The last decades have witnessed the rise of a new wave of economic regionalism, the most remarkable example of which is the European Union. Regional economic integration is generally interpreted either as an attempt to resist the centrifugal forces of globalisation by strenghtening economic ties...

This paper examines the causes of the large buildup of enterprise arrears in Russia during 1992, and evaluates policy options to deal with them. Noting the experience of Eastern European countries, the paper emphasizes that the settlement of arrears through wholesale extension of credit would...

The rise and fall of multinational empires have indelibly transformed the political-economic history of Eastern Europe - redrawing its borders, recasting its economic institutions, and redefining the identities of its nations. Just as the political economy of interwar Eastern Europe was shaped...

Central and East European countries have expressed strong fears about Russian gas but did little to reduce dependence. However, recently some progress has been made in the diversification and increasing security of supply. The Russo–Ukrainian gas crisis in early 2009, together with the period...

The European Union (EU)’s enlargements of 2004 and 2007 signified a project without precedent, the expansion to the East being a manifestation of the EU’s foreign policy. After gaining full membership, the new Central and Eastern European EU members also tried to shape the Union’s foreign...