Lessons and Policy Options for CIS and CEECs

Abstract

The experience of CEECs and CIS countries in transition, the analysis of economic growth theories, openness of the economy, and FDI and its impact on economic growth, as well as the situation in the investigated countries helps to draw lessons and policy options which these countries should follow to reach higher economic growth in the future. This chapter is divided into four sections: the first section derives conclusions and policy options which are a result of the transition experience; the second section provides lessons and policy options which are a result of different theories on economic growth; the third section covers lessons and policy options which are specifically connected with openness of the economy, and the fourth section derives lessons and policy options which are directed towards the creation of an appropriate investment climate and the attraction of more FDI.