial shocks. The first is the global growth slowdown leading to falling export market demand. In addition, the prospects for inflows of...

The financial crisis and economic downturn threatens the welfare of more than 160 million people who are poor or are just above the poverty line in the economies of Eastern and Central Europe, the former Soviet Union, and Turkey. This note concerns the findings of recent World Bank analysis...

Two years after the Polish "Big Bang," privatization In Eastern Europe, the cornerstone of transition, has been progressing at a slow pace which frustrates many reformers in these countries. Notwithstanding the considerable growth of private firms from new entry, the relative number of...

The paper considers the various theoretical and practical arguments for and against the role of employee ownership in privatisation of state enterprises in Eastern and Central Europe. It argues that employee ownership should not be regarded as an end per se but one of the possible methods of...