The paper examines labor market developments in the four hard-peg European Union (EU) accession candidates during transition, with a view toward understanding the persistent high unemployment experienced in each country. Despite the significant levels of unemployment in all four countries, labor market developments suggest that the strongest and earliest reformers have had the best labor market performance as well. It is crucial that all four countries continue their policies aimed at encouraging investment and job creation. Accession to the EU will present challenges to labor markets.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Inspired by a life-long passion for travel, Stuart McMillan embarked on a journey of over 2,000km, crossing the continent from the Baltic Sea to the Balkan coast. The book provides personal observations and reflections on a fascinating world hidden for decades behind an Iron Curtain. It gives the reader a glimpse of how the history, culture, years of oppression and brutal wars have shaped these beautiful lands and the people who live there. Starting in Lithuania, a journey weaving through the beautiful and often mysterious Slavic lands all the way to Croatia - taking in Ukraine, Hungary, Serbia, Bosnia and Herzegovina. It includes travelling in a 44-degree heatwave; taking a short-cut via Moscow; experiencing a chaotic sleeper train out of Ukraine; coping with the failure of all air-conditioning and lighting on a long-haul train down to Serbia; learning about the legacy of both Nazi and Communist oppression; and seeing first-hand the scars and re-built splendour of Sarajevo and Mostar following the recent brutal, and often forgotten, Yugoslav wars. As well as recounting the beauty of the countries and cities visited, and reflecting on the years of oppression and wars that shaped the landscapes and cultures, it also captures the emotions of travelling alone for weeks through foreign lands – the freedom to experience so much of countries hidden away from the world for so long; the reliance on internal narrative for company; and the bouts of homesickness that often conflict with the author’s love of travel.
The Baltic countries have experienced sustained emigration over the past decade, contributing to population decline and a loss of working-age population. This book examines the impact of this emigration.
This book explains why governments respond differently to macroeconomic problems and why necessary reforms are sometimes delayed until a serious financial crisis erupts. It argues that voter vulnerability to different reform strategies varies, and that these vulnerabilities influence the type and timing of governments' policy responses to economic crises. Empirical analyses at both the individual level across a broad range of countries and case studies of national policy responses to financial and economic crises in Asia and Eastern Europe support the argument.
The recent boom-bust episode in Emerging Europe was largely the product of surges and sudden stops in capital inflows. This paper empirically argues that the sectors into which capital flows determines their impact on GDP growth. Applying data from EU New Member States, it is found that capital flows into real estate have a greater impact on swings in GDP than other sectors, irrespective of a country's exchange rate or fiscal policy. Consequently, as new waves of capital inflows spread to emerging markets, policies may usefully focus on supporting capital inflows towards economic sectors that minimize large swings in GDP.
Considers seventy House Concurrent Resolutions relating to the Soviet occupation of the Baltic states, including the political and cultural repression of ethnic minorities.
With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004.Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.
The Rough Guide to Estonia, Latvia and Lithuania is your ultimate travel guide to the Baltic States, with inspiring colour photos, clear maps and in-depth descriptions of everything from Tallinn's most atmospheric drinking dens to the countries' finest sandy beaches and the best nature trails. Dip into the full colour introduction to get an idea of the highlights of Estonia, Latvia and Lithuania. The guide itself features definitive accounts of the fascinating capital cities of Tallinn, Vilnius and Riga, as well as full coverage of smaller towns and villages and the distinctive landscapes of lakes, forests and national parks, and practical advice to help your travels run smoothly. It also contains tips on the best places for hiking, canoeing and birdwatching, as well as detailed maps for every region, and up-to-date reviews of accommodation, restaurants and nightlife. Two new-look colour sections give the lowdown on food and drink and the great outdoors. This new edition also features a handy events calendar to help plan your trip across the Baltics to coincide with the best events - there's everything from jazz, ballet, chamber music and film festivals on offer throughout the year - as well as expert background on musical traditions, from the birth of Lithuanian free jazz to Estonia's first punk rock concert. Make the most of your holiday with The Rough Guide to Estonia, Latvia and Lithuania.
