Abstract
The economic performance of the former communist countries has been generally mediocre over the first ten years of transition, and has varied widely between countries, with the Central-East European countries doing best and the CIS (Commonwealth of Independent States) countries doing worst. The key underlying factors determining the pattern of inter-country variation have related to initial conditions and investment, with macroeconomic stabilisation playing an important facilitating role. National S&T systems as such have played no role whatsoever
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