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Kolodko, former finance minister of Poland, considers the links between issues of globalization and post-communist transition, the two most important economic features of the turn of the century. He discusses the pattern of economic growth and contraction of the past fifty years, and reviews the options for the next half century. He accounts for the severity of the transitional recession in Eastern Europe and the former Soviet Union as a result of both the legacies of the past and current policy mistakes, but demonstrates how structural reforms and gradual institutional building have enabled some postsocialist economies to recover. He proposes that, within the wider context of globalization, several of these emerging market economies will be able to catch up with the more advanced industrial countries, but emphasizes the need for quality growth policies and continuing coordination between development strategies and efforts toward structural reform.

Grzegorz W. Kolodko is John C. Evans Professor in European Studies at the University of Rochester, and Director of TIGER -- Transformation, Integration and Globalization Economic Research -- at the Leon Kozminski Academy of Entrepreneurship and Management [WSPiZ].

Globalization --- Post-communism --- Economic aspects. --- Europe, Eastern --- Former Soviet republics --- Economic conditions --- Economic conditions. --- Post-communism. --- Economic history. --- Postcomunismo --- Globalización --- History, Economic --- Economics --- Postcommunism --- World politics --- Communism --- Aspectos económicos. --- Soviet Union --- Eastern Europe. --- Antiguas Repúblicas Sovieticas --- Europa Oriental --- East Europe --- Eastern Europe --- Russian S.F.S.R. --- Советский Союз --- Ber. ha-M. --- Związek Socjalistycznych Republik Radzieckich --- ZSRR --- Związek Socjalistycznych Republik Sowieckich --- ZSRS --- Szovjetunió --- TSRS --- Tarybų Socialistinių Respublikų Sąjunga --- SRSR --- Soi︠u︡z Radi︠a︡nsʹkykh Sot︠s︡ialistychnykh Respublik --- SSSR --- Soi︠u︡z Sovetskikh Sot︠s︡ialisticheskikh Respublik --- UdSSR --- Shūravī --- Ittiḥād-i Jamāhīr-i Ishtirākīyah-i Shūrāʼīyah --- Russia (1923- U.S.S.R.) --- Sovetskiy Soyuz --- Soyuz SSR --- Sovetskiĭ Soi︠u︡z --- Soi︠u︡z SSR --- Uni Sovjet --- Union of Soviet Socialist Republics --- USSR --- SSṚM --- Sovetakan Sotsʻialistakan Ṛespublikaneri Miutʻyun --- SSHM --- Sovetakan Sotsʻialistakan Hanrapetutʻyunneri Miutʻyun --- URSS --- Unión de Repúblicas Socialistas Soviéticas --- Berit ha-Moʻatsot --- Rusyah --- Ittiḥād al-Sūfiyītī --- Rusiyah --- Rusland --- Soṿet-Rusland --- Uni Soviet --- Union soviétique --- Zȯvlȯlt Kholboot Uls --- Związek Radziecki --- ESSD --- Sahaphāp Sōwīat --- KhSHM --- SSR Kavširi --- Russland --- SNTL --- PSRS --- Su-lien --- Sobhieṭ Ẏuniẏana --- FSSR --- Unione Sovietica --- Ittiḥād-i Shūravī --- Soviyat Yūniyan --- Condiciones económicas. --- Condiciones económicas --- Development Strategies. --- Economic Growth. --- Globalization. --- Institutional Building. --- Post-Communist Transition. --- Structural Reform. --- Structural Reforms.