Central and Eastern European Economies
Introduction
As discussed in earlier chapters, the Central and Eastern Europe (CEE)1 bloc is a generic term that defines the group of countries in central, south-east, northern, and eastern Europe, commonly meaning former communist states in Europe. It is in use since the collapse of the Iron Curtain2 in 1989 to 1990, when more than 20 nations emerged from the isolation that had largely hidden them, and their citizens, from the rest of the world for more than 4 decades. As argued by Lerman, Csaki, and Feder (2004), in each of these former Soviet States, remnants of tradition and economic organization have prevented them from stepping out, beyond the curtain and onto the world stage. Nonetheless, ...
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