Since the end of the Cold War, developing a better framework to correctly recognize which direction globalization and the transition will take us has been necessary. The transition economies of China and Central Europe, in particular, hold significant implications for East Asian integration and...

Key Features:Investigates transition, regional development and globalization, with comparative analyses of China and Central Europe from interdisciplinary and global viewpointsFirst book in the English language literature to undertake this comparative analyses (although there have been several...

Contagion from East Asia imposed a severe "stress test" on the market-oriented reforms of transition economies. We find that the portfolio reallocations of investors differentiated sharply among these economies at the height of the East Asian turmoil, appearing clearly in the relative movements...