This paper analyzes the direct and indirect income effects of international labor migration and remittances in selected CIS countries. The analysis is based on computable general equilibrium (CGE) models for Moldova, Ukraine, Georgia, Kyrgyzstan, and Russia. All net emigration countries would...

Foreign direct investment (FDI) has a significant role to play not only in the process of accelerating privatization, but in the development and strengthening of the emerging market economies of Central Eastern Europe (CEE). The inflow of FDI into Poland up to 1994 was marginal as compared to...

The first step towards the establishment of a banking sector geared to the market economy, the introduction of a two-tier banking system, has long since been taken by the countries of East Central Europe. A large number of shortcomings are still to be found in their banking systems, however, and...

Beyond the existing forms of East-West cooperation in Europe such as economic assistance, loans, joint ventures and association agreements, both sides are looking for suitable ways of establishing more institutionalized relations. Already existing institutions, membership of which could be...

When the Soviet Union was broken up at the end of 1991, the Russian Federation inherited a large industrial sector which was, however, hardly capable of surviving under market conditions. At about the same time market oriented reforms were begun. What has been accomplished so far? What are the...

In 1990 the privatisation debate in the ex-socialist countries advanced considerably. By now, the fundamental importance of private property for a market economy and the pitfalls of employee-ownership schemes are rarely disputed. Instead, the need for rapid privatisation and suitable methods of...

In the centrally planned economies of Eastern Europe, monetary policy played a subordinate role, there were no capital-market institutions and the banking system was single-tier. All this has to be changed in the transition to a market economy. The example of Hungary, which abolished the...

Among the former CMEA countries, some are moving faster and more radically toward the market system than others. Prof. Winiecki shows that the former will in future be in a better position to compete on world markets than those countries whose transition to the market system is incomplete or...

The reform programmes of most Eastern European countries have liberalized prices and taken on the task of macroeconomic stabilization, but the formation and implementation of structural policies has largely been neglected so far. What steps should the governments of Eastern Europe take to...