Abstract

Part 1 Uneven reforms - unbalanced growth: the transition economies after ten years, Stanley Fischer and Ratna Sahay comment on Fischer and Sahay, Lajos Bokros ten years after - what is special about transition countries? Daniel Gros and Marc Suhrcke the chances of catching up with the West, Andrew M. Warner growth convergence - a comment on Warner, Stanislaw Gomulka remarks on globalization, openness, and macroeconomic stability in transition economies, David Lipton. Part 2 Financial openness and approaches to monetary integration: global integration of financial markets and its consequences for transition economies, Marek Dabrowski unilateral adoption of the euro by EU applicant countries - the macroeconomic aspects, Andrzej Bratkowski and Jacek Rostowski Central European economies in the aftermath of the Russian payments crisis, Lucjan T. Orlowski. Part 3 Reforming social safety nets: reforming welfare states in post-communist countries, Nicholas Barr welfare state reforms in post-communist countries - a comment on Barr, Stanislawa Golinowska comment on Barr, Stanislaw Wellisz restoring hope, rewarding work -pension reforms in post-communist economies, Michal Rutkowski do winners take all? - a comment on Rutkowski, Mikhail Dmitriev pension reforms in transition economies - remarks and open questions, Winfried Schmahl. Part 4 Reflections of political leaders: political panel - selected presentations - Jacques de Larosiere, Vaclav Klaus, Leszek Balcerowicz, Daniel Daianu, Gramoz Pashko.

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