Transforming The European Economy

The transformation from a closed and inward-looking economy to an active integration into the European Union is one which a number of countries are facing. This book examines the experience of southern European countries where such transformation has occurred within a short space of time and has been accompanied by important socio-political developments including the consolidation of democracy. The various contributors focus on the motivation for economic change, the problems encountered and the lessons to be learnt.

​This edited volume discusses critically the social implications of current structural transformations in Europe within the broader context of the global financial crisis. Experts from across Europe and the US discuss challenges and solutions to political and economic stability, security, growth, governance and integration on a country and regional level, especially focusing on vulnerable Southern and Eastern European states. New economic, political and security processes and realities are examined closely, with the aim to describe them in a coherent framework. Drawing on carefully selected interdisciplinary research, this collection offers fresh insights into the social repercussions of the transition from traditionally established practices and perceptions to new forms of collaboration, integration and governance.

The global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations. Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other. This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.

The design of infrastructure policies is a controversial issue in the transition economies of Eastern Europe, where the dismal state of infrastructure was widely regarded to be one of the major obstacles to economic recovery and sustained growth. With the imminent enlargement of the EU, Christian von Hirschhausen provides a detailed, reflective analysis of the state of infrastructure development in Eastern Europe.

This volume provides an up-to-date account of how the process of economic transition in Eastern Europe is unfolding from the point of view of Eastern European economists assessing their native economies. The authors have personally experienced the frustrations of the previous Stalinist system of central planning and public ownership, as well as the difficulties and pitfalls of designing new systems based on markets and private ownership. The book focuses on the three countries of Eastern Europe leading the reform efforts--Czechoslovakia, Hungary, and Poland--and points out similarities and differences in their reform strategies. Although the stories of economic change in Eastern Europe have dominated news headlines, the real challenges of designing and maintaining viable economies are just beginning. The analysis in this volume will be of interest to those in the academic and policy-making communities.

The EU has undergone a deep transformation in the last 25 years. The goals adopted by the EU at the international level in climate negotiations have led to the internal adoption of goals by the EU member states. The book examines the changes experienced by the European Union that have gone on in parallel to its leadership in climate negotiations since 1992 and analyses whether combating climate change has contributed to the transformation of European policies.The book takes an in-depth look at the greenhouse gases (GHG) emissions reduction goals adopted by European states, the leadership of the EU in climate negotiations, the creation of the Energy Union, the commitment to a model of sustainable development, the promotion of a circular economy and the enhancement of cities, as relevant actors in the reduction of emissions and boosting of sound environmental practices.

This book identifies, diagnoses and evaluates social and economic processes taking place in the rural areas of Central and Eastern Europe (CEE) states in the last 25 years and affecting the immediate future, with a particular focus on their spatial diversity. It addresses questions related to the rationality of the current development policy and possible results in the future. Contemporary processes of socio-economic development are typified by the fact that spatial and regional disparities are tending to increase. This unfavourable phenomenon manifested both in society and in terms of polarised space needs to be counteracted using an effective development policy. The book highlights issues concerning demography, functional structure and non-agricultural activity, and identifies new challenges arising from membership of the European Union (EU). Accession to the EU and the opportunity to implement support measures has further increased the dynamism of transformation – a process that proceeded under various scenarios and different regulations and assumptions that have yet to be identified and evaluated. Furthermore, the current internal policies of individual CEE states concerning rural areas are diverse and likely to affect differential future development. The book is based on the knowledge and experience of scientists from countries in the region investigated, who have the best understanding of the subject matter and have observed the transformations. It is intended for researchers exploring the development of the countryside and practitioners dealing with regional and national development policies targeting rural areas.