Internationalization and Economic Policy Reforms in Transition Countries
Edward M. Graham, Nina Oding and Paul J. J. Welfens Eastern Europe and the former Soviet Union have achieved sustained economic growth in first half of the new decade in the 2V^ century. EU ac cession countries which have joined the EU have benefited mai
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Edward M. Graham ´ Nina Oding Paul J. J. Welfens (Editors)
Internationalization and Economic Policy Reforms in Transition Countries With 77 Figures and 28 Tables
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Dr. Edward Graham Institute for International Economics 1750 Massachusetts Avenue NW Washington, DC 20036-1903 USA [email protected] Dr. Nina Oding The Leontief Centre for Social and Economic Research 16, Voznesensky Prospect 190000 St. Petersburg Russia [email protected]
Professor Dr. Paul J. J. Welfens University of Wuppertal EIIW ± European Institute for International Economic Relations Rainer-Gruenter-Straûe 21 42119 Wuppertal Germany [email protected] www.euroeiiw.de www.econ.international.net
Research for, and production of, this publication have been generously funded by the Alfried Krupp von Bohlen und Halbach-Stiftung.
ISBN-10 3-540-24040-3 Springer Berlin Heidelberg New York ISBN-13 978-3-540-24040-2 Springer Berlin Heidelberg New York Cataloging-in-Publication Data Library of Congress Control Number: 2005930334 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springeronline.com ° Springer Berlin ´ Heidelberg 2005 Printed in Germany The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Hardcover-Design: Erich Kirchner, Heidelberg SPIN 11371663
43/3153-5 4 3 2 1 0 ± Printed on acid-free paper
Table of Contents Introduction Edward M, Graham, Nina Oding and Paul J J, Welfens A. Structural Change, Natural Resources Sector Expansion and Growth in Russia
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Paul J J, Welfens andAlbrecht Kaujfmann 1. Introduction 2. The Topic of Dutch Disease: A Theoretical Approach 2.1 The Model of Corden and Neary 2.2 Selected Complementary Issues
6 10 12 17
3. Structural and Long-term Perspective of the Oil and Gas Sector
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4. Policy Implications
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Appendix
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References
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Comment on: Structural Change, Natural Resource Sector Expansion and Growth in Russia Andrey P, Zaostrovtsev B. Monetary and Financial Stability as a Basis for Russia's Sustained Economic Internationalization
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Jose Fajgenbaum 1. Introduction
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2. Elements and Conditions for Monetary and Financial Stability 2.1 Monetary and Exchange Rate Policy 2.2 Fiscal Policy 2.3 Financial Sector 3. Conclusion
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Comment on: Monetary and Financ
