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Bookbot

Marek Dabrowski

    Okręt podwodny Cavalla
    Transition and Development: Beyond Transition
    Beyond Transition
    Fiscal Sustainability Challenges
    • Fiscal Sustainability Challenges

      • 100pages
      • 4 heures de lecture

      The book explores the implications of the global financial crisis on public debt, particularly in advanced economies where debt has surged to unprecedented peacetime levels. It contrasts this with the initial resilience of emerging markets, which later faced challenges due to falling commodity prices. The author emphasizes that the 'safe' levels of fiscal deficit and public debt are not universal but depend on specific country circumstances. Additionally, it highlights the need for accurate assessments of contingent fiscal liabilities, especially concerning aging populations and declining demographics.

      Fiscal Sustainability Challenges
    • Beyond Transition focuses on the economic problems and issues facing Central Europe and the Baltics, the Balkans, and countries belonging to the Commonwealth for Independent States (CIS) in the post-transition context. This focus reflects the need to better understand two processes that are increasingly apparent in the post-communist economic space.

      Beyond Transition