Abstract
By the end of the first decade of transition in 2000, the Great Divide was visible in almost every measure of economic performance: gross domestic product (GDP) growth, investment, government finances, growth in inequality, general institutional infrastructure, and in measures of financial development. Gradually growth has picked up and macro-stability improved in the Commonwealth of
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Berglöf, E., and P. Bolton. 2002. The great divide and beyond – Financial architecture in transition. Journal of Economic Perspectives 16(1): 77–100.
Kaufmann, D., A. Kraay, and M. Mastruzzi. 2006. Governance matters V: Governance indicators for 1996–2005. Washington, DC: World Bank.
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Berglöf, E. (2018). Great Divide. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2218
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2218
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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