Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/templates/ebrd-tr2012/index.php on line 120

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/includes/application.php on line 536

Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/templates/ebrd-tr2012/index.php on line 229

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/includes/application.php on line 536

Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/templates/ebrd-tr2012/index.php on line 239

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/includes/application.php on line 536

Transition Report 2013 Stuck in transition?

CH3 180sq

Facts at a glance

ALMOST
25
years after the start of the transition process, economic institutions in the transition region are, on average, still weaker than in other countries with comparable levels of income.

0.5 The correlation between measures of democracy and regulatory quality in a global sample of countries.

Cover 180sqV2

 

THE
3
-year period prior to accession saw a peak in terms of institutional improvements in EU accession countries.

OVER
33%
of Kyrgyz SMEs say that unofficial payments are required in everyday business.


Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/templates/ebrd-tr2012/index.php on line 342

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/includes/application.php on line 536

Deprecated: Non-static method JSite::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/templates/ebrd-tr2012/index.php on line 367

Deprecated: Non-static method JApplication::getMenu() should not be called statically, assuming $this from incompatible context in /home/frebrd08/public_html/tr-ebrd.com/2013/includes/application.php on line 536

Economic institutions

Macroeconomic environment

The above episodes took place under very different macroeconomic conditions, which may have had an impact on demand for reform and its implementation. In the Slovak Republic Dzurinda’s tenure began in a low-growth environment, from which the economy recovered as reforms began to attract foreign investment. In Romania the government’s 1997 reform programme coincided with a macroeconomic crisis that reflected the mismanagement of previous years. This highlighted the need for adjustment and reform, but the resulting collapse in output (which fell by a cumulative 11 per cent of GDP during 1997-98) made implementation even more difficult.

Ukraine found itself in the opposite situation, as the aftermath of the Orange Revolution coincided with a boom in capital flows to emerging markets. This allowed Ukraine to grow quickly during 2006-07, even in the absence of reform. The fact that the Rose Revolution happened prior to this boom may have benefited reforms in Georgia.

icon-toolsTools