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The performance of labor markets is important both for the smooth functioning of the economy, and in providing accurate signals about labor supply and demand to the education and training sector. This examination of Bank country economic and sector reports from 1985-90 finds increasing attention to labor market issues over time. Wages and unemployment are the issues most often and most thoroughly treated in economic reports. Issues are treated most often and comprehensively in rapidly-growing countries with high levels of human resource development (high primary enrollment rates). While the Bank has given attention to labor market issues in the analysis of country economic and education sector reports, these issues have not been accorded priority in the policy dialogue with governments. The best predictor of attention to labor market issues in the policy dialogue is through analysis. More attention to labor markets early in the Bank-country dialogue will help build support for politically-sensitive labor market reforms and lead to better integration of labor market issues into the policy dialogue.
Contributors from Russia, the Ukraine, and Western Europe study how international investors have decided whether and in which sectors to invest in the transitional economies of the former Soviet Union and Eastern Europe. Despite its key role, the authors of these nine papers concede that the impact of foreign direct investment (FDI) on domestic investment, production, and stability is complexly indirect. Tables furnish data on GDP, FDI specifics, and related economic indicators. Based on a report to the European Commission: Foreign Investment in the Former Soviet Union: a Key to Investment Efficiency in the Late Transition Period. Annotation copyrighted by Book News, Inc., Portland, OR
This volume identifies and analyses the extent to which Russia and the other Soviet successor states are likely to attract inward foreign direct investment (FDI) to the turn of the century and beyond. Although these countries have been growing recipients of FDI, Western multinationals remain cautious, and have to date been slow to commit large investment sums. The book binds together the current theoretical knowledge of foreign capital and technology transfers to Eastern Europe with a close examination of the investment strategy of multinationals in six successor states, namely the Russian Federation, Ukraine, Kazakhstan, Estonia, Latvia and Lithuania. The book assembles a group of internationally respected contributors, who have made a distinct contribution to our understanding of multinationals operating in the area.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
This book challenges the common perception of authoritarian regimes as incompatible with federalism and decentralization. It examines how the leaders of Russia, Ukraine, and Kazakhstan have managed to exploit federalism and decentralization as useful instruments to help them preserve control, avoid political instability, and to shift blame to the regional authorities in times of crises and policy failures. The authors explain how post-Soviet authoritarian regimes balance the advantages and risks and emphasize the contradictory role of external influences and threats to the institutional design of federalism and decentralization. Advancing our understanding of how the institutions of federalism and decentralization are skillfully constrained, but at the same time used by authoritarian incumbents, they show that federalism and decentralization matter in non-democracies, though the nondemocratic character of the political systems greatly modifies their effects. The authors show the implication of the COVID-19 crisis and current Russian war against Ukraine for the center-regional relations in Russia, Ukraine, and Kazakhstan. This book will be of interest to scholars and students of post-Soviet politics, decentralization, federalism, and modern authoritarianism.
The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration with the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Liberalization of trade and prices came quickly, but institutional reforms—such as governance reform, competition policy, privatization and enterprise restructuring—often faced opposition from vested interests. The results of the first years of transition were uneven. All countries suffered high inflation and major recessions as prices were freed and old economic linkages broke down. But the scale of output losses and the time taken for growth to return and inflation to be brought under control varied widely. Initial conditions and external factors played a role, but policies were critical too. Countries that undertook more front-loaded and bold reforms were rewarded with faster recovery and income convergence. Others were more vulnerable to the crises that swept the region in the wake of the 1997 Asia crisis.
This book discusses the ideological and historical relevance of the term ‘Eurasia’ as a concept in the global geopolitical and ethno-cultural discourse. It focuses on the contested meanings attached to the idea and traces its historical evolution and interpretations. The volume examines the contours and characteristics of power politics in the Eurasian landscape by exploring the dynamics of the contending and competing interests that have come to occupy the region, particularly in the aftermath of the disintegration of the Soviet Union. It further examines the multiple narratives that define the socio-political realities of the region and also the policies of the state actors involved, by reflecting upon the multifaceted dimensions of the Eurasian issues. These include nation building strategies, identity, ethnic conflicts, security, democratization, globalization, international migration, climate change and energy extraction. The geopolitical and civilizational aspects of Eurasianism, in which Russia occupies a pivotal geo-political place creates both opportunities and anxieties for other stakeholders in the region. The book also holistically analyses the developmental dimensions of the post-Soviet space and ‘Eurasianism’ as a concept and political practice in domestic, regional and global affairs. The book also analyses the developmental dimensions of the post-Soviet space and ‘Eurasianism’ as a concept and political practice in domestic, regional and global affairs.
The wide variation in transition economies raises questions about differences in economic growth, the applicability of transition policies, and the advantages of economic reform. This report seeks to answer these questions.