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Globalization: Trends, Challenges and Opportunities for Countries in Transition
| Title | Globalization: Trends, Challenges and Opportunities for Countries in Transition |
| Abstract | The paper starts out from the fact that globalization is a forceful and irreversible process - that is why future policy alternatives for countries and regions have to be analyzed in a global context. Development of East European economies in transition have to be viewed in this light. Although changes have been on the whole remarkable, two macroeconomic patterns have emerged. In more advanced countries rapid liberalization in connection with sound fiscal policies have resulted in macroeconomic stabilization. In less developed countries we had to witness a slow process of liberalization, budget constraints and inflation. In all cases additional structural reforms are necessary. In a second phase now at hand an emphasis must be laid on a changed role of government, enterprise sector reform, human resources development and improvement of the physical infrastructure. |
| Date | 2000 |
| Language(s) | English |
| Pages | 52 pages |
| Download the Report(52 pages/330 Kb) |