financial market integration. Focusing on the second transition, this paper reaches three conclusions. First, by several metrics …

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 …

Since the fall of the Berlin Wall the transition countries of Eastern Europe and the former Soviet Union have witnessed … and integration, migration and remittances, poverty and inequality and the challenges posed by aging populations. All the … are undertaking the transition to a market economy. …

-- Integration -- The Demographic Transition -- 1 The Elements of Economic Growth -- PART I: INNOVATION -- 2 Labor Productivity … Skills -- 5 Poverty -- Profile of the Poor -- Wages, Employment, and Distribution -- Public Transfers -- Caveats -- Well …-Being in Transition -- PART III: INTEGRATION -- 6 International Trade -- Direction of Trade -- Factor Composition of Trade …