This paper analyzes the political and institutional factors which are behind the dramatic changes in distortions to agricultural incentives in the transition countries in East Asia, Central Asia, and the rest of the former Soviet Union, and in Central and Eastern Europe. The paper explains why these changes have occurred and why there are large differences among transition countries in the extent and the nature of the remaining distortions.
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Library ResourceReports & ResearchPolicy Papers & BriefsMay, 2009Vietnam, Kyrgyzstan, China, Russia, Kazakhstan, Eastern Europe, Europe, Central Asia, Eastern Asia, Oceania
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A Bumpy Recovery
Reports & ResearchTraining Resources & ToolsJune, 2010Russia, Europe, Central AsiaAmid heightened global uncertainties, Russia is experiencing a bumpy recovery. Domestic demand is rising, but unemployment remains high, and credit and investment remain limited. The budget has benefited from higher oil prices, but fiscal consolidation remains important in the medium term. Crumbling infrastructure, especially in transport, could hamper the economy's competitiveness and longer-term growth prospects. The debt crisis in Western Europe sharpens the downside risks to global recovery and oil prices.
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Securing Stability and Growth
Reports & ResearchTraining Resources & ToolsJune, 2011Russia, Europe, Central AsiaRussia has seen even higher oil windfall in the past few months, which translates into likely fiscal surpluses this year and next. The government should not miss the opportunity provided by a large oil windfall to substantially improve its long-term fiscal position, further reduce inflation, and, therefore, ensure a strong basis for durable stability and healthy growth in the future. Rising domestic demand and credit activity are increasingly supporting solid growth.
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