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Transition Economies after 2008 - Responses to the crisis in Russia and Eastern Europe (Paperback)
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Transition Economies after 2008 - Responses to the crisis in Russia and Eastern Europe (Paperback)
Series: Routledge Europe-Asia Studies
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The economic crisis of 2008, starting from the US banking crisis,
affected economic and political development in varied ways around
the world. This edited volume examines the impact of the crisis on
Eastern Europe and Russia, and the resulting policy responses.
Taken as a whole, the economies of the former state socialist
countries - frequently still referred to as transition economies -
were hit hard by the crisis, suffering falls in GDP in 2009 that
were deeper than the average around the world. However, there was
considerable variety in the effects on individual countries, whilst
some continuing to grow, others suffered quite exceptional falls in
output. Policy responses were also quite diverse and do not
obviously fit with the nature and severity of economic factors. The
more general impacts on political life were also varied. In many
cases very much the same governments continued in power, while in
others there were significant changes and signs of a growing
instability in party and political structures. The articles in this
book explore these differences between countries and set them in a
wider international context. This book was published as a special
issue of Europe-Asia Studies.
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