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Achieving Rapid Growth in the Transition Economies of Central Europe

Jeffrey D. Sachs; Andrew M. Warner

Title:
Achieving Rapid Growth in the Transition Economies of Central Europe
Author(s):
Sachs, Jeffrey D.
Warner, Andrew M.
Date:
Type:
Working papers
Department:
Earth Institute
Permanent URL:
Part Number:
544
Publisher:
Harvard Institute for International Development
Publisher Location:
Cambridge, Mass.
Abstract:
The preeminent economic challenge for Central European economies in transition is to grow rapidly for a sustained period of time. On current policies, the Central European economies can expect to grow at moderate rates, faster than Western Europe, but far short of the rapid growth rates achieved in the very fast growing economies (VFGEs) in Asia and elsewhere. This paper discusses the sources of rapid growth in the VFGEs, and the ways in which Central Europe could emulate key aspects of the economic policies of the VFGEs in order to raise the growth rates of the Central European economies.
Subject(s):
Economics
East European studies
Item views:
283
Metadata:
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