For ten years, the countries of Central and Eastern Europe and the former Soviet Union have been transitioning to economies based on market principals. While there has been some success in this process, most of the Commonwealth of Independent States (Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, the Kyrgyz Republic, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan) continues to grapple with weak economies, low public confidence, and political instability. This study reviews the transition efforts of four of these countries - Albania, Azerbaijan, Kyrgyz Republic, and Moldova, in order to develop recommendations, which may benefit these and other countries in future transition efforts. Unfortunately, these countries have been unable to overcome obstacles such as war, banking crises, and pyramid schemes to achieve any sustainable success in terms of growth or poverty reduction. Further, the study suggests that significant additional investment and time is required for these countries to achieve success.
- ISBN10 6610088330
- ISBN13 9786610088331
- Publish Date 28 February 2002 (first published 1 January 2002)
- Publish Status Active
- Out of Print 20 March 2012
- Publish Country US
- Imprint World Bank Group
- Format eBook
- Pages 192
- Language English