The paper addresses the question of macroeconomic environment and its impact on economic reforms in electricity sector of CEE countries that have become new EU Member States and SEE countries. The research is based on the thesis that macroeconomic drivers and macroeconomic context of the...

It has recently become customary to argue that Russian economic transformation since 1991 has failed because of bad policy advice and mistaken policy choices. Though Russia's performance leaves much to be desired, such criticisms are based on a failure to analyse the real choices available to...