Fundamental sources of long-run growth

Article Abstract:

The growing availability and use of data sets gave rise to the rapid increase in empirical research on economic growth across countries. A review of this literature reveals that a better theoretical framework of the dynamics of human-capital accumulation and better indicators of human-capital attainment are needed. This specifically applies to poorer nations where measurement problems are rampant. Problems in human-capital accumulation also seem to be the key determinants of economic progress in poorer nations.

Research, Analysis, Economic research, Economic development, Human capital

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Privatization in Russia: some lessons from Eastern Europe

Article Abstract:

Russia can learn from the mistakes of Eastern Europe when establishing its privatization plan. The collapse of communism in Eastern Europe has led to corruption and a lack of direction, and the public has begun to take a negative attitude toward privatization. East European countries have implemented privatization one enterprise at a time and have allowed enterprises to privatize on a voluntary basis. Russia can make privatization more effective by taking a rapid and more comprehensive approach.

Russia, Privatization, Privatization (Business)

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Economic transition and the exchange-rate regime

Article Abstract:

The economic restructuring in Eastern European countries and the former Soviet Union requires monetary policies to stabilize the currency and decrease inflation. Currency management techniques must include the maintenance of a flexible exchange rate supported by strong local monetary institutions and goals. The International Monetary Fund plays an important role in helping countries manage their currency regime.

Management, Prices and rates, Foreign exchange, Foreign exchange rates, Monetary policy, Former Soviet Union

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