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wiiw Seminar Series
'Crisis Management in Central, East and Southeast Europe: What is
to be done?' |
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Oleh
Havrylyshyn, Research Scholar at University of Toronto,
Centre for European, Russian and Eurasian Studies and consultant
to international organizations; formerly Deputy Director of
the EUR II dept. in the IMF
The Impact of Global Economic Crisis on Post-transition Economies:
A Sign of Incomplete Transition or Market Reality?
30 June 2009, 1 p.m. |
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This informal
presentation will explore a number of possible explanations
for the different impacts of the global crisis on different
post-socialist economies. The aim is to identify a few key hypotheses
and avenues for further research and analysis. The question
put in the title is motivated by the following stylized facts.
Some of the post socialist countries have been very hard hit
by the global crisis - Hungary, Ukraine, Baltics (albeit in
varying degrees) - while others have so far escaped the most
severe effects - Poland, the Czech Republic, Slovakia and Slovenia.
At the same time this grouping of more and less affected countries
can be seen among mature market economies at different levels
of development - Iceland, Ireland, Pakistan hard-hit, many others
much less so. This points to an overarching question for CEECs:
were the post socialist countries affected because of incomplete
transition to the market, or are they simply now suffering common
illnesses observed historically in market economies?
Oleh Havrylyshyn was formerly Deputy Director of the EUR II
dept. in the IMF, responsible for countries of the FSU, and
earlier served in the first Ukrainian government in 1992-93
in the capacity of Deputy Minister of Finance, International
Affairs. He completed his BA at Queens University, Canada, and
PhD at MIT. Until his involvement in transition issues in Ukraine
and elsewhere, he was Professor of Economics at Queens University
and George Washington University. He has written extensively
on international economics, development and transition issues.
His recent publications include Divergent Paths in Post-Communist
Transformation: Capitalism for All or Capitalism for the Few?,
Palgrave MacMillan, 2006; Return to Growth in CIS Countries:
Monetary Policy and Macroeconomic Framework, co-edited with
L. Vinhas de Souza, Springer Verlag, 2006; 'Growth Recovery
in CIS Countries: The Sufficient Minimum Threshold of Reforms',
Comparative Economic Studies, 50(1), 2008; Economic
Restructuring and Integration in Eastern Europe, co-edited
with R. Grinberg and P. Havlik, Nomos Publishers, 2008. He is
currently Research Scholar at University of Toronto, Centre
for European, Russian and Eurasian Studies and a consultant
to international organizations. |
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