Something horrible out there: will Eastern Europe be the next region to suffer exchange-rate turmoil?

Article Abstract:

Former communist countries of Eastern Europe may be headed for a currency crisis, as a result of too much economic growth that is happening too soon. In 1996, many of these countries had current-account deficits above 7% of gross domestic product, most of it financed by volatile short-term capital.

Balance of payments, Foreign exchange

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Another world: foreign investment is a success; but it is less important, and less popular, than outsiders think

Article Abstract:

Eastern European countries have adapted faster to free market production models than most analysts expected. Countries like Hungary and the Czech Republic offer manufacturers lower labor costs, which increases shareholder earnings and the flow of capital into Eastern European economies.

Manufacturing industry, Manufacturing industries, Capital movements

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Now you see it, now you don't; Eastern Europe's new prosperity is real enough, but it defies definition

Article Abstract:

Conventional statistics indicate that the post-communist countries of Eastern Europe are performing economically only as well as they had in 1989, before communism fell. What makes the statistics misleading is explained.

Economic development, Economic indicators

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