In this paper we wish to suggest that: "obsession" with competitiveness and trade openness, together with "hands off" type of economic policy, may hardly lead a country towards "real income" convergence on her long-run development path. Moreover, such an obsession may have deflationary impact...

This paper provides comparative analysis of the proximate causes of growth of South East European, Central European and Former Soviet Union countries. The first section covers comparative sources of growth analysis for GDP. Apart from this conventional sources-of-growth analysis, both the demand...