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The economic and political transition in Central and Eastern Europe
has now entered its second decade. Although the post-communist
countries shared many similarities at the outset of the transition,
their economic and political experiences have been strongly
divergent. Some countries succeeded in stabilizing their economies
and are now set on course toward rapid growth, convergence, and
accession to the European Union. Others, however, experienced
severe and protracted recessions and their prospects for sustained
recovery are still doubtful. On the political front, the past
decade was marked similarly by important achievements but also
grave setbacks. While democracy became firmly embedded in a number
of post-communist countries, other transition countries reverted to
authoritarian rule and/or experienced breakdowns of law and order,
inter-ethnic conflicts, or even outright civil wars.
The economic and political transition in Central and Eastern Europe
has now entered its second decade. Although the post-communist
countries shared many similarities at the outset of the transition,
their economic and political experiences have been strongly
divergent. Some countries succeeded in stabilizing their economies
and are now set on course toward rapid growth, convergence, and
accession to the European Union. Others, however, experienced
severe and protracted recessions and their prospects for sustained
recovery are still doubtful. On the political front, the past
decade was marked similarly by important achievements but also
grave setbacks. While democracy became firmly embedded in a number
of post-communist countries, other transition countries reverted to
authoritarian rule and/or experienced breakdowns of law and order,
inter-ethnic conflicts, or even outright civil wars.
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