Economic Prospects of the CIS Sources of Long Term Growth
G. Ofer

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'Professors Gur Ofer and Richard Pomfret have created a volume in which timely and lucid combination of analyses, extensive information and clear-cut knowledge of what went wide of the mark during the 1990s in the Soviet bloc are all well presented. They offer economic and institutional analyses to help understand alternative routes to economic growth in the CIS.'- Bruno S. Sergi, Economics of Transition'This first comprehensive application of the new growth accounting to systemic transition in ten ex-Soviet republics puts weak governance - public and corporate - and capital paucity as the key retardants to market-led dynamism today. The country-specific analyses, embedded in a rich description of resource, demographic and political environments, shows that these economies, as yet little touched by globalisation, need to build institutions qualitatively attractive to FDI and to technology transfer if their catch-up rate is to satisfy the aspirations of their still poverty-racked peoples.' - Michael Kaser, St Antony's College, Oxford, UKThis book brings together ten original studies on the transition and growth experience and the foundations for long-term growth of the newly independent states created by the dissolution of the Soviet Union.Beginning with an overview of the common pre-1992 background and comparative information on the post-1992 performance of the Commonwealth of Independent States (CIS) countries, the authors continue by reviewing the Soviet background and post-independence experience. They then emphasise both the uniformity and diversity of the twelve CIS countries' recent history. The problem of explaining economic growth in transition economies is also explored, and individual in-depth country studies are presented.The contributors to the book are a combination of in-country researchers with in-depth local knowledge and access to data, and international economists with technical expertise and experience of long-term growth in other countries. This approach ensures the book's appeal to academics and researchers of economic growth, transition and comparative economics. Economists assigned to the region or any individual CIS country will find the analysis invaluable.