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Internationalization and Economic Policy Reforms in Transition Countries (Paperback, 2005 ed.)
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Internationalization and Economic Policy Reforms in Transition Countries (Paperback, 2005 ed.)
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Edward M. Graham, Nina Oding and Paul J. J. Welfens Eastern Europe
and the former Soviet Union have achieved sustained economic growth
in first half of the new decade in the 2V^ century. EU ac cession
countries which have joined the EU have benefited mainly from high
capital inflows, a reduced risk premium - with shadow effects of
this already occurring in the years before explicit membership -
and growing trade. While system transformation has undermined trade
between Eastern Europe and Russia for several years there are
medium prospects for grow ing trade in the whole of Europe.
Russia's case, however, is different from the EU accession
countries as a major driving force of economic dynamics is the oil
and gas sector which has considerable backward and forward
linkages. At the same time this sector apparently is politically
quite sensi tive. The Transatlantic Transformation and Economic
Development Re search Group has organized several workshops within
a major interna tional research project. The project is devoted to
analyzing the internatio nalization of the Russian economy and the
associated changes in major policy fields. This book contains the
revised analytical papers from the St. Petersburg conference in
2003 when the city celebrated its 300 year anniversary. We are very
grateful to the Leontief Center for excellent organization of the
conference. The paper by Paul J. J.
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