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Lessons for East Asia from Eastern Europe’s Economic Challenges and Transformation
August 3, 2022 @ 8:00 am – 10:00 am
Lajos Bokros, Professor at Central European University and former Minister of Finance of Hungary
Marcin Piatkowski, Professor at Kozminski University, author of Europe’s Growth Champion, and former visiting scholar at Harvard’s Center for European Studies
Dwight Perkins, Professor Emeritus in the Harvard Economics Department, former Director of the Fairbank Center and the Harvard Institute for International Development
Moderated by: Richard Yarrow, Fellow at Harvard Kennedy School and Visiting Fellow at the National University of Singapore
In the 1980s, Eastern European economies were stagnant or in decline. Mass shortages and unemployment combined with decaying institutions to throw economies and societies in turmoil. Three decades later, Eastern Europe has transformed. Of the 23 countries to become high income since 1992, nine are in Eastern Europe. In the 1980s, Poland had a lower per capita GDP than Suriname; today, the total GDP of the EU states in Eastern Europe is larger than the GDP of Russia. In much of the region, corruption has declined, while education, health, and other social and economic indicators have improved.
How did these changes occur, and what dilemmas did Eastern European countries encounter during the transformation of their economies and institutions? This webinar brings experts from across Eastern Europe to discuss causes behind Eastern Europe’s economic problems, and the challenges of rejuvenating economies and institutions after the end of the Cold War. In doing so, panelists will discuss the potential lessons that East Asian countries can learn from the challenges and successes of Eastern Europe’s economic reforms and transformation.
This event is the second part of a two-part series of panels. One can register for the first part, on governing challenges, at https://nus-sg.zoom.us/webinar/register/WN_IVgHUfzMQAiGAnef7aNwLQ?timezone_id=America%2FNew_York.