Economic Liberalization and Integration Policy

1. Front Matter

   Pages I-VI

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2. Introduction

   • Harry G. Broadman, Tiiu Paas, J.J. Welfens

   Pages 1-5

3. The Regional Dimensions of Barriers to Business Transactions in Russia

   • Harry G. Broadman

   Pages 7-29

4. Macroeconomic Aspects of Opening up, Unemployment and Sustainable Growth in Transition Countries

   • Paul J.J. Welfens

   Pages 31-77

5. Sustainability of Growth and Development of Financial System in Russia

   • Evgeny Gavrilenkov

   Pages 79-104

6. The Transmission of Economic Fluctuations Between Russia, Europe, Asia and North America

   • Hans Gerhard Stroke, Noer Azam Achsani

   Pages 105-120

7. U.S.-Russian and U.S.-Ukrainian Trade Relations and Foreign Direct Investment Effect

   • Olga Nosova

   Pages 121-148

8. Inflation in the New Russia

   • Irina Eliseeva

   Pages 149-169

9. Russian Fuel and Energy Sector: Dynamics and Prospects

   • Ruslan Grinberg

   Pages 171-183

10. Russia’s Energy Strategy and the Energy Supply of Europe

    • Roland Götz

    Pages 185-200

11. Natural Resources and Economic Growth: From Dependence to Diversification

    • Thorvaldur Gylfason

    Pages 201-231

12. Corruption and Public Investment Under Political Instability: Theoretical Considerations

    • Frank Bohn

    Pages 233-244

13. Institutional Issues of Transport Policy Implementation in Russia

    • Nina Oding

    Pages 245-275

14. Human Capital and Growth: A Panel Analysis for the EU-15, Selected Accession Countries and Russia

    • Dora Borbély, Christopher Schumann

    Pages 277-297

15. Telecommunications, Trade and Growth: Gravity Modeling and Empirical Analysis for Eastern Europe and Russia

    • Albrecht Kauffmann

    Pages 299-331

16. Russia’s Integration Into the World Economy: An Interjurisdictional Competition View

    • Alexander Libman

    Pages 333-348

17. Panel Discussion: Perspective on Russia

    Pages 349-355

18. Back Matter

    Pages 357-360

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After the 1998 Russian economic crisis, there are new opportunities for sustained growth in many countries of the former Soviet Union. Against this backdrop, the authors of this book analyze the dynamics of macroeconomic and structural developments in Eastern Europe and Russia, with special attention paid to problems of international and national integration, "Dutch disease" and natural resource dependency, and distortions in institutional reforms. The analysis also sheds light on how these problems have implications for cooperation among OECD-countries. A critical focus is on institutional adjustment and learning, human capital formation, trade and foreign investment. The political economy challenges of stability and growth in the region are highlighted. New empirical findings and comparative policy analysis - including in the field of natural resource policy - are major elements in this publication.

• Economic Growth
• Economic Liberalization
• Energy Policy
• European Union (EU)
• Integration Policy
• International Reforms
• International Trade
• political economy

• World Bank, Washington DC, USA

  Harry G. Broadman

• Institute of Economics, University of Tartu, Tartu, Estonia

  Tiiu Paas

• EIIW — European Institute for International Economic Relations, University of Wuppertal, Wuppertal, Germany

  Paul J.J. Welfens

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