International and Domestic Policy Responses to the Financial Crisis in Central and Eastern Europe: Lessons for Ukraine

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International and Domestic Policy Responses to the Financial Crisis in Central and Eastern Europe: Lessons for Ukraine

by Tetiana Polyvana,

The paper looks into the main successes and failures in policy responses to the financial crisis in Central and Eastern Europe at global, EU and domestic levels. The paper argues that despite the failure to prevent the crisis at all levels, coordination of regulatory actions at global and EU levels and high discipline of the CEE countries on domestic level helped them in confronting the crisis. The paper identifies key lessons for Ukraine, the main of which is that coherent and consistent economic reforms are the only key to success.

published in issue

Vol 10 – No 1 – 2010 // Governance After the Crisis

ABSTRACT

Governance After the Crisis

The global financial and economic crisis has taken its toll on national politics. Ranging from doubts over the legitimacy of capitalism in the West to the (re)election of socialist leaders and military coups in some parts of the South and conflict escalation all across the Middle East and South Asia, the effects of the recent... »

FOCUS

Non-partisan Local Actors As The Element Of Absorbed Local Democracy?

The paper focuses on a lesser known political phenomenon seen in Slovenia since the country gained its independence in 1991. At every local election since 1994 so-called independent candidates and non-partisan lists 1 have been gaining ever more votes and increasing support . For various reasons, this phenomenon does not exist at the national level... »

International and Domestic Policy Responses to the Financial Crisis in Central and Eastern Europe: Lessons for Ukraine

Foreign Direct Investment and Civil Rights: Testing Decreasing Returns to Civil Rights

In this paper, I examine the effectiveness of improvements in political and civil rights for attracting foreign direct investment flows (FDI) into democracies. I contend that advances in the quality of democracy – specifically those concerning civil rights – present positive but decreasing marginal returns in attracting FDI inflows. I empirically prove this proposition by... »

PAPERS

Modern “Don-Quixotism” or an Emerging Norm of International Relations? Prevention of Armed Conflicts in the European Union and the Organization for Security and Cooperation in Europe

The prevention of armed conflicts is stated as the priority policy of various international organizations, among which the EU and the OSCE. Based on the semi-structured interviews with high bureaucrats and civilian experts, who are engaged in conflict prevention policies within the two international organizations, the article compares the development and implementation of EU and... »

European Rules as ‘Law of the Land’? Towards Optimalisation of EU Member State Compliance

This paper deals with Member State compliance with EU rules, and explores how current structures and practises may be transformed and adapted so as to arrive at a situation where optimal effectiveness is ensured. It hereby differentiates between the various layers of public authority, and devotes special attention to two topics: a novel Dutch legal... »

REVIEWS

Tom Gallagher – “Romania and the European Union – How the Weak Vanquished the Strong” Manchester University Press, Manchester and New York, Palgrave Macmillan, 2009

“Spare no one!” – seems to yell between the lines one of Tom Gallagher’s most recent books. Written in 2008 and published one year later, “Romania and the European Union – How the Weak Vanquished the Strong” is undesirably relevant for 2010’s Romania. Skilful national politics managed to drive an underprepared Eastern country into the... »

The Role of “Hedgehogs” and “Foxes” in Turbulent Times, Gill Ringland, Oliver Sparrow and Patricia Lustig – Beyond Crisis: Achieving Renewal in a Turbulent World, John Wiley & Sons Publishing House, UK, 2010

After the financial crush of 2007 – 2008, “crisis” became the buzzword not only in the media and political circles but also for economists operating in the global market. It triggered panic among politicians, bankers, rich and poor alike. A group of three authors, Gill Ringland, Oliver Sparrow and Patricia Lustig, having a cumulative 100... »

CALL FOR PAPERS

PolSci (Romanian Journal of Political Science) is a bi-annual journal edited by the Romanian Academic Society. It is the first peer reviewed journal of political science in Romania and also the first in the field being indexed by ISI Thompson under the Social Sciences Citation Index. The journal benefits from the extensive experience and professionalism... »

Indexed in:

Social Sciences Citation Index
(ISI Thomson Reuters)
IPSA
GESIS
CIAONET
EBSCO
CEEOL
EPNET

International
Advisory Board

Alina Mungiu-Pippidi (chair) Hertie School of Governance
Larry Diamond Stanford University
Tom Gallagher University of Bradford
Alena Ledeneva University College London
Michael McFaul Stanford University
Dennis Deletant Georgetown University
Helen Wallace London School of Economics and Political Science

Editorial Board

Claudiu Tufiș
Bogdan Iancu
George Jiglau
Ingi Iusmen
Gabriel Bădescu
Andrei Macsut
Laura Voinea

Published by:

International and Domestic Policy Responses to the Financial Crisis in Central and Eastern Europe: Lessons for Ukraine

Indexed in:

International Advisory Board

Editorial Board

Published by:

International
Advisory Board