FREE

On September 5, 2011, we launch the FREE Policy Brief Series, a joint initiative by seven leading research institutes on transition and emerging markets. The aim is to provide short and informative analyses on current economic policy challenges based on academic research relevant to countries in Eastern Europe and in emerging economies more generally.

Author: Torbjörn Becker, SITE. Twenty years after transition began and the merits of “shock therapy” were argued the most hotly, (former) transition countries are hard hit by global shocks originating in Western market economies. Although discussions now focus on troubles in Western developed countries, countries in Eastern Europe and the CIS were particularly hard hit [...]