While China shared many systemic, initial conditions with the transition economies of Central-East Europe (CEE) and the Commonwealth of Independent States (CIS), it had a more agricultural economy and a more stable political-economic system than many CEE and CIS countries. Unlike most of the CEE...

The elements of economic growth -- Aggregate labor productivity -- The evolution of employment -- Poverty, vulnerability, and safety nets -- The business environment -- The integration of the transition countries into the global economy -- Demographic change and migration

This paper examines the growth patterns of emerging Europe and the Commonwealth of Independent States (CIS) countries prior to the global financial crisis. The aim is to draw lessons on what policies can best position these countries going forward to enjoy growth without a buildup in macro and...